Mesa Air Group Reports Q3 2025 Results, Approves Merger with Republic Airways

Mesa Air Group reported Q3 2025 revenue of $90.7 million, a pre-tax loss of $11.6 million, and a net loss of $14.1 million. Adjusted net loss was $2.1 million, and adjusted EBITDAR was $3.7 million. The company operated at a 100% controllable completion factor and an on-time arrival rate of 81.8%. Mesa also provided updates on its merger with Republic Airways Holdings and authorized a 15-for-1 reverse stock split.