MESA AIR GROUP INC
For the period ended Sep 30, 2023. Filed Jan 26, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Jan 26, 2024
RJET$21.42+0.8%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations and Comprehensive (Loss) Income
(in thousands)
| Year Ended September 30, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Operating revenues: | |||
| Contract revenue (2023—$294,129, 2022—$207,003, and 2021—$198,212 from related party) | $421,298 | $478,482 | $434,518 |
| Pass-through and other revenue | 76,767 | 52,519 | 69,073 |
| Total operating revenues | 498,065 | 531,001 | 503,591 |
| Operating expenses: | |||
| Flight operations | 216,748 | 177,038 | 162,137 |
| Maintenance | 199,648 | 201,930 | 217,646 |
| Aircraft rent | 6,200 | 36,989 | 39,345 |
| General and administrative | 48,765 | 43,966 | 49,855 |
| Depreciation and amortization | 60,359 | 81,508 | 82,847 |
| Lease termination | — | 233 | 4,508 |
| Asset impairment | 54,343 | 171,824 | — |
| (Gain) on sale of assets | (7,162) | (4,723) | — |
| Other operating expenses | 3,510 | 7,238 | 3,536 |
| Government grant recognition | — | — | (119,479) |
| Total operating expenses | 582,411 | 716,003 | 440,395 |
| Operating (loss)/income | (84,346) | (185,002) | 63,196 |
| Other income (expense), net: | |||
| Interest expense | (49,921) | (35,289) | (34,730) |
| Interest income | 146 | 139 | 365 |
| Unrealized gain/(loss) on investments, net | 5,408 | (13,715) | (6,816) |
| Other (expense)/income, net | (148) | (801) | 401 |
| Total other expense, net | (44,515) | (49,666) | (40,780) |
| (Loss)/income before taxes | (128,861) | (234,668) | 22,416 |
| Income tax (benefit)/expense | (8,745) | (51,990) | 5,828 |
| Net (loss)/income and comprehensive (loss)/income | $(120,116) | $(182,678) | $16,588 |
| Net loss per share attributable to common shareholders | |||
| Basic | $(3.04) | $(5.06) | $0.46 |
| Diluted | $(3.04) | $(5.06) | $0.43 |
| Weighted-average common shares outstanding | |||
| Basic | 39,465 | 36,133 | 35,713 |
| Diluted | 39,465 | 36,133 | 38,843 |
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