m_and_a
confidence high
sentiment neutral
materiality 0.80
Mesa Air reports Q4 loss; merger with Republic closes Nov 25, symbol to RJET
REPUBLIC AIRWAYS HOLDINGS INC.
- Merger with Republic Airways expected to close Nov 25, 2025; stock to trade as RJET.
- 15-for-1 reverse stock split effective after market close Nov 24; trading begins under RJET Nov 25.
- Q3 FY2025 revenue $90.7M, net loss $14.1M ($0.34/share); adjusted net loss $2.1M.
- Closed sales of 13 engines, 9 surplus CRJs in Q3; post-quarter sold 12 CRJs and 14 engines for $19.1M.
- Total debt reduced to $95.2M from $315.2M a year ago; $38.7M unrestricted cash at Sep 30.