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 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.
Mesa Air Group, Inc. (NASDAQ: MESA) has appointed Christian Daoud as the new Vice President of Maintenance and Technical Operations, effective immediately. Previously the Senior Director of Technical Operations, Daoud has been with Mesa since 2006, progressing through various roles within the aviation sector. He succeeds Chris Toro, and the company expresses gratitude for Toro's contributions. Under Daoud’s leadership, Mesa aims to enhance its operational efficiency in maintaining a fleet of 167 aircraft, servicing 114 cities across the U.S., the Bahamas, and Mexico.
Mesa Air Group reported a Q1 fiscal 2022 net loss of $14.3 million or $(0.40) per diluted share, a significant decline from a net income of $14.1 million in Q1 FY21. The total revenue decreased by 1.7% to $147.8 million, impacted by Covid-related flight cancellations and increased maintenance costs. Adjusted EBITDA was $17.0 million, down from $47.4 million a year prior. The company ended the quarter with $102.3 million in cash but faced challenges including pilot attrition and operational disruptions. Looking forward, Mesa remains cautiously optimistic about recovery.
Mesa Air Group, Inc. (NASDAQ: MESA) is set to release its first quarter earnings for fiscal year 2022 after market close on February 9, 2022. A conference call to discuss the results will follow at 5:30 PM Eastern Time on the same day. Interested parties can participate by calling 888-469-2054 using passcode PHOENIX. A webcast will also be available on the company’s website, with a recording accessible approximately two hours post-call. Mesa operates a fleet of 167 aircraft, servicing 120 cities in various regions, under agreements with major airlines.
Mesa Air Group (NASDAQ: MESA) reported its operational performance for December 2021, with a total of 26,920 block hours, representing a 3.8% increase from December 2020. Despite operational challenges related to Covid-19, the controllable completion factor was 93.05% for American operations and 97.89% for United operations. Comparing year-to-date figures, block hours increased by 24.3% from the prior year. The report highlights both operational growth and ongoing impacts from the pandemic.
Mesa Air Group, Inc. (NASDAQ: MESA) reported a 23% increase in block hours for November 2021, totaling 28,465 hours, compared to November 2020. This rise is attributed to eased COVID-19 travel restrictions. The controllable completion factor was 98.58% for American and 98.48% for United operations. Year-to-date figures showed a 36.6% increase in total block hours compared to the previous fiscal year, highlighting a recovery in operational performance.
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