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Mesa Air Group, Inc. - MESA STOCK NEWS

Welcome to our dedicated page for Mesa Air Group news (Ticker: MESA), a resource for investors and traders seeking the latest updates and insights on Mesa Air Group stock.

Mesa Air Group, Inc., headquartered in Phoenix, Arizona, is a regional air carrier providing scheduled passenger and cargo services. Known for its robust operations, the company operates under the brands American Eagle, United Express, and DHL Express. Mesa Air Group was founded in 1982 in New Mexico by Larry and Janie Risley and has grown to be a notable player in the regional aviation market.

With a fleet of 133 large regional jets, Mesa conducts over 620 daily departures to more than 100 cities across 44 states, the District of Columbia, Canada, and Mexico. The company employs around 2,800 people and plans to hire an additional 1,000 employees within the next two years.

Mesa's operational hubs include Phoenix, Dallas, Washington Dulles, and Houston. The company’s recent achievements include renegotiating its agreements with United Airlines, providing increased liquidity and better revenue margins. These agreements are expected to stabilize Mesa's financial performance and enhance fleet utilization.

Operational performance for Q1 2024 showed a controllable completion factor of 99.92% for United, reflecting Mesa's reliability and commitment to service quality. Despite fiscal challenges in 2023, including a decrease in contracted revenue and a net loss of $28.3 million for Q4 2023, Mesa is optimistic about improved financial conditions in 2024 due to its strategic agreements and asset sales.

Mesa Air Group continues to innovate, investing in sustainable aviation technologies and expanding its reach in regional air transport markets. For more information, visit www.mesa-air.com.

News

Mesa Air Group Discloses Notice from Nasdaq

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Mesa Air Group, Inc. (MESA) received a notice from Nasdaq regarding non-compliance with filing its Quarterly Report on Form 10-Q. The company has 60 days to submit a compliance plan and aims to regain compliance by August 12, 2024.
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Mesa Air Group Reports Fourth Quarter and Fiscal Full-Year 2023 Results

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Mesa Air Group, Inc. (NASDAQ: MESA) reported a pre-tax loss of $31.3 million and a net loss of $28.3 million for the fiscal fourth quarter of 2023. The company entered into agreements with United Airlines for amendments to CPA and credit agreements, increased block-hour rates, and sold excess CRJ-900 aircraft and related engines for combined gross proceeds of $198.0 million. The total operating revenues for fiscal full-year 2023 were $498.1 million, a decrease of $32.9 million from the previous year. Mesa's fiscal full-year 2023 adjusted net loss was $79.5 million, compared to an adjusted net loss of $40.2 million in fiscal full-year 2022.
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Mesa Air Group Enters New Agreements with United Airlines for Improved Operating and Financing Terms and Provides Update on CRJ-900 Asset Sale Program

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Mesa Air Group, Inc. (MESA) announced agreements with United Airlines to amend its capacity purchase agreement and certain credit agreements to improve operating income and liquidity. The company also provided an update on its efforts to sell excess CRJ-900 assets to reduce debt and bolster liquidity. The agreements with United are projected to generate approximately $63.5 million in incremental revenue over the next twelve months. The company has sold or entered into agreements to sell excess CRJ-900 aircraft and related engines for combined gross proceeds of $198.0 million, which will be used to pay down $174.3 million in debt. Mesa expects the completion of CRJ-related asset sale agreements and scheduled principal repayments through Q4 2024 to reduce total debt by an additional $225.4 million, for a projected total debt balance of $310.3 million at fiscal year end.
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Mesa Air Group Discloses Notice from Nasdaq

Rhea-AI Summary
Mesa Air Group, Inc. (NASDAQ: MESA) received a notice from Nasdaq stating that the company is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to a filing delay of its Annual Report on Form 10-K for the period ended September 30, 2023. The company has 60 days to submit a plan to regain compliance, with a potential extension of up to 180 days if the plan is accepted. The delay is not due to financial restatements or disagreements with auditors.
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Mesa Air Group Announces Intent to File Form 12b-25 and Delay Its Fourth Quarter and Fiscal Year 2023 Earnings Release and Conference Call

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Mesa Air Group, Inc. (NASDAQ: MESA) has announced the filing of a Form 12b-25 for an automatic extension of fifteen additional calendar days to file its 2023 10-K report. The company has canceled its previously announced earnings release and call scheduled for December 14, 2023, and expects to file the 2023 10-K no later than December 29, 2023.
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Mesa Air Group Announces Fourth Quarter and Fiscal Year 2023 Earnings Release and Conference Call Date

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Mesa Air Group, Inc. (NASDAQ: MESA) will release its 2023 fourth quarter and fiscal year end earnings on December 14th. A conference call to discuss the results will be held at 4:30 pm Eastern Time. The call can be accessed by dialing 800-857-9792 and entering the passcode: PHOENIX (7463649). There will also be a listen-only webcast on Mesa’s website. A recorded version will be available on Mesa’s website approximately two hours after the call.
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Mesa Airlines Launches Independent Pilot Time Building Program for Aspiring Pilots

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Mesa Airlines announces launch of Independent Pilot Development program
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Mesa Airlines Launches $20,000 Direct-Entry Captain Referral Incentive Available to Anyone

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Mesa Air Group Reports Third Quarter Fiscal 2023 Results

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Mesa Air Group Announces Third Fiscal Quarter 2023 Earnings Release and Conference Call Date

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Mesa Air Group, Inc. (MESA) will release its third quarter earnings results for fiscal year 2023 after the market closes on Wednesday, August 9th. The company will also host a conference call to discuss the results on August 9th at 4:30 pm Eastern Time. Investors and analysts can access the call and webcast through the provided details.
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FAQ

What is the current stock price of Mesa Air Group (MESA)?

The current stock price of Mesa Air Group (MESA) is $0.861 as of November 20, 2024.

What is the market cap of Mesa Air Group (MESA)?

The market cap of Mesa Air Group (MESA) is approximately 35.3M.

What is Mesa Air Group, Inc.?

Mesa Air Group, Inc. is a regional air carrier headquartered in Phoenix, Arizona, providing scheduled passenger and cargo services.

What brands does Mesa Air Group operate under?

Mesa operates under the brands American Eagle, United Express, and DHL Express.

How large is Mesa Air Group's fleet?

Mesa Air Group operates a fleet of 133 large regional jets.

How many daily departures does Mesa Air Group conduct?

Mesa conducts over 620 daily system departures.

How many employees does Mesa Air Group have?

Mesa employs approximately 2,800 people and plans to hire an additional 1,000 in the next two years.

What are Mesa Air Group's operational hubs?

Mesa's operational hubs include Phoenix, Dallas, Washington Dulles, and Houston.

How did Mesa Air Group perform in Q1 2024?

Mesa reported a controllable completion factor of 99.92% for United and is optimistic about improved financial conditions in 2024.

What recent agreements has Mesa Air Group made?

Mesa renegotiated agreements with United Airlines to provide increased liquidity and better revenue margins.

Is Mesa Air Group investing in sustainable aviation?

Yes, Mesa is investing in sustainable aviation technologies to innovate and expand its reach in regional air transport markets.

Where can I find more information about Mesa Air Group?

More information can be found on their website at www.mesa-air.com.

Stock MESA logo
Mesa Air Group, Inc.

Nasdaq:MESA

MESA Rankings

#5044 Ranked by Market Cap
N/A Ranked by Dividends

MESA Stock Data

35.34M
32.40M
21.57%
11.82%
0.55%
Airlines
Air Transportation, Scheduled
Link
United States of America
PHOENIX