secwatch.observer — SEC 8-K summary
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Issuer:     REPUBLIC AIRWAYS HOLDINGS INC. (RJET)
CIK:        0000810332
Form:       8-K
Filed at:   2024-05-20T23:59:59+00:00
Accession:  0000950170-24-062146
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mesa Air Q1 FY2024 net loss $57.9M; revenues $118.8M down 19.3% YoY
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- Net loss of $57.9M ($1.41/diluted share) vs $9.1M loss in Q1 2023; adjusted net loss $21.8M ($0.53/share).
- Total operating revenues $118.8M, down 19.3% YoY from $147.2M, driven by reduced CRJ-900 block hours.
- Adjusted EBITDAR of $6.3M, compared to $25.9M in prior year quarter.
- Debt reduced by $39.2M during quarter; closed subsequent sale of 12 engines for $54.4M gross proceeds.
- Expects adjusted net profit in Q2 FY2024 (first in ten quarters) and breakeven cash flow for remainder of fiscal year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810332/000095017024062146/0000950170-24-062146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810332/000095017024062146/mesa-20240520.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-062146

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