HARBOR DIVERSIFIED, INC. reported full-year 2024 operating revenue of $202.38M, up 1.6% year‑over‑year, while recording a net loss available to common stockholders of $18.27M and a diluted loss per share of $0.36, according to its 10‑K filing.
Financial Highlights
MetricCurrent yearPrior yearYoY changeRevenue1$202.38M$199.21M+1.6%Net income2$-18.27M$-17.31M-5.5%Diluted EPS3$-0.36$-0.39+7.7% 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, and no longer operates an airline.
- Revenue shift: FY2024 revenue rose modestly to $202.4M, driven by dynamics under an American capacity agreement.
- Partner and capacity changes: Harbor transitioned from United to a sole partner, American, in 2023; the American agreement was terminated in April 2025.
- Operational decline: Pilot shortages reduced block hours by 14.1% and departures by 12.6% in 2024, lowering ASM and RPM volumes.
- Post-disposition focus: Following the asset sale, the company is positioned as a cash and investment-focused entity prioritizing capital preservation, investment income and strategic alternatives.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.