Logotype for Mesa Air Group Inc

Mesa Air Group (MESA) investor relations material

Mesa Air Group Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Mesa Air Group Inc
Q3 2025 earnings summary13 Aug, 2025

Executive summary

  • Net income of $20.9 million for the quarter ended June 30, 2025, reversing a prior year loss; nine-month net loss of $152.3 million due to asset sales and impairments.

  • Operating loss of $0.1 million for the quarter, improved from $9.0 million loss year-over-year; nine-month operating loss worsened to $168.2 million from $48.8 million.

  • Achieved single-fleet E-175 operation, retraining 160 pilots, and increased daily block hour utilization by 15.4% year-over-year.

  • Closed asset sales totaling $17.2 million in Q3 and $11.7 million post-quarter, using proceeds to repay U.S. Treasury debt.

  • Merger with Republic Airways progressing, with regulatory waiting period expired and stockholder consents obtained.

Financial highlights

  • Q3 2025 operating revenue decreased 16.3% year-over-year to $92.8 million, driven by reduced contractual aircraft with United and asset dispositions.

  • For the nine months, total operating revenue fell 19.5% to $290.8 million; contract revenue down 29.5%, pass-through and other revenue up 41.6%.

  • Adjusted EBITDA for the quarter was $6.0 million, down from $6.1 million year-over-year; nine-month Adjusted EBITDA was $25.3 million, down from $40.8 million.

  • Cash and cash equivalents at June 30, 2025 were $42.5 million, up from $15.6 million at September 30, 2024.

  • Ended Q3 with $113.7 million in total debt, down from $366.4 million a year earlier.

Outlook and guidance

  • Management implemented measures to address liquidity, including asset sales, debt reduction, and cost deferrals, and believes these will allow the company to meet obligations for the next twelve months.

  • Combined company post-merger expected to generate $1.8B–$2.0B in annual revenue and over $300M in pro forma cash, with $1.1B in debt.

  • 60 E-175 aircraft to be supported by a new 10-year capacity purchase agreement with United Airlines post-merger.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Mesa Air Group earnings date

Logotype for Mesa Air Group Inc
Q4 202519 Dec, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Mesa Air Group earnings date

Logotype for Mesa Air Group Inc
Q4 202519 Dec, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

The Company operates through three segments: Mesa Airlines, ManaAir and Other. The Company’s subsidiaries operate as separate airlines, including but not limited to, Mesa Airlines and ManaAir. The Mesa Airlines segment is engaged in providing regional air carrier services under agreements with the United and US Airways pursuant to which it operates as a brand of one of their wholly owned subsidiaries. The ManaAir segment is engaged in providing regional air carrier services under agreements with American pursuant to which it operates as a brand of one of its wholly owned subsidiaries. It provides all scheduled passenger flights for American Eagle through its contracts.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage