Mesa Air Group Stock Price, News & Analysis

Mesa Air Group, parent company of Mesa Airlines (NASDAQ: MESA), announced that Jonathan Ornstein, Chairman and CEO, will engage in a Fireside Chat at Cowen’s 15th Annual Global Transportation & Sustainable Mobility Conference on September 7, 2022, from 2:20 to 2:50 PM EDT. A link to the live webcast will be available on the investor relations section of Mesa’s website. The company, headquartered in Phoenix, operates scheduled passenger and cargo services across 121 cities in the U.S., the Bahamas, and Mexico, with a fleet of 168 aircraft.

Mesa Air Group (NASDAQ: MESA) reported a net loss of $10.0 million, or $(0.28) per diluted share, for Q3 FY22, compared to net income of $4.3 million, or $0.11 per diluted share, in Q3 FY21. Total operating revenues increased by 7.4% to $134.4 million. The adjusted EBITDA was $20.1 million, significantly down from $35.3 million a year ago, affected by elevated pilot attrition and reduced commercial pilot pipeline. Mesa also recognized $6.8 million of previously deferred revenue in Q3. The company ended the quarter with $54.4 million in unrestricted cash.

Mesa Air Group, Inc. (NASDAQ: MESA) will release its third quarter earnings results for fiscal year 2022 on August 8, 2022, post-market closure. A conference call will follow at 4:30 PM ET the same day to discuss the results. Interested parties can dial 888-469-2054 to join, using the passcode PHOENIX (7463649). A listen-only webcast will be available on the company’s website, with a recorded version accessible roughly two hours after the call. Mesa operates a fleet of 168 aircraft, servicing 121 cities across 41 states and other regions.

Mesa Air Group, Inc. (NASDAQ: MESA) announced that its pilots in United's Aviate program can now earn service credit across all Mesa operations, including American Eagle. This change allows greater flexibility and potential for pilots to build flight hours with Mesa, enhancing their transition to United Airlines. Mesa expresses gratitude to United for this program expansion, which is seen as a key opportunity for pilot retention and attraction. Mesa operates a fleet of 166 aircraft with 376 daily departures serving 113 cities.

Mesa Airlines (NASDAQ: MESA) will hold a virtual Fireside Chat featuring CFO Torque Zubeck at BofA Securities’ 29th Annual Transportation, Airlines and Industrials Conference on May 17, 2022, at 1:20 PM Eastern time. Listeners can join the live audio webcast by accessing the link provided at least a few minutes prior to the start. A replay will be available for 60 days on the company’s investor relations website. The airline operates scheduled passenger and cargo services across 110 cities in the U.S., the Bahamas, and Mexico, utilizing a fleet of 166 aircraft.

Mesa Air Group, Inc. (NASDAQ: MESA) reported a significant net loss of $42.8 million or $(1.19) per diluted share for Q2 FY22, compared to a net income of $5.7 million or $0.14 per diluted share in Q2 FY21. The pre-tax loss was $55.2 million, with an adjusted net loss of $10.3 million, excluding a $39.5 million non-cash impairment charge. Despite a revenue increase to $123.2 million, a 26.7% year-over-year growth, increased pilot attrition and ongoing challenges impacted operational performance. Liquidity stands at $75.9 million in unrestricted cash.

Mesa Air Group, Inc. (NASDAQ: MESA) has appointed Amy Krallman as its new Vice President of Human Resources, effective April 22, 2022. Krallman brings over 20 years of HR experience from her previous role at 7-Eleven. She holds a bachelor's degree from Purdue University and a J.D. from Indiana University. Mesa Air, headquartered in Phoenix, operates a fleet of 166 aircraft and services 110 cities across the U.S. and beyond, under capacity purchase agreements with major airlines.

Mesa Air Group, Inc. (NASDAQ: MESA) will release its second quarter earnings results for fiscal year 2022 after the market closes on May 9, 2022. A conference call to discuss these results will take place on the same day at 4:30 PM ET, accessible via phone or a listen-only webcast on Mesa's website. As of March 31, 2022, the company operates 166 aircraft, providing scheduled passenger service to 110 cities across the U.S., Bahamas, and Mexico, as well as cargo services.

Mesa Airlines (NASDAQ: MESA) will host an audio webcast featuring its CFO, Torque Zubeck, at the Raymond James 43rd Annual Institutional Investors Conference in Orlando, Florida. The event is scheduled for March 8, 2022, at 11:00 AM Eastern Time. Interested participants can access the live session through the provided link. A replay will be available for 60 days on the company's investor relations website. Mesa Airlines operates a robust network, providing services to 114 cities with a fleet of 167 aircraft as of December 31, 2021.