Harbor Diversified, INC
Market Movers (8-K)
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Harbor Diversified, Inc. completed the sale of its material operating assets for approximately $110 million and is now evaluating strategic alternatives for its remaining liquid assets.
Delay expected
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Harbor Diversified, Inc. announced the election of three directors at its 2025 annual stockholders' meeting held virtually on December 30, 2025.
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Harbor Diversified, Inc. announced the sale of its Air Wisconsin Airlines LLC subsidiary and 25 Bombardier CRJ200 aircraft for an aggregate purchase price of approximately $113.2 million, alongside details for its 2025 Annual Meeting of Stockholders.
Capital raise
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Harbor Diversified, Inc. has entered a non-binding letter of intent to sell its Air Wisconsin subsidiary and announced a workforce reduction impacting 253 employees.
Worse than expected
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Air Wisconsin, a subsidiary of Harbor Diversified, is shifting its focus to Essential Air Service markets and charter operations after the termination of its capacity purchase agreement with American Airlines.
Worse than expected
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Harbor Diversified's subsidiary, Air Wisconsin, has amended its capacity purchase agreement with American Airlines, resolving disputes and modifying key terms including termination rights and compensation.
Quarterly Earnings (10-Q)
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Harbor Diversified, Inc. reported a net income of $16.5 million for Q1 2025, a significant turnaround from a net loss in the prior year, driven by increased contract revenues and charter operations, as the company continues its transition following the sale of its aviation assets.
Delay expected
Better than expected
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Harbor Diversified reports significant revenue decline due to American Airlines contract termination, but shows improved six-month net income following aviation asset disposition.
Delay expected
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Harbor Diversified reports significant revenue decline and net loss for Q3 2025 following the termination of its American Airlines capacity purchase agreement and subsequent aviation asset disposition.
Delay expected
Worse than expected
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Harbor Diversified reports Q3 2024 results amid strategic realignment following the termination of its agreement with American Airlines, highlighting ongoing challenges and a search for new revenue streams.
Delay expected
Worse than expected
Capital raise
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10-Q: Harbor Diversified Reports Q2 2024 Results Amid Strategic Realignment Following Contract Termination
Harbor Diversified reports a net loss for Q2 2024 and is undergoing a strategic realignment after the termination of a key capacity purchase agreement.
Worse than expected
Delay expected
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Harbor Diversified reports a net loss for Q1 2024 and details its strategic realignment after American Airlines terminated their capacity purchase agreement.
Delay expected
Worse than expected
Annual Reports (10-K)
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Harbor Diversified, Inc. reports on its fiscal year 2024, detailing the significant aviation asset disposition and its strategic shift to evaluating new business opportunities.
Delay expected
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Harbor Diversified, Inc. restated its past financial statements due to an unfavorable arbitration outcome and identified a material weakness in its internal controls.
Delay expected
Worse than expected