MESA AIR GROUP INC

For the period ended Dec 31, 2024. Filed May 19, 2025.

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, 2024 · Filed May 19, 2025

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,
	2024	2023
Operating revenues:
Contract revenue ($78,569 and $96,412 from related party)	$80,678	$101,100
Pass-through and other revenue	22,555	17,677
Total operating revenues	103,233	118,777
Operating expenses:
Flight operations	35,273	51,818
Maintenance	46,527	48,627
Aircraft rent	1,616	1,204
General and administrative	9,519	12,009
Depreciation and amortization	7,979	13,293
Asset impairment	65,665	40,384
Loss on sale of assets	46,691	386
(Gain) on extinguishment of debt	—	(2,954)
Other operating expenses	760	2,458
Total operating expenses	214,030	167,225
Operating loss	(110,797)	(48,448)
Other expense, net:
Interest expense	(7,064)	(11,160)
Interest income	17	14
Unrealized (loss)/gain on investments, net	(42)	2,451
Gain on debt forgiveness	4,500	—
Other (expense) income, net	(2,900)	157
Total other expense, net	(5,489)	(8,538)
Loss before taxes	(116,286)	(56,986)
Income tax (benefit)/expense	(1,728)	864
Net loss and comprehensive loss	$(114,558)	$(57,850)
Net loss per share attributable to
common shareholders
Basic	$(2.77)	$(1.41)
Diluted	$(2.77)	$(1.41)
Weighted-average common shares outstanding
Basic	41,332	40,940
Diluted	41,332	40,940

ContentsView on SEC.gov

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