To investigate factors contributing to immediate mortality in gill-net-caught elasmobranchs, we caught and blood sampled a total of 64 sharks and rays. Blacktip reef sharks (Carcharhinus melanopterus) were the most commonly caught species and had significantly elevated plasma lactate (mean 23.3 mM) and potassium (mean 6.2 mM) concentrations following capture, suggesting physiological disturbance. The overall immediate mortality rate of C. melanopterus was 38% and mortality was significantly influenced by body size, but not location of entanglement or sex. Of the other species caught, nervous sharks (Carcharhinus cautus) were of particular concern, because this species is often caught as bycatch by gill-net fisheries throughout its range and experienced high immediate mortality rates when captured (66%; n = 12) in the present study. The results suggest that juvenile C. melanopterus are particularly susceptible to gill-net-related mortality and that fisheries management strategies for C. melanopterus bycatch should focus on reducing the likelihood of juvenile sharks encountering this gear. Given that this species is not currently considered to be threatened with extinction, population monitoring should be performed such that the suggested regulations can be implemented if populations decline to levels threatening the conservation status of the species.