MESA News & Events

Operationally, the Company reported a controllable completion factor of 100.00% for United during the September 2025 quarter. This is compared to a controllable completion factor of 99.88% for United during the September 2024 quarter. Controllable completion factor excludes cancellations due to weather and air traffic control. For the September 2025 quarter, the Company operated 60 large E-175 jets under its CPA with United.

For the nine months ended September 30, 2025, Republic generated approximately $227 million in adjusted EBITDA, and Mesa generated $18 million in adjusted EBITDA over the same nine-month period, for a total of $245 million; At a special meeting on November 17, 2025, Mesa stockholders approved all proposals related to the Merger; Merger expected to close on November 25, 2025, with Common Stock to trade under the Nasdaq symbol "RJET" following Merger close; Mesa authorized a 15-for-1 Reverse Stock Split of issued and outstanding Common Stock. The Reverse Stock Split is expected to occur after market close on November 24, 2025, with the Common Stock trading on a post-split basis under the Company's expected new Nasdaq trading symbol, "RJET", at the market open on November 25, 2025.

Reports Q3 revenue $90.7M vs. $115.3M last year. "We are pleased to be at the finish line for closing of the merger of Mesa with Republic," said Jonathan Ornstein, Mesa Chairman and CEO. "I want to thank all of the people and partners that have supported Mesa for the past four decades as well as helped us reach this outcome today. Our recent results have demonstrated a stabilized operating and financial position, driven by our efforts to enhance utilization and block-hour production, sell surplus assets, and repay over two-thirds of our debt principal over the past year. With the start of the new and enhanced capacity purchase agreement with United Airlines that will run for the next ten years, I look forward to legacy Mesa operations supporting day-one benefits and long-run value creation for the newly combined company."