A Business at a Glance
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Headquartered in Phoenix, Arizona, Mesa Air Group, Inc. ("Mesa," the "Company," "we," "our," or "us") is the holding company of Mesa Airlines, a regional air carrier providing scheduled passenger service to 67 cities in 34 states, Cuba, and Mexico. As of September 30, 2024, Mesa operated a fleet of 67 regional aircraft consisting of 55 E-175 aircraft and 12 CRJ-900 aircraft with approximately 265 daily departures. During fiscal year 2024, Mesa’s fleet were conducted under our Capacity Purchase Agreement ("CPA") with United and Flight Services Agreement ("FSA") with DHL Network Operations (USA), inc. ("DHL"), leased to a third party, held for sale or maintained as operational spares. Mesa operates all of its flights as United Express flights pursuant to the terms of the CPA entered into with United. Prior to the voluntary wind-down of the FSA with DHL on March 1, 2024, Mesa also operated flights as DHL Express flights pursuant to the terms of the FSA.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 389M | 476M | 498M | 531M | 504M | 545M |
| Net Income | -72M | -91M | -120M | -183M | 17M | 27M |
| EPS | $-25.95 | $-33.15 | $-45.60 | $-75.90 | $6.45 | $11.70 |
| Free Cash Flow | -32M | 14M | -61M | -27M | 116M | 148M |
| ROIC | -188.5% | - | - | -22.5% | 4.4% | 5.5% |
| Gross Margin | - | - | - | - | 99.8% | 99.9% |
| Debt/Equity | 0.00 | - | - | 2.26 | 1.33 | 1.60 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -79M | -66M | -84M | -185M | 63M | 80M |
| Operating Margin | -20.2% | -13.8% | -16.9% | -34.8% | 12.5% | 14.7% |
| ROE | 0.0% | - | - | -45.9% | 3.5% | 6.0% |
| Shares Outstanding | 3M | 3M | 3M | 2M | 3M | 2M |
REPUBLIC AIRWAYS HOLDINGS INC. passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 3.8x vs a median of 2.9x. The company's 5-year average gross margin is 99.8%. At current prices, the estimated annualized return to fair value is -20.1%.
REPUBLIC AIRWAYS HOLDINGS INC. (RJET) has a 5-year average return on invested capital (ROIC) of -4.2%. This is below average and may indicate limited pricing power.
REPUBLIC AIRWAYS HOLDINGS INC. (RJET) has a market capitalization of $54M. It is classified as a small-cap stock.
REPUBLIC AIRWAYS HOLDINGS INC. (RJET) does not currently pay a regular dividend.
REPUBLIC AIRWAYS HOLDINGS INC. (RJET) operates in the Air Transportation, Scheduled industry, within the Industrials sector.
REPUBLIC AIRWAYS HOLDINGS INC. (RJET) reported annual revenue of $476 million in its most recent fiscal year, based on SEC EDGAR filings.
REPUBLIC AIRWAYS HOLDINGS INC. (RJET) has a net profit margin of -19.1%. The company is currently unprofitable.
REPUBLIC AIRWAYS HOLDINGS INC. (RJET) generated $14 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
REPUBLIC AIRWAYS HOLDINGS INC. (RJET) reported earnings per share (EPS) of $-33.15 in its most recent fiscal year.
REPUBLIC AIRWAYS HOLDINGS INC. (RJET) has a 5-year average gross margin of 99.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 9 years of financial data for REPUBLIC AIRWAYS HOLDINGS INC. (RJET), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.