Mesa Air Group, Inc. reported a pre-tax loss of $11.6 million and a net loss of $14.1 million for the quarter ending September 30, 2025. The company operated at a 100% controllable completion factor and generated an adjusted EBITDAR of $3.7 million, with total operating revenues of $90.7 million. Asset transactions included sales of spare engines and aircraft for gross proceeds of $19.6 million.

The merger between Mesa and Republic Airways Holdings Inc. is expected to close on November 25, 2025. Mesa stockholders approved all proposals related to the merger, with Mesa authorizing a 15-for-1 Reverse Stock Split of issued and outstanding Common Stock. The merger will see Common Stock trading under the Nasdaq symbol “RJET” following the close.

Jonathan Ornstein, Mesa Chairman and CEO, expressed satisfaction with the progress towards the merger, highlighting a stabilized financial position with efforts to enhance utilization and block-hour production. Mesa reported a net loss of $14.1 million for the quarter, compared to $24.9 million in the previous year, with adjusted EBITDA of $3.3 million.

Republic Airways Holdings Inc. reported an increase in block hours and departures for the nine months ending September 30, 2025. The company achieved a 16.4% increase in block hours compared to the previous year, with 246 aircraft committed to its Partners operations. Total revenues for Republic reached $1.2 billion for the same period, with an operating income of $134.2 million.

Read more at GlobeNewswire: Mesa Air Group Reports Results for the Three and Nine