MESA AIR GROUP INC
For the period ended Jun 30, 2025. Filed Aug 13, 2025.
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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, 2025 · Filed Aug 13, 2025
RJET$21.42+0.8%Stored close · as of Nov 10, 2026
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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, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Operating revenues: | ||||
| Contract revenue (2025 - $68,424 and $212,969 and 2024 - $93,867 and $301,796 from related party) | $69,940 | $95,596 | $219,041 | $310,516 |
| Pass-through and other revenue | 22,844 | 15,197 | 71,723 | 50,636 |
| Total operating revenues | 92,784 | 110,793 | 290,764 | 361,152 |
| Operating expenses: | ||||
| Flight operations | 36,551 | 45,455 | 108,021 | 146,602 |
| Maintenance | 41,417 | 44,266 | 131,483 | 137,165 |
| Aircraft rent | 98 | 1,684 | 3,038 | 4,296 |
| General and administrative | 11,585 | 9,715 | 32,588 | 32,857 |
| Depreciation and amortization | 3,377 | 9,730 | 17,311 | 32,846 |
| Asset impairment | (52) | 7,880 | 111,786 | 50,923 |
| Loss on sale of assets | — | — | 54,397 | 150 |
| Other operating expenses | (46) | 1,090 | 335 | 5,098 |
| Total operating expenses | 92,930 | 119,820 | 458,959 | 409,937 |
| Operating loss | (146) | (9,027) | (168,195) | (48,785) |
| Other income (expense), net: | ||||
| Interest expense | (3,256) | (9,032) | (15,654) | (30,832) |
| Interest income | 74 | 17 | 115 | 45 |
| (Loss) gain on investments | — | (776) | — | 6,454 |
| Unrealized loss on investments, net | — | (2,025) | (53) | (6,073) |
| Gain on extinguishment of debt | — | — | — | 2,954 |
| Gain on debt forgiveness | — | — | 4,500 | 10,500 |
| Other income (expense), net | 23,946 | 125 | 21,126 | (234) |
| Total other income (expense), net | 20,764 | (11,691) | 10,034 | (17,186) |
| Income (loss) before taxes | 20,618 | (20,718) | (158,161) | (65,971) |
| Income tax (benefit) expense | (238) | (810) | (5,829) | 126 |
| Net income (loss) and comprehensive income (loss) | $20,856 | $(19,908) | $(152,332) | $(66,097) |
| Net income (loss) per share attributable to | ||||
| common shareholders | ||||
| Basic | $0.50 | $(0.48) | $(3.68) | $(1.61) |
| Diluted | $0.50 | $(0.48) | $(3.68) | $(1.61) |
| Weighted-average common shares outstanding | ||||
| Basic | 41,439 | 41,217 | 41,368 | 41,075 |
| Diluted | 41,683 | 41,217 | 41,368 | 41,075 |
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