MESA AIR GROUP INC

For the period ended Dec 31, 2023. Filed May 24, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Dec 31, 2023 · Filed May 24, 2024

RJET$21.42+0.8%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Loss

(In thousands, except per share amounts) (Unaudited)

	Three Months Ended December 31,
	2023	2022
Operating revenues:
Contract revenue ($96,412 and $59,370 from related party)	$101,100	$128,450
Pass-through and other revenue	17,677	18,723
Total operating revenues	118,777	147,173
Operating expenses:
Flight operations	51,818	58,320
Maintenance	48,627	48,287
Aircraft rent	1,204	4,083
General and administrative	12,009	13,988
Depreciation and amortization	13,293	15,203
Asset impairment	40,384	3,719
Loss on sale of assets	386	—
(Gain) on extinguishment of debt	(2,954)	—
Other operating expenses	2,458	1,126
Total operating expenses	167,225	144,726
Operating income/(loss)	(48,448)	2,447
Other income (expense), net:
Interest expense	(11,160)	(11,276)
Interest income	14	71
Unrealized gain/(loss) on investments, net	2,451	(1,679)
Other income (expense), net	157	417
Total other expense, net	(8,538)	(12,467)
Loss before taxes	(56,986)	(10,020)
Income tax expense/(benefit)	864	(930)
Net loss and comprehensive loss	$(57,850)	$(9,090)
Net loss per share attributable to
common shareholders
Basic	$(1.41)	$(0.25)
Diluted	$(1.41)	$(0.25)
Weighted-average common shares outstanding
Basic	40,940	36,378
Diluted	40,940	36,378

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