Mesa Air Group Inc.

Mesa Air Group, Inc. operates as a commercial aviation holding company, which engages in the provision of regional air carrier and passenger transportation services. Its fleet include American Eagle, United Express, and DHL Express flights. The company was founded in 1982 and is headquartered in Phoenix, AZ.

Earnings data Q1 2021

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Earnings data Q4 2024

Mesa Air Group reports Q1 losses, eyes cargo growth

Mesa Air Group Inc. navigated challenges in Q1, focusing on transitioning operations to United Airlines and expanding its cargo fleet to drive growth.
Despite a net loss of $9.1 million, Mesa achieved significant milestones, maintained good airline relationships, and is committed to turning the business around.
The company's investments in pilot production, sustainability, and operational stability position it well for future profitability and growth opportunities.
With a strategic focus on the cargo business and operational efficiency, Mesa is poised to capitalize on industry recovery and expand its market presence.

Mesa Air Group Inc. reports Q2 results, focuses on CRJ-900 transition and pilot pipeline

Mesa Air Group Inc. navigated a transition year with revenue in line but a net loss, focusing on CRJ-900 flying and pilot pipeline.
The company's proactive approach to debt reduction and pilot shortage challenges shows strategic foresight.
Analyst questions highlighted areas of concern like deferred revenue and profitability margins.
Efforts to sell CRJ-900s for cash, address pilot shortage, and improve financial performance indicate a path forward.

Mesa Air Group Inc. reports Q3 losses, focuses on operational efficiency

Mesa Air Group Inc. grapples with financial losses in Q3 2023 but targets improved margins by FY 2024. Efforts to address the pilot shortage and optimize operations are underway. The company's revenue mix from United flying provides stability amidst challenges in reducing costs and debt.

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Mesa Air Group, Inc. is a holding company, which engages in the provision of regional air carrier and passenger transportation services. Its fleet include American Eagle, United Express, and DHL Express flights. The company was founded in 1982 and is headquartered in Phoenix, AZ.

PHOENIX, AZ / ACCESSWIRE / August 20, 2024 / Mesa Air Group, Inc. (NASDAQ:MESA) ("Mesa" or the "Company") today announced that it received a notice ("Notice") on August 16, 2024 from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") because the Company failed to timely file its Quarterly Report on Form 10-Q for the period ended June 30, 2024 (the "Form 10-Q") with the Securities and Exchange Commission. The filing delay is not the result of a forthcoming restatement of the Company's financial statements or any disagreement with the Company's auditors.

Mesa Air Group Discloses Notice from Nasdaq

PHOENIX, July 02, 2024 (GLOBE NEWSWIRE) --  Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today announced the furlough of 12 pilots and training deferrals for 41 pilot trainees, effective July 12, 2024. These actions are the result of significantly reduced attrition among Mesa's active pilot workforce. The Company currently anticipates this will save approximately $750,000 per month in operating expenses.

Mesa Announces Action to Balance Pilot Supply

PHOENIX, June 18, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today reported second quarter fiscal 2024 financial and operating results.

Mesa Air Group Reports Second Quarter Fiscal 2024 Results

PHOENIX, June 06, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today provided an update that the Company has completed the sales of six of the 15 surplus CRJ-900 airframes, and ten of the 30 surplus CRJ engines, associated with its Regional Aircraft Securitization Program (“RASPRO”) finance lease. Mesa previously entered into agreements to sell the 15 airframes and 30 engines, respectively, to two separate third parties.

Mesa Provides Update on RASPRO Surplus CRJ Asset Transactions

XTI Aerospace Inc

ENGLEWOOD, Colo. , June 5, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI Aerospace" or the "Company") today announced that Mesa Air Group, Inc. ("Mesa") (Nasdaq: MESA) ("Mesa"), the holding company of regional air carrier Mesa Airlines, is the purchaser under a previously disclosed conditional purchase order with XTI Aircraft Company ("XTI"), a wholly-owned subsidiary of the Company, for up to 100 TriFan 600 aircraft, a fixed-wing, vertical lift crossover airplane (VLCA), which is currently in development.

XTI Aerospace Announces Mesa Airlines' Investment in XTI and Conditional Pre-Order for 100 TriFan 600 Aircraft

PHOENIX, June 05, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today announced that it has received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“NASDAQ”) informing the Company that it has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).

Mesa Regains Compliance with NASDAQ Minimum Bid Price Requirement

PHOENIX, May 20, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today reported first quarter fiscal 2024 financial and operating results.

Mesa Air Group Reports First Quarter Fiscal 2024 Results

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PHOENIX, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today reported fourth quarter and fiscal full-year 2023 financial and operating results.

