Mesa Air Group (NASDAQ:RJET) Issues Quarterly Earnings Results

Mesa Air Group (NASDAQ:RJET) posted its quarterly earnings data on Thursday. The company reported $0.85 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $553.50 million during the quarter. Mesa Air Group had a return on equity of 7.07% and a net margin of 2.96%.

Here are the key takeaways from Mesa Air Group’s conference call:

• Full-year 2026 guidance was raised to adjusted EBITDAR of $410 million-$420 million, up from $395 million-$405 million, with adjusted earnings expected to exceed $3.30 per diluted share.
• Republic reached a six-year agreement with American Airlines to place five additional E170 aircraft into service beginning in December, while partner demand remains strong and 26 Embraer delivery positions provide future growth flexibility.
• The Mesa integration continued to advance, including consolidation of operations and maintenance functions, FAA acceptance of the second revision cycle, and approximately 40% improvement in heavy-check turnaround times year over year.
• The company strengthened its balance sheet, ending the quarter with $290 million of unrestricted cash, $863 million of net debt, and net leverage of 2.2 times versus 2.8 times a year earlier.
• Third-quarter completion factor fell to 94.6% from 98.2% in the prior quarter due largely to severe Northeast weather and air traffic control disruptions, while supply-chain constraints and ongoing Mesa integration costs are expected to persist into early 2028.

Mesa Air Group Stock Performance

Shares of NASDAQ RJET traded up $1.35 during trading on Thursday, reaching $19.83. 91,987 shares of the company traded hands, compared to its average volume of 120,734. The stock has a market capitalization of $928.44 million, a PE ratio of 22.79 and a beta of 1.61. The firm has a 50 day simple moving average of $17.68 and a 200-day simple moving average of $18.81. Mesa Air Group has a 52-week low of $15.36 and a 52-week high of $26.70. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 0.63.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Mesa Air Group from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Mesa Air Group Company Profile

Mesa Air Group, Inc is a regional airline holding company whose principal operating subsidiary is Mesa Airlines, Inc Mesa Airlines provides scheduled passenger air service for major airline partners under capacity-purchase and code-sharing agreements. Its operations have primarily been conducted under the United Express brand, with the company also having operated flights for partners including American Airlines, US Airways and Delta Air Lines at various points in its history.

Based in Phoenix, Arizona, Mesa Airlines serves destinations across the United States and has historically operated regional jet aircraft, including Bombardier CRJ and Embraer E-Jet models.