How did Mesa Labs' revenue and expenses trend in Q1 2025?

**Mesa Air Group's revenue and expenses for Q1 2025 are not currently available**. However, insights into the company's financial health and recent transactions can be provided.

1. **Revenue Situation**:
- Mesa Air Group's revenue figures for Q1 2025 are not available.
- The company's recent merger with Republic Airways Holdings Inc. is a significant event that may impact future revenue trends. The combined entity is expected to have a projected revenue of $1.9 billion.

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|MESA|MESA.O|Mesa Air Group|2024 Q2|8.001050609846185|1.31582E8|186|
|MESA|MESA.O|Mesa Air Group|2024 Q3|-3.398697369453575|1.10793E8|186|

2. **Expense Trends**:
- Similarly, the total expenses for Q1 2025 are not available.
- Mesa Air has been under financial pressure, with a debt-to-equity ratio of 2.74 and a negative free cash flow of $12.59 million in the last twelve months.
- The company's sale of aircraft and airframes is a strategic move to address financial challenges, with gross proceeds from these sales expected to reduce debt and improve liquidity.

3. **Recent Strategic Moves**:
- Mesa Air's merger with Republic Airways Holdings Inc. is a significant development that could impact future revenue and expense trends. The combined company is expected to have enhanced operational scale and financial strength.
- The sale of aircraft and airframes to United Airlines and an undisclosed party is another strategic move aimed at generating cash and improving financial health.

In conclusion, while specific revenue and expense figures for Q1 2025 are not available, it is clear that Mesa Air Group has been actively managing its financial affairs through strategic transactions. The merger with Republic Airways Holdings Inc. and the sale of aircraft to United Airlines are expected to have a positive impact on the company's future financial performance.