Mesa Air Group, Inc. (MESA) Earnings History
Net Loss35 years of earnings data (1991–2025) · Currently unprofitable on a TTM basis
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Mesa Air Group, Inc. (MESA) Earnings Overview
As of June 23, 2026, Mesa Air Group, Inc. (MESA) reported trailing twelve-month net income of -$166M, reflecting -82.4% year-over-year growth. The company earned $-3.98 per diluted share over the past four quarters, with a net profit margin of -39.9%.
Looking at the long-term picture, MESA's historical earnings data spans multiple years. The company achieved its highest annual net income of $57M in fiscal 2005.
Mesa Air Group, Inc. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including SKYW ($429M net income, 10.6% margin), ULCC (-$366M net income, -3.7% margin), SNCY ($40M net income, 4.7% margin), MESA has room to improve margins relative to the peer group. Compare MESA vs SKYW →
MESA Earnings vs Peers
Earnings metrics vs comparable public companies
MESA Historical Earnings Data (1991–2025)
28 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$152M | -67.4% | -$177M | $-4.03 | -39.9% | -46.5% |
| 2024 | -$91M | +24.2% | -$66M | $-2.21 | -19.1% | -13.8% |
| 2023 | -$120M | +34.2% | -$84M | $-3.04 | -24.1% | -16.9% |
| 2022 | -$183M | -1201.3% | -$185M | $-5.06 | -34.4% | -34.8% |
| 2021 | $17M | -39.6% | $63M | $0.43 | 3.3% | 12.5% |
| 2020 | $27M | -42.3% | $80M | $0.78 | 5.0% | 14.7% |
| 2019 | $48M | +43.1% | $121M | $1.36 | 6.6% | 16.7% |
| 2018 | $33M | +1.3% | $73M | $1.32 | 4.9% | 10.7% |
| 2017 | $33M | +120.0% | $100M | $0.94 | 5.1% | 15.6% |
| 2016 | $15M | +151.2% | $57M | $0.43 | 2.5% | 9.7% |
| 2008 | -$29M | +64.2% | $10M | $-1.07 | -2.2% | 0.8% |
| 2007 | -$82M | -340.1% | -$74M | $-2.63 | -6.3% | -5.7% |
| 2006 | $34M | -40.3% | $90M | $0.84 | 2.6% | 7.0% |
| 2005 | $57M | +116.4% | $129M | $1.35 | 5.0% | 11.4% |
| 2004 | $26M | -6.0% | $67M | $0.70 | 2.9% | 7.5% |
| 2003 | $28M | +400.4% | $42M | $0.83 | 4.7% | 7.0% |
| 2002 | -$9M | +80.6% | $20M | $-0.28 | -1.9% | 4.1% |
| 2001 | -$48M | -217.9% | -$70M | $-1.50 | -9.2% | -13.4% |
| 2000 | $41M | +404.1% | $42M | $1.23 | 8.6% | 8.8% |
| 1999 | -$13M | +73.4% | $2M | $-90.00 | -3.3% | 0.5% |
| 1998 | -$50M | -0.3% | -$39M | $-357.75 | -10.2% | -7.9% |
| 1997 | -$50M | -265.4% | -$54M | $-373.50 | -8.7% | -9.4% |
| 1996 | $30M | +117.0% | $48M | $225.00 | 6.1% | 9.6% |
| 1995 | $14M | -49.4% | $30M | $94.50 | 3.1% | 6.5% |
| 1994 | $28M | +4.9% | -$77M | $173.25 | 7.0% | -19.5% |
| 1993 | $26M | +84.6% | $42M | $173.25 | 7.5% | 11.8% |
| 1992 | $14M | +210.9% | $26M | $114.75 | 4.5% | 8.1% |
| 1991 | $5M | - | $8M | $85.50 | 5.9% | 10.2% |
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MESA — Frequently Asked Questions
Quick answers to the most common questions about buying MESA stock.
What is MESA earnings per share (EPS)?
MESA trailing twelve-month (TTM) diluted EPS is $-3.98, reflecting -82.4% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 1991 to 2025 is available in the table on this page.
What is Mesa Air Group, Inc.'s net income?
Mesa Air Group, Inc. (MESA) trailing twelve-month net income is $-166M as of 2025. Earnings declined -82.4% year-over-year.
Is MESA profitable?
MESA is not currently profitable on a TTM basis, reporting a net loss of $-166M. Net margin is -39.9%. Investors should monitor for a return to profitability.
What is MESA's earnings growth rate?
MESA compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1991 to 2025.
What are MESA's profit margins?
Mesa Air Group, Inc. net profit margin is -39.9%, operating margin is -46.5%, and gross margin is +99.1%. Below-average margins reflect competitive or cost pressures. Return on Equity is -528.9%.
Is MESA growing earnings?
MESA earnings are declining — EPS fell -82.4% year-over-year. TTM net income dropped to $-166M. This contrasts with the 5-year CAGR of N/A.
What was MESA's best earnings year?
Mesa Air Group, Inc.'s highest annual net income on record is $57M, achieved in fiscal year 2005. Earnings history on this page spans 1991 to 2025 and includes all annual and quarterly figures.
What were MESA's earnings last quarter?
MESA's most recent reported quarter was Q4 2025. Net income was $-14M with diluted EPS of $-0.34. For a full breakdown of all quarters, see the quarterly earnings table on this page.