Mesa Air Group Q3 revenue drops 16.3% on reduction in contractual aircraft with United Airlines
13/08/2025 12:13
Overview Mesa fiscal Q3 2025 rev falls 16.3% yr/yr, driven by reduced United contracts Co reports GAAP net income of $20.9 mln, reflecting operational restructuring Proposed merger with Republic Airways expected to enhance financial profile Outlook Mesa expects combined annual revenue of $1.8 bln to $2.0 bln post-merger Company anticipates pro forma cash balance to exceed $300 mln post-merger Mesa expects pro forma debt balance of approximately $1.1 bln post-merger New 10-year capacity purchase agreement with United Airlines post-merger Result Drivers REVENUE DECLINE - Reduced contractual aircraft with United Airlines led to lower contract revenue OPERATIONAL EFFICIENCY - Achieved 99.99% controllable completion factor and increased block hour utilization ASSET SALES - Sale of surplus CRJ assets contributed to debt repayment and reduced interest expenses Key Details
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q3 Operating Revenue | $92.80 mln | ||
| Q3 Adjusted Net Income | -$600,000 | ||
| Q3 Net Income | $20.90 mln | ||
| Q3 Adjusted EBITDA | $6.10 mln | ||
| Q3 Operating Expenses | $92.90 mln | ||
| Q3 Pretax Profit | $20.60 mln |