Mesa Air Group Reports Fourth Quarter and Fiscal Full-Year 2023 Results

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Mesa Air (NASDAQ: MESA ) stock is flying higher on Friday after the air carrier passenger scheduling services company announced an agreement with United Airlines (NASDAQ: UAL ). The new deal between Mesa Air and United Airlines amends the capacity purchase agreement and certain credit agreements between the two.

Why Is Mesa Air (MESA) Stock Up 67% Today?

Mesa Air Group's shares jumped close 70% in Friday premarket trade after it announced a revised deal with United Airlines Holdings Inc (NASDAQ:UAL) that will boost revenue and improve liquidity at the struggling company.   The Phoenix, Arizona-based holding company for regional carrier Mesa Airlines also issued an update on its efforts to sell excess CRJ-900 aircraft and engines to reduce its debt and bolster liquidity.

Mesa Air shares take off on reworked United deal, asset sales

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The regional air carrier said it has amended its CPA agreement with United to increase its block-hour rate, which should generate about $63.5 million in extra revenue

Mesa Air Group Strikes Deal With United Airlines to Improve Liquidity

PHOENIX, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today announced agreements with United Airlines (“United”) to amend its capacity purchase agreement and certain credit agreements between the parties to significantly improve Mesa's operating income and liquidity over the next twelve months. The Company also issued an update on its efforts to sell excess CRJ-900 assets to reduce debt and bolster liquidity.

Mesa Air Group Enters New Agreements with United Airlines for Improved Operating and Financing Terms and Provides Update on CRJ-900 Asset Sale Program

Mesa Air Group, Inc. MESA, -3.42% said Thursday it plans to file a notification of a late filing for its annual report for the fiscal year ended Sept. 30. The filing will provide it with an automatic 15-day extension to release its 2023 10-K annual report.

Mesa Air delays earnings update by up to 15-days

PHOENIX, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today announced that it will file a Form 12b-25, Notification of Late Filing, with the U.S. Securities and Exchange Commission with regard to its annual report on Form 10-K (the “2023 10-K”) for the fiscal year ended September 30, 2023. Form 12b-25 will allow the Company an automatic extension of fifteen additional calendar days to file the 2023 10-K, which is due on December 14, 2023.

Mesa Air Group Announces Intent to File Form 12b-25 and Delay Its Fourth Quarter and Fiscal Year 2023 Earnings Release and Conference Call

Mesa Air Group's stock has experienced significant turbulence, dropping from $3.82 to as low as $0.40 since July 2023. Mesa's partnership with United Airlines is a key factor in its potential for success, as United has shown support and made adjustments to help Mesa weather challenges. Mesa has a clear path to profitability through its CPA agreement with United and efforts to hire more pilots, as well as plans to sell surplus aircraft to reduce debt.

Mesa Air Group, Inc.: Incorrectly Priced For Bankruptcy

PHOENIX, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) will release its 2023 fourth quarter and fiscal year end earnings after the market closes on Thursday, December 14th. The Company will also host a conference call to discuss the results on December 14th at 4:30 pm Eastern Time.

Mesa Air Group Announces Fourth Quarter and Fiscal Year 2023 Earnings Release and Conference Call Date

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PHOENIX, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) - Mesa Airlines, announced today the launch of its Independent Pilot Development program (IPD), which will offer pilots “pay as you go” opportunity to build required flight time quickly, economically, and efficiently in brand new Pipistrel Alpha 2 aircraft.

Mesa Airlines Launches Independent Pilot Time Building Program for Aspiring Pilots

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Mesa Air Group has experienced a significant decline in stock value due to continued pilot shortages and a transition period. The company is still losing money despite transitioning to a profitable agreement with United Airlines. Mesa Air Group is focused on reducing debt and improving liquidity through the sale of aircraft and engines.

Mesa Air Group: Unattractive Or Speculative Buy?

PHOENIX, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) - Mesa Airlines, is launching a one of a kind Direct-Entry Captain Referral Program, offering a $20,000 incentive to anyone who successfully refers a qualified pilot for employment with the company as a Captain.

Mesa Airlines Launches $20,000 Direct-Entry Captain Referral Incentive Available to Anyone

Mesa Air Group, Inc. (NASDAQ:MESA ) Q3 2023 Earnings Conference Call August 9, 2023 4:30 PM ET Company Participants Jonathan Ornstein - Chairman and Chief Executive Officer Michael Lotz - President Torque Zubeck - Chief Financial Officer Conference Call Participants Savanthi Syth - Raymond James Helane Becker - TD Cowen Andrew Didora - Bank of America Michael Linenberg - Deutsche Bank Operator Thank you for standing by, and welcome to the Mesa Airlines Q3 Fiscal Year 2023 Conference Call. [Operator Instructions] This call is being recorded.

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