HARBOR DIVERSIFIED, INC. reported results for the 2025 quarter showing a sharp decline in operating revenue and a wider loss per share as the company wound down its regional airline operations and completed the disposition of aviation assets.
Financial Highlights
MetricCurrent quarterPrior year quarterYoY changeRevenue¹$905K$53.57M(98.3%)Net income²($5.14M)($2.24M)(129.9%)Diluted EPS³($0.09)($0.04)(125%)¹ Reported as “Total Operating Revenues”. ² Reported as “Net loss available to common stockholders”. ³ Reported as “Diluted Loss per share”.
Business Highlights
- Aviation disposition: The company completed the sale of all aviation assets on Jan. 9, 2026 for approximately $125.9M and no longer operates an airline.
- Revenue shift: Operating revenues collapsed (about 99% year‑over‑year for the quarter) after termination of the American CPA on Apr. 3, 2025, leaving charter activity limited and seasonal.
- Operational wind‑down: Fleet operations were largely withdrawn in April 2025, with aircraft and engines sold and major reductions in available seat miles, block hours and departures.
- Workforce reduction: Multiple rounds of furloughs and terminations in 2025 affected roughly 640+ employees as regional operations ceased.
- Strategic pivot and liquidity: Post‑disposition, the company holds cash and securities and intends to pursue investments, acquisitions or other strategic alternatives to redeploy capital.
Original SEC Filing:
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