MESA AIR GROUP INC
For the period ended Sep 30, 2024. Filed May 14, 2025.
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FY2024 · Filed May 14, 2025
RJET$21.42+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive (Loss) Income
Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except per share amounts)
| Year Ended September 30, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating revenues: | |||
| Contract revenue (2024—$394,206, 2023—$294,129, and 2022—$207,003 from related party) | $404,322 | $421,298 | $478,482 |
| Pass-through and other revenue | 72,087 | 76,767 | 52,519 |
| Total operating revenues | 476,409 | 498,065 | 531,001 |
| Operating expenses: | |||
| Flight operations | 184,472 | 216,748 | 177,038 |
| Maintenance | 184,725 | 199,648 | 201,930 |
| Aircraft rent | 7,797 | 6,200 | 36,989 |
| General and administrative | 44,248 | 48,765 | 43,966 |
| Depreciation and amortization | 40,041 | 60,359 | 81,508 |
| Asset impairment | 73,709 | 54,343 | 171,824 |
| Loss/(Gain) on sale of assets | 682 | (7,162) | (4,723) |
| Other operating expenses | 6,555 | 3,510 | 7,471 |
| Total operating expenses | 542,229 | 582,411 | 716,003 |
| Operating loss | (65,820) | (84,346) | (185,002) |
| Other income (expense), net: | |||
| Interest expense | (38,455) | (49,921) | (35,289) |
| Interest income | 68 | 146 | 139 |
| Gain on investments, net | 8,032 | — | — |
| Unrealized (loss)/gain on investments, net | (6,145) | 5,408 | (13,715) |
| Gain on extinguishment of debt | 2,954 | — | — |
| Gain on debt forgiveness | 10,500 | — | — |
| Other expense, net | (1,630) | (148) | (801) |
| Total other expense, net | (24,676) | (44,515) | (49,666) |
| Loss before taxes | (90,496) | (128,861) | (234,668) |
| Income tax expense/(benefit) | 519 | (8,745) | (51,990) |
| Net loss and comprehensive loss | $(91,015) | $(120,116) | $(182,678) |
| Net loss per share attributable to common shareholders | |||
| Basic | $(2.21) | $(3.04) | $(5.06) |
| Diluted | $(2.21) | $(3.04) | $(5.06) |
| Weighted-average common shares outstanding | |||
| Basic | 41,137 | 39,465 | 36,133 |
| Diluted | 41,137 | 39,465 | 36,133 |
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