Overview

* Mesa fiscal Q3 2025 rev falls 16.3% yr/yr, driven by reduced United contracts

* Co reports GAAP net income of $20.9 mln, reflecting operational restructuring

* Proposed merger with Republic Airways expected to enhance financial profile

Outlook

* Mesa ( MESA ) expects combined annual revenue of $1.8 bln to $2.0 bln post-merger

* Company anticipates pro forma cash balance to exceed $300 mln post-merger

* Mesa ( MESA ) expects pro forma debt balance of approximately $1.1 bln post-merger

* New 10-year capacity purchase agreement with United Airlines post-merger

Result Drivers

* REVENUE DECLINE - Reduced contractual aircraft with United Airlines led to lower contract revenue

* OPERATIONAL EFFICIENCY - Achieved 99.99% controllable completion factor and increased block hour utilization

* ASSET SALES - Sale of surplus CRJ assets contributed to debt repayment and reduced interest expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $92.80

Operatin mln

g

Revenue

Q3 -$600,00

Adjusted 0

Net

Income

Q3 Net $20.90

Income mln

Q3 $6.10

Adjusted mln

EBITDA

Q3 $92.90

Operatin mln

g

Expenses

Q3 $20.60

Pretax mln

Profit

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)