Reports Q2 revenue $2.74B, consensus $2.49B. “In the March 2025 quarter, Mesa posted our sixth straight quarter of positive EBITDA and EBITDAR performance, along with our third consecutive quarter of improving block-hour-per-day utilization, which is expected to be 9.8 in the June 2025 quarter,” said Jonathan Ornstein, Mesa chairman and CEO. “Notably, we flew our final CRJ-900 flight during February, culminating a multi-year transition of our operations. Mesa was the worldwide launch customer for the CRJ-900 and flew the first flight in 2003. Our United fleet now consists exclusively of 60 E-175 aircraft, and when combined with Republic Airways’ fleet upon the closing of our announced transaction, will create one of the world’s leading Embraer operators.”
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