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Stock impact report

Mesa Air Group Reports Third Quarter Fiscal 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, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported third quarter fiscal 2023 financial and operating results. Fiscal Third Quarter Update: Total operating revenues of $114.7 millionPre-tax loss of $50.3 million, net loss of $47.6 million or $(1.17) per diluted shareAdjusted net loss1 of $27.2 million or $(0.67) per diluted shareAdjusted net loss excludes $21.2 million, primarily a $30.5 million impairment loss on assets Paid down $27 million of debt with engine sale proceeds Jonathan Ornstein, Chairman and CEO, said, “As expected, Fiscal 2023 has been a transformative year as we ended our agreement with American Airlines and transitioned all of our regional capacity to United. While we are pleased with the progress we have made in some areas, we have more work to do in others. One of our key initiatives remains the disposition of excess CRJ-900 aircraft and related assets. To date, we have entered into agreements to sell 18 excess CRJ-90 Show less Read more
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