Mesa Air Group Reports Fiscal Third Quarter 2025 Net Profit of $20.9 Million or $0.50 per Diluted Share

Mesa Air Group has reported a fiscal third quarter 2025 net profit of $20.9 million or $0.50 per diluted share on revenue of $92.8 million, down from $110.8 million during Q3 FY24.  At June 30, 2025, the carrier had $42.5 million in unrestricted cash and cash equivalents.

On Wednesday (August 13, 2025) Mesa Air Group reported their fiscal third quarter financial results for the period ending June 30, 2025.  The company reported a fiscal third quarter net profit of $20.9 million or $0.50 per diluted share on a year-over-year decrease in revenue of 16 percent to $92.8 million.  The Group ended the June 2025 quarter with $42.5 million in unrestricted cash and cash equivalents, and $113.7 million in total debt, secured primarily with aircraft and engines, compared to a balance of $366.4 million as of June 30, 2024.  During the quarter, Mesa paid $17.9 million in debt, comprising of payments related to CRJ asset sale transactions and scheduled obligations.  For Q3 FY2025, the company operated 60 large 70 and 76 seat Embraer E-175 jets under their CPA with United Airlines.

In Wednesday’s announcement, Mesa Air Group’s Chairman and CEO, Jonathan Ornstein, said,

“Mesa’s third-quarter results reflect the significant operational and financial restructuring that we have undergone.  We now operate a single fleet type of Embraer 175s, simplifying our operations.  Along with the normalization of pilot resources since last year, we increased our daily block hour utilization in the third quarter to 9.8 hours, up 15.4% year-over-year and 5.1% sequentially and a level consistent with our regional peers.  All of our CRJ crews are now trained on E-Jet flying, and we anticipate stabilized utilization moving forward.

“We also continue to strengthen our balance sheet and reduce interest expense through the sale of surplus CRJ assets.  As a result of our improved operational and financial profile, we reported third-quarter GAAP net income of $20.9 million, and our near-breakeven adjusted net loss would have been a profit, if not for continuing costs of CRJ-900 aircraft and engines that have been agreed upon to be sold but have not yet closed.  This performance makes us increasingly optimistic about the enhanced path forward for Mesa’s people and stockholders under our proposed merger with Republic.”

During the fiscal third quarter, Mesa closed on the sales of 13 spare engines that were previously agreed to be sold, and six surplus CRJ-900 airframes that were previously agreed to be sold for gross proceeds of $17.2 million.  Subsequent to the quarter, the company closed on the sales of 8 spare engines and five surplus CRJ-900s airframes that were previously agreed to be sold for gross proceeds of $11.7 million.  Proceeds from all transactions were used to repay U.S. Treasury debt.

Phoenix, Arizona-based Mesa Air Group, Inc. is the holding company of Mesa Airlines, a regional carrier providing scheduled passenger service to 79 cities in 31 states, Cuba, and Mexico.  At June 30, 2025, Mesa operated a fleet of 60 Embraer 175 regional aircraft, with approximately 254 daily departures. The Company has approximately 1,645 employees, and operates all flights as United Express under the terms of a capacity purchase agreement with United Airlines.

Source: Mesa Air Group/Globe Newswire