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Stock impact report

Mesa Air Group Reports Third Quarter Fiscal 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, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported third quarter fiscal 2022 financial and operating results. Fiscal Third Quarter Highlights: Pre-tax loss of $12.5 million, net loss of $10.0 million or $(0.28) per diluted shareAdjusted net loss1 of $7.1 million or $(0.20) per diluted shareAdjusted net loss excludes a $3.9 million (pre-tax) change in the fair value of investments in equity securitiesThird aircraft with DHL cargo operation entered revenue serviceAdded a second CRJ simulator to increase pilot training capacity Jonathan Ornstein, Chairman and CEO, said, “While demand remained resilient for the quarter, our financial results continue to be impacted by industry-wide, elevated pilot attrition and the significant reduction in the commercial pilot pipeline, exacerbated by the 1,500-hour rule. Looking forward, we intend to take dramatic action to address the pilot shortage through increased recruiting, additional simu Show less Read more
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