Item 1.01 Entry into a Material Definitive Agreement.

On February 23, 2023, Air Wisconsin Airlines LLC ("Air Wisconsin"), which is an indirect wholly owned subsidiary of Harbor Diversified, Inc. (the "Company"), entered into an amendment (the "Amendment"), effective as of March 1, 2023, to the capacity purchase agreement ("American capacity purchase agreement") with American Airlines, Inc. ("American"). The Amendment provides, among other things:



  •   a revision to the compensation rates for 2023 through 2027; and



    •     the payment of a fixed amount from American to Air Wisconsin in 2023 to
          assist Air Wisconsin with current pilot compensation.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, a redacted copy of which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the fiscal quarter ending March 31, 2023.

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