Mesa Air Group Inc
NASDAQ:MESA

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Mesa Air Group Inc Logo
Mesa Air Group Inc
NASDAQ:MESA
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Price: 21 USD 0.24% Market Closed
Market Cap: $58.2m

Mesa Air Group Inc
Investor Relations

Mesa Air Group, Inc. operates as a commercial aviation holding company, which engages in the provision of regional air carrier and passenger transportation services. The company is headquartered in Phoenix, Arizona and currently employs 2,999 full-time employees. The company went IPO on 2018-08-10. Mesa Airlines operates as a regional air carrier provider, which schedules flight service to approximately 120 cities in 42 states, the District of Columbia, and Mexico, as well as cargo services out of Cincinnati/Northern Kentucky International Airport. Mesa Airlines operates a fleet of approximately 167 aircraft with approximately 457 daily departures and also leases approximately 12 aircraft to a third party. Its partners include American Airlines, Inc. (American), United Airlines, Inc. (United) and DHL Network Operations (United States), Inc. (DHL). Mesa Airlines operates all of its flights on behalf of partners as either American Eagle, United Express, or DHL Express flights.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Aug 13, 2025
AI Summary
Q3 2025

Revenue Decline: Mesa's Q3 2025 revenue was $92.8 million, down 16.3% year-over-year, mainly due to a reduction in contracted aircraft with United and the sale of certain Embraer 175s.

Net Income Turnaround: Mesa reported net income of $20.9 million ($0.50 per share), compared to a net loss of $19.9 million in Q3 2024.

Adjusted Loss Narrowed: The adjusted net loss was nearly breakeven at $600,000, a significant improvement from a $9.4 million loss in the prior year.

Expenses Down: Operating expenses fell by 22.4%, driven by lower flight operations, pilot training, depreciation, and asset impairment costs.

Merger Progress: The planned merger with Republic Airways is progressing, with expected closing in the second half of 2025, pending SEC effectiveness and Mesa shareholder approval.

Combined Scale: The merged entity is projected to generate $1.8–$2 billion in annual revenue and hold over 300 Embraer aircraft, with a strong liquidity position and no Mesa debt carried over.

Long-term Stability: A new 10-year capacity purchase agreement with United Airlines is expected post-merger, supporting stable and predictable revenue.

Key Financials
Revenue
$92.8 million
Contract Revenue
$69.9 million
Operating Expenses
$92.9 million
Net Income
$20.9 million
EPS
$0.50 per diluted share
Adjusted Net Loss
$600,000
Adjusted EPS
loss of $0.01 per diluted share
Adjusted EBITDA
$6 million
Adjusted EBITDAR
$6.1 million
Unrestricted Cash and Cash Equivalents
$42.5 million
Total Debt
$113.7 million
Daily Block Hour Utilization
increase of 15.4% year-over-year
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jonathan G. Ornstein
Chairman & CEO
No Bio Available
Mr. Michael J. Lotz
President & CFO
No Bio Available
Mr. Brian S. Gillman J.D.
Executive VP, General Counsel & Secretary
No Bio Available
Mr. Doug Cooper
Head of Investor Relations
No Bio Available
Mr. Michael L. Ferverda
Senior Vice President of Regulatory Affairs
No Bio Available
Mr. Dean Sinerius
Director of Quality Assurance & Chief Inspector
No Bio Available
Mr. Michael L. Whitman II
Chief Pilot
No Bio Available

Contacts

Address
ARIZONA
Phoenix
410 N 44th St Ste 700
Contacts
+16026854000.0
www.mesa-air.com