Mesa Air Group, Inc. - MESA STOCK NEWS

Mesa Air Group, Inc. (NASDAQ: MESA) will announce its fiscal Q2 2023 earnings results on May 9, 2023, after market close. A conference call will be held the same day at 4:30 PM ET to discuss these results, accessible via phone at 888-469-2054 with the passcode PHOENIX (7463649). The call will also be available as a listen-only webcast on Mesa's investor relations website.

As of March 31, 2023, Mesa operated a fleet of 147 aircraft with approximately 325 daily departures, serving 105 cities across 42 states, the District of Columbia, the Bahamas, and Mexico. Mesa Airlines operates flights under the American Eagle and United Express brands and provides cargo services for DHL.

Mesa Air Group, Inc. (NASDAQ: MESA) reported its fiscal Q1 2023 results with total operating revenues of $147.2 million, a slight decline of 0.4% from the previous year. The company posted a net loss of $9.1 million, or $(0.25) per diluted share, an improvement from a net loss of $14.3 million in Q1 2022. Adjusted net loss narrowed to $4.3 million, aided by increased block-hour revenue and reduced maintenance costs. Despite challenges from pilot shortages, Mesa's operational completion factors improved significantly, reaching 99.4% for American and 99.9% for United. The company ended the quarter with $56.1 million in unrestricted cash and $701.3 million in total debt.

Mesa Airlines (NASDAQ: MESA) has announced a new Direct-Entry Captain Position, offering a 24-month pathway to United Airlines for qualified pilots. Key requirements include an Airline Transport Pilot License and 1,000 hours of relevant experience. The program includes a $110,000 sign-on bonus and competitive flight hour earnings ranging from $150 to $215. Candidates can apply until February 28, 2023, with immediate class dates available. Mesa operates a fleet of 145 aircraft and provides services to 106 cities in the U.S. and abroad.

Mesa Air Group, Inc. (NASDAQ