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

Posted by Francis Steltz on Jul 31st, 2026

Mesa Air Group (NASDAQ:RJET – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.89 earnings per share (EPS) for the quarter, FiscalAI reports. Mesa Air Group had a net margin of 3.29% and a return on equity of 6.13%. The business had revenue of $571.10 million for the quarter.

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

Positive Sentiment: Republic raised its 2026 outlook, now expecting approximately 880,000 block hours, more than $2.1 billion in revenue, and adjusted EBITDAR of $395 million–$405 million, despite severe July weather disruptions.
Positive Sentiment: Second-quarter adjusted net income was $41.3 million, or $0.89 per diluted share, while revenue increased 8% to approximately $571 million as stronger partner demand and improved weather drove block-hour production up nearly 7% sequentially.
Positive Sentiment: The Republic-Mesa integration remains ahead of schedule, with FAA approval received for the first of five revision cycles and Mesa’s operations center expected to move to Republic’s Indiana campus in the third quarter.
Positive Sentiment: Management expects Mesa’s fleet maintenance improvements to increase fleet utilization by more than 10% once fully implemented in late 2027 or 2028, potentially adding aircraft availability and improving both revenue and margins.
Neutral Sentiment: Republic ended the quarter with $278 million in unrestricted cash and $1.2 billion of debt and lease liabilities, while labor discussions with pilots remain ongoing and mechanics have recently elected the IBT as their bargaining representative.

Mesa Air Group Price Performance

RJET opened at $21.77 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.75 and a current ratio of 0.94. Mesa Air Group has a one year low of $15.36 and a one year high of $26.70. The business’s 50-day simple moving average is $19.12 and its 200-day simple moving average is $19.06. The stock has a market capitalization of $1.02 billion, a P/E ratio of 23.16 and a beta of 1.61.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Mesa Air Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Check Out Our Latest Stock Analysis on Mesa Air Group

Institutional Investors Weigh In On Mesa Air Group

A hedge fund recently bought a new position in Mesa Air Group stock. Geode Capital Management LLC purchased a new stake in Mesa Air Group, Inc. (NASDAQ:RJET – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 24,061 shares of the company’s stock, valued at approximately $442,000. Geode Capital Management LLC owned 0.09% of Mesa Air Group as of its most recent SEC filing. 13.34% of the stock is currently owned by institutional investors and hedge funds.

Mesa Air Group Company Profile

(Get Free Report)

Mesa Air Group, Inc is a regional airline holding company headquartered in Phoenix, Arizona. The company provides feeder air transportation services under capacity purchase agreements with major carriers in the United States, operating as an affiliate of American Airlines and United Airlines. Mesa Air Group’s operations are conducted through two wholly owned subsidiaries, Mesa Airlines and Mokulele Airlines, which serve domestic markets on a scheduled basis.

Mesa Airlines is the company’s primary regional carrier.