m_and_a
confidence high
sentiment positive
materiality 0.85
Mesa Air Group Reports Q3 Fiscal 2025 GAAP Net Income of $20.9M and Merger Update with Republic
REPUBLIC AIRWAYS HOLDINGS INC.
- Q3 FY2025 total operating revenues of $92.8M and GAAP net income of $20.9M ($0.50 per diluted share).
- Adjusted net loss (non-GAAP) of $0.6M, excluding $25.1M gain on warrant liabilities.
- HSR waiting period for proposed merger with Republic Airways expired June 16, 2025; combined revenue estimated at $1.8B-$2.0B.
- Sold surplus CRJ assets for gross proceeds of $17.2M in June quarter and $11.7M subsequent to quarter end.
- Controllable completion factor of 99.99% for United; operated 60 E-175 jets under CPA.
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