Harbor Diversified, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 17, 2021 at 05:08 pm EDT
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Harbor Diversified, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was USD 49.774 million compared to USD 67.079 million a year ago. Operating income was USD 33.257 million compared to USD 3.564 million a year ago. Net income was USD 25.225 million compared to USD 4.414 million a year ago. Basic earnings per share from continuing operations was USD 0.46 compared to USD 0.08 a year ago. Diluted earnings per share from continuing operations was USD 0.35 compared to USD 0.06 a year ago.
Harbor Diversified, Inc. is a non-operating holding company. The Company operates through subsidiaries, including AWAC Aviation, Inc. (AWAC), which is the sole member of Air Wisconsin Airlines LLC (Air Wisconsin), a regional air carrier. The Company is also the direct parent of three other subsidiaries: Lotus Aviation Leasing, LLC (Lotus), which leases flight equipment to Air Wisconsin; Air Wisconsin Funding LLC (AWF), which provides flight equipment financing to Air Wisconsin, and Harbor Therapeutics, Inc. (Therapeutics), which is a non-operating entity with no material assets. Air Wisconsin owns over 64 CRJ-200 regional jets. The CRJ-200 regional jet offers many of the capabilities and amenities of larger commercial jet aircraft, including flight attendant service, a stand-up cabin, limited overhead and under seat storage, a lavatory and a galley that allows for in-flight snack and beverage service. The CRJ-200 regional jets have a speed range of approximately 1,585 miles.
HARBOR DIVERSIFIED, INC. 
