Mesa Air Group (MESA, Financial) announced its first-quarter revenue of $103.2 million, showing a decrease compared to $118.8 million from the previous year. Despite the revenue drop, the company achieved a 100% controllable completion factor, maintaining robust operational capabilities during the December 2024 quarter.
The airline reported scheduled utilization of 8.9 block hours per day for the period. Mesa's leadership expressed satisfaction with the operational performance, particularly with the flawless completion factor for United Airlines flights. Additionally, the company noted progress in financial results, reaching positive adjusted EBITDA and adjusted EBITDAR for the fifth straight quarter, reflecting ongoing profitability improvements as they phase out CRJ operations.
The airline is optimizing its partnership with United Airlines, anticipating block hour utilization to rise to 9.8 in the June quarter, following an increase to 9.4 in the March quarter from 8.9 in December. Such enhancements underscore Mesa's commitment to improving operational efficiency and financial performance.
