secwatch.observer — SEC 8-K summary
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Issuer:     REPUBLIC AIRWAYS HOLDINGS INC. (RJET)
CIK:        0000810332
Form:       8-K
Filed at:   2025-05-20T23:59:59+00:00
Accession:  0000950170-25-075323
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810332/000095017025075323/0000950170-25-075323-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810332/000095017025075323/mesa-20250519.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-075323

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer