MESA AIR GROUP INC
For the period ended Jun 30, 2024. Filed Oct 15, 2024.
View on SEC.govAbout 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.
Jun 30, 2024 · Filed Oct 15, 2024
RJET$21.42+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except per share amounts) (Unaudited)
| Three Months Ended June 30, | Nine Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Operating revenues: | ||||
| Contract revenue (2024—$93,867 and $301,796 and 2023—$88,415 and $200,184 from related party) | $95,596 | $94,356 | $310,516 | $326,588 |
| Pass-through and other revenue | 15,197 | 20,335 | 50,636 | 57,111 |
| Total operating revenues | 110,793 | 114,691 | 361,152 | 383,699 |
| Operating expenses: | ||||
| Flight operations | 45,455 | 51,557 | 146,602 | 164,707 |
| Maintenance | 44,266 | 51,072 | 137,165 | 145,344 |
| Aircraft rent | 1,684 | 864 | 4,296 | 5,782 |
| General and administrative | 9,715 | 11,346 | 32,857 | 38,872 |
| Depreciation and amortization | 9,730 | 15,316 | 32,846 | 47,060 |
| Asset impairment | 7,880 | 30,489 | 50,923 | 50,951 |
| Loss/(Gain) on sale of assets | — | (6,722) | 150 | (7,271) |
| Other operating expenses | 1,090 | 999 | 5,098 | 2,358 |
| Total operating expenses | 119,820 | 154,921 | 409,937 | 447,803 |
| Operating loss | (9,027) | (40,230) | (48,785) | (64,104) |
| Other income (expense), net: | ||||
| Interest expense | (9,032) | (12,015) | (30,832) | (36,321) |
| Interest income | 17 | 8 | 45 | 128 |
| (Loss)/Gain on investments | (776) | — | 6,454 | — |
| Unrealized (loss)/gain on investments, net | (2,025) | 2,859 | (6,073) | 3,275 |
| Gain on extinguishment of debt | — | — | 2,954 | — |
| Gain on debt forgiveness | — | — | 10,500 | — |
| Other income (expense), net | 125 | (946) | (234) | (540) |
| Total other expense, net | (11,691) | (10,094) | (17,186) | (33,458) |
| Loss before taxes | (20,718) | (50,324) | (65,971) | (97,562) |
| Income tax (benefit)/expense | (810) | (2,764) | 126 | (5,791) |
| Net loss and comprehensive loss | $(19,908) | $(47,560) | $(66,097) | $(91,771) |
| Net loss per share attributable to | ||||
| common shareholders | ||||
| Basic | $(0.48) | $(1.17) | $(1.61) | $(2.35) |
| Diluted | $(0.48) | $(1.17) | $(1.61) | $(2.35) |
| Weighted-average common shares outstanding | ||||
| Basic | 41,217 | 40,688 | 41,075 | 38,986 |
| Diluted | 41,217 | 40,688 | 41,075 | 38,986 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.