secwatch.observer — SEC 8-K summary
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Issuer:     REPUBLIC AIRWAYS HOLDINGS INC. (RJET)
CIK:        0000810332
Form:       8-K
Filed at:   2024-06-18T23:59:59+00:00
Accession:  0000950170-24-074589
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mesa Air Group posts Q2 net income of $11.7M, first profit in 11 quarters
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- Revenue $131.6M (+8% YoY); net income $0.28 diluted EPS vs loss $(0.88) prior year.
- Adjusted net income $6.3M ($0.15 diluted EPS); adjusted EBITDAR $28.2M.
- Total debt reduced 36% YoY to $400.0M; $221.5M reduction over past year.
- Recognized $8.8M catch-up from higher E-175 rates with United; fleet at 56 E-175s and 24 CRJ-900s.
- Renegotiated two CRJ leases saving $9.5M; expects cash-flow neutral for remainder of FY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810332/000095017024074589/0000950170-24-074589-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810332/000095017024074589/mesa-20240618.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-074589

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