Air Wisconsin WARN Layoffs... But the Certificate Lives On

Over 1,000 jobs cut. CRJ-200s headed for storage. A Part 121 certificate that just became a strategic asset.

Since the start of 2025, Air Wisconsin has laid off more than 1,000 employees. Most people missed it.

This week, they filed another WARN notice, this time cutting 241+ jobs across Appleton (ATW) and Milwaukee (MKE). The layoffs become effective October 28, and while the official language leaves a little wiggle room, the filing states the cuts are “expected to be permanent.”

Investors you will want to watch this. While Air Wisconsin is not a public company, $HRBR Harbor Diversified owns Air Wisconsin, through a holding company called AWAC Aviation.

It’s all a bit muddled - but United Airlines - I’m watching their interest in this…

Let’s unpack what’s really happening here, and why it is screaming a massive structural realignment in the regional airline space that investors and insiders alike should be watching. This may be the first of many.

Incase you are not super familiar with Air Wisconsin Airlines - they have been a key player in regional aviation since 1965, operating a fleet of sixty CRJ-200 aircraft.