Welcome to our dedicated page for Mesa Air Group news (Ticker: MESA), a resource for investors and traders seeking the latest updates and insights on Mesa Air Group stock.
Mesa Air Group (MESA), a leading regional air carrier operating under capacity purchase agreements with major airlines, provides essential passenger services across North America. This page serves as the definitive source for all official company announcements, financial updates, and operational developments.
Investors and industry professionals will find timely updates on earnings reports, fleet modernization initiatives, and strategic partnerships with carriers like United Express and American Eagle. Our curated news collection ensures access to verified information about pilot training programs, route expansions, and operational efficiency measures.
Key content categories include quarterly financial results, aircraft acquisition/retirement updates, leadership changes, and regulatory compliance developments. All materials maintain strict factual accuracy while avoiding speculative analysis or investment recommendations.
Bookmark this page for direct access to Mesa Air Group's latest press releases and news coverage. Check regularly for updates on regional aviation trends directly impacting MESA's operations and market position.
Mesa Air Group reported Q1 fiscal 2024 results with total operating revenues at $118.8 million, down 19.3% from Q1 2023. The company posted a pre-tax loss of $57.0 million and a net loss of $57.9 million or $(1.41) per diluted share. Adjusted net loss stood at $21.8 million or $(0.53) per diluted share. Mesa paid down $39.2 million in debt through asset sales and noted a 5% increase in block hours over Q4 2023. Following the quarter, Mesa agreed to higher block-hour rates with United Airlines and terminated its cargo operation with DHL. Mesa expects to turn a net profit in Q2 2024 and break even in cash flow for the fiscal year. The company also reported a decrease in operating expenses and reduced pilot attrition.
Mesa Air Group received a notice from Nasdaq on May 16, 2024, stating non-compliance with Listing Rule 5250(c)(1) due to a failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2024. This delay follows a prior delinquency for the period ended December 31, 2023. The company has until August 12, 2024, to file both reports to regain compliance. The delay is not due to any financial restatement or auditor disagreements, and the notice currently has no immediate impact on the listing or trading of Mesa's securities.
FAQ
What is the current stock price of Mesa Air Group (MESA)?
What is the market cap of Mesa Air Group (MESA)?
