---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-075323"
form_type: "8-K"
ticker: "RJET"
cik: "0000810332"
company_name: "REPUBLIC AIRWAYS HOLDINGS INC."
filed_at: "2025-05-20T23:59:59+00:00"
generated_at: "2026-05-21T00:51:35.535524+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Mesa Air Group Q1 fiscal 2025 net loss of $114.6M (-$2.77/diluted); revenue down 13.1% to $103.2M

## Summary
- Total operating revenues $103.2M, down 13.1% YoY from $118.8M; contract revenue $80.7M, down 20.2%.
- GAAP net loss $114.6M ($2.77/diluted) vs $57.9M ($1.41) YoY; adjusted net loss $4.0M ($0.10) vs $21.8M ($0.53).
- Adjusted EBITDA $11.0M vs $5.0M YoY; adjusted EBITDAR $12.6M vs $6.3M.
- Asset impairment and loss on aircraft sale totaled $112.4M in Q1; debt reduced to $230.6M from $481.0M a year ago.
- Operated 62 large jets under CPA with United; controllable completion 100%; cash $40.0M at Dec 31, 2024.

## SEC filing metadata
- accession: 0000950170-25-075323
- form_type: 8-K
- ticker: RJET
- cik: 0000810332
- company_name: REPUBLIC AIRWAYS HOLDINGS INC.
- filed_at: 2025-05-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/810332/000095017025075323/0000950170-25-075323-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/810332/000095017025075323/mesa-20250519.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-075323
- JSON: https://secwatch.observer/filing/0000950170-25-075323.json
- Plain text: https://secwatch.observer/filing/0000950170-25-075323.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.