Harbor Diversified swings to FY25 Q1 net income of $16.5 million; revenue rises 38% to $60.24 million

HARBOR DIVERSIFIED INC

HARBOR DIVERSIFIED INC

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  • Harbor Diversified returned to profit in the quarter ended March 31, 2025, posting net income of USD 16.5 million, or USD 0.28 a share.
  • Operating income swung to USD 14.4 million as revenue rose 38% to USD 60.24 million versus the year-earlier quarter.
  • Cash provided by operating activities was USD 12.59 million; cash and cash equivalents totaled USD 27.1 million.
  • American Airlines terminated its capacity purchase agreement effective April 3, 2025; Harbor later completed an aviation-asset disposition for about USD 125.9 million.


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