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0 0 0.000291346994270144 0.0388462659026901 0.0255414198310187 0.0294260464212877 -0.00951733514615911 -0.0235019908711275
Stock impact report

Mesa Air Group Reports Fourth Quarter and Fiscal Full-Year 2023 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, 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. Fiscal Fourth Quarter Financial Update: Total operating revenues of $114.4 millionPre-tax loss of $31.3 million, net loss of $28.3 million or $(0.69) per diluted shareAdjusted net loss1 of $26.4 million2 or $(0.64) per diluted share Developments Subsequent to Fourth Quarter End: Entered into agreements with United Airlines for amendments to CPA and credit agreements Increased block-hour rates in CPA projected to generate approximately $63.5 million in incremental revenue over next twelve months Sold or entered into agreements to sell excess CRJ-900 aircraft and related engines for combined gross proceeds of $198.0 million, which has been and will be used to pay down $174.3 million in debtProduced December block hours of 46,660, a 5% increase over the September quarter Jonatha Show less Read more
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