<div id="readability-page-1"><div>Overview<ul><li>Mesa fiscal Q4 operating revenue declines 21.3% yr/yr to $90.7 mln</li><li>Company reports adjusted net loss of $2.1 mln for fiscal Q4</li><li>Mesa shareholders approve merger with Republic Airways, expected to close Nov 25, 2025</li></ul>Outlook<ul><li>Mesa expects merger with Republic to close on Nov 25, 2025</li></ul>Result Drivers<ul><li>CONTRACTUAL AIRCRAFT REDUCTION - Decrease in contractual aircraft with United Airlines led to lower contract revenue</li><li>ASSET SALES - Sale of CRJ-900 airframes and GE-34 engines contributed to debt repayment and lower revenue</li></ul>Key Details<div><table><tbody><tr><td>Metric</td><td>Beat/Miss</td><td>Actual</td><td>Consensus Estimate</td></tr><tr><td>Q4 Operating Revenue</td><td></td><td>$90.7 mln</td><td></td></tr><tr><td>Q4 Adjusted EPS</td><td></td><td>-$0.05</td><td></td></tr><tr><td>Q4 Adjusted Net Income</td><td></td><td>-$2.10 mln</td><td></td></tr><tr><td>Q4 Net Income</td><td></td><td>-$14.10 mln</td><td></td></tr><tr><td>Q4 Operating Expenses</td><td></td><td>$99.9 mln</td><td></td></tr><tr><td>Q4 Pretax Profit</td><td></td><td>-$11.60 mln</td><td></td></tr></tbody></table></div>Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</div></div>

MESA

RJET

Mesa Air's Q4 operating revenue declined by 21.3% year-over-year to $90.7 million. The company reported an adjusted net loss of $2.1 million for fiscal Q4. Mesa shareholders approved a merger with Republic Airways, expected to close on November 25, 2025. The revenue drop was driven by a decrease in contractual aircraft with United Airlines and the sale of CRJ-900 airframes and GE-34 engines. Operating expenses for Q4 were $99.9 million, leading to a pretax loss of $11.6 million.

Mesa Air's Q4 operating revenue drops 21.3%