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Stock impact report

Mesa Air Group Reports Fourth Quarter and Fiscal Full-Year 2022 Results

Mesa Air Group, Inc. (MESA) 
Last mesa air group, inc. earnings: 2/10 04:02 pm Check Earnings Report
Company Research Source: GlobeNewswire
PHOENIX, Dec. 29, 2022 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported fourth quarter and fiscal full-year 2022 financial and operating results. Fiscal Fourth Quarter Update: Total operating revenues of $125.6 millionPre-tax loss of $148.6 million, net loss of $115.6 million or $(3.18) per diluted shareAdjusted net loss1 of $13.5 million or $(0.37) per diluted shareAdjusted net loss excludes a $132.3 million non-cash (pre-tax) impairment loss related to the CRJ fleetNew industry-leading pilot pay agreement effective September 15thAgreed to sell 18 CRJ-550s to United Airlines, 10 of which closed during the quarterLaunched the Mesa Pilot Development (“MPD”) ProgramNegotiated a new two-year flight attendant agreementSubsequent to quarter end: Initiated and concluded wind-down agreement with American AirlinesReached agreements with United Airlines for (i) capacity purchase agreement expansion for CRJ-900 flying and rate increase, (ii) a loan agreement, and (iii) Show less Read more
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