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, Inc. (NASDAQ: MESA) has been an active issuer of operational and corporate updates as a regional airline holding company for Mesa Airlines, which flies as United Express under capacity purchase agreements with United Airlines, Inc. News about Mesa frequently centers on quarterly and annual financial results, fleet changes, and the performance of its Embraer 175 regional jet operations.
Recent press releases highlight Mesa’s transition to a single E-175 fleet, the wind-down and sale of surplus CRJ-900 aircraft and engines, and the use of asset sale proceeds to repay debt, including obligations under a loan agreement originally entered into with the U.S. Treasury. The company’s news also emphasizes operating statistics such as controllable completion factor, block-hour utilization, and daily departures, reflecting its focus on reliability and efficiency in United Express flying.
A major theme in Mesa’s recent news flow is its merger with Republic Airways Holdings Inc. The companies announced a definitive all-stock merger agreement, and Mesa subsequently reported key milestones such as the filing of a registration statement on Form S-4/S-1, the expiration of Hart-Scott-Rodino review periods, shareholder approval of the merger proposals, and the expected and then completed closing of the transaction. Post-merger communications reference the surviving corporation under the name Republic Airways Holdings Inc. and the anticipated Nasdaq trading symbol RJET.
Investors and followers of MESA-related news can expect coverage of earnings releases, non-GAAP financial reconciliations, updates on fleet and asset transactions, amendments to financing arrangements, Nasdaq listing notices, and detailed information about the integration of Mesa’s operations into the larger Republic platform. This news page aggregates those announcements to provide a structured view of Mesa’s historical performance and its transformation through the merger with Republic Airways Holdings Inc.
Mesa Air Group, Inc. (NASDAQ: MESA) reported Q4 and full-year 2022 results, revealing total operating revenues of $125.6 million for Q4, a decline from $130.8 million in Q4 2021. The company faced a net loss of $115.6 million, or $(3.18) per share, compared to a loss of $7.5 million in the prior year. For the full year, revenues rose to $531.0 million, but net losses deepened to $182.7 million, reflecting a challenging operational environment highlighted by pilot shortages and increased expenses. New agreements with United Airlines are expected to enhance growth prospects going forward.
Mesa Air Group, Inc. (NASDAQ: MESA) is set to release its 2022 fourth quarter and fiscal year end earnings on December 29, 2022, after market close. A conference call will follow on the same day at 4:30 pm Eastern Time to discuss the results. Interested parties can join the call at 888-469-2054 using passcode PHOENIX (7463649). A listen-only webcast will also be available on Mesa’s website, with a recorded version accessible about two hours after the call.
Mesa Air Group (NASDAQ: MESA) announced a restructuring plan due to ongoing unprofitable operations with American Airlines, largely driven by higher pilot wages and penalties. The company will cease operations with American on April 3, 2023, and finalize a five-year agreement with United Airlines, potentially increasing its fleet to 38 CRJ-900 aircraft. The agreement aims to boost revenue and improve financial stability, adding 100 regional jet flights to United's network. Mesa is also finalizing the sale of 19 aircraft to enhance liquidity and reduce debt.
Mesa Air Group (NASDAQ: MESA) announced it will file a Form 12b-25 with the SEC, granting an additional 15 days to submit its annual report (2022 10-K) for the fiscal year ending September 30, 2022. The initial deadline was December 14, 2022, and the new deadline is December 29, 2022. The company is also canceling its scheduled earnings release and call originally set for December 12, 2022. Mesa operates as a regional air carrier with a fleet of 158 aircraft, servicing 107 cities across the U.S., the Bahamas, and Mexico, under capacity purchase agreements with major airlines.
Mesa Air Group, Inc. (NASDAQ: MESA) is set to release its 2022 fourth quarter and fiscal year-end earnings on December 12, 2022, after market close. The company will also host a conference call at 4:30 PM ET the same day, accessible via phone and a listen-only webcast on their website. Mesa operates a fleet of 158 aircraft, providing scheduled passenger and cargo services across 107 cities in the U.S., the Bahamas, and Mexico, with approximately 306 daily departures.
Mesa Airlines has ordered 29 Pipistrel Alpha Trainer 2 aircraft, with an option for 75 more, as part of its Mesa Pilot Development Program (MPD). This initiative aims to address the ongoing pilot shortage by offering new pilots the chance to accumulate up to 1,500 flight hours necessary for commercial certification. Starting in October 2022, operations will begin in Inverness, Florida, moving to Arizona later. The program provides flight costs financed by Mesa, while offering top regional pilot pay of $100/hour and a direct path to major airlines.
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.
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