Mesa Air Q3 net loss $19.9M; United extends E-175 rate, funds $14M fleet transition

REPUBLIC AIRWAYS HOLDINGS INC.

2024-FY EPS reported -$2.21 revenue$476,409,000

Net loss $19.9M ($0.48 diluted); adjusted net loss $9.4M ($0.23) vs $27.2M loss a year ago.
Revenue $110.8M, down 3.4% YoY; United Express contract revenue up 8.0% despite 3.3% fewer block hours.
United extends increased E-175 block-hour rate through Aug 2025; reimburses up to $14M for all-E-175 fleet transition by Mar 2025.
Sold 23 CF34-8C engines for $33.5M; used $29M to pay down U.S. Treasury debt. Cash at Sep 30: $15.4M.
Sold Archer Aviation shares for $9.6M (cost $5.0M); retains ~1.17M unvested warrants.

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