Mesa Air reports Q1 adjusted EPS (10c) vs. (53c) last year

Reports Q1 revenue $103.2M vs. $118.8M last year. Operated at a 100.00% controllable completion factor; Scheduled utilization for the quarter of 8.9 block hours per day. “Mesa continued to have strong operational performance during the December 2024 quarter,” said Jonathan Ornstein, Mesa Chairman and CEO. “We are pleased to have flown a 100% controllable completion factor for United. We continued to make financial progress and generated positive adjusted EBITDA and adjusted EBITDAR for the fifth consecutive quarter, highlighting improving operating profitability as we continued to wind down our CRJ operations. Working closely with United’s network planning group, Mesa anticipates block hour utilization will be 9.8 in the June quarter, up from 9.4 in the March quarter, and 8.9 in the December quarter.”