---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-075326"
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: "2026-05-21T00:51:43.302275+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Mesa Air Q2 net loss $58.6M; adjusted loss $2.9M; Republic merger HSR filed

## Summary
- Q2 FY2025 net loss $58.6M ($1.42 diluted EPS); adjusted net loss $2.9M ($0.07).
- Revenue $94.7M, down 28% YoY from $131.6M due to reduced United contract aircraft.
- Adjusted EBITDA $8.3M vs $26.8M YoY; adjusted EBITDAR $9.6M vs $28.2M.
- Debt reduced to $131.7M from $400.1M YoY; unrestricted cash $54.1M.
- Republic Airways merger: HSR filing submitted May 16; expected close prior to CY2025 year-end.

## SEC filing metadata
- accession: 0000950170-25-075326
- 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: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/810332/000095017025075326/0000950170-25-075326-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/810332/000095017025075326/mesa-20250516.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-075326
- JSON: https://secwatch.observer/filing/0000950170-25-075326.json
- Plain text: https://secwatch.observer/filing/0000950170-25-075326.txt

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