Mesa Air Group Reports First Quarter Fiscal 2024 Results
Mesa Air Group, Inc. (MESA)
Last mesa air group, inc. earnings: 2/10 04:02 pm
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Source: GlobeNewswire
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. First Quarter Fiscal 2024 Update: Total operating revenues of $118.8 millionPre-tax loss of $57.0 million, net loss of $57.9 million or $(1.41) per diluted shareAdjusted net loss1 of $21.8 million2 or $(0.53) per diluted shareAdjusted EBITDAR1 of $6.3 millionBlock hours of 46,658, an approximate 5% increase over fourth quarter fiscal 2023Paid down $39.2 million of debt during quarter with surplus CRJ asset sale proceeds Developments Subsequent to Quarter End: As announced in January 2024, United Airlines agreed to significantly higher block-hour rate on E-175 flyingAs a result of the reduction in cargo demand, Mesa and DHL mutually agreed to wind down cargo operation as of February 2024 As part of agreement, DHL will reimburse certain costs associated with wind-downPilots from the cargo operation are tra
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MESA
News
- Mesa Provides Update on RASPRO Surplus CRJ Asset Transactions [Yahoo! Finance]Yahoo! Finance
- Mesa Provides Update on RASPRO Surplus CRJ Asset TransactionsGlobeNewswire
- Mesa Provides Additional Detail on Holdings in XTI AerospaceGlobeNewswire
- Mesa Regains Compliance with NASDAQ Minimum Bid Price Requirement [Yahoo! Finance]Yahoo! Finance
- Mesa Regains Compliance with NASDAQ Minimum Bid Price RequirementGlobeNewswire
MESA
Earnings
- 8/9/23 - Miss
MESA
Sec Filings
- 6/5/24 - Form 8-K
- 6/4/24 - Form 4
- 6/4/24 - Form 4
- MESA's page on the SEC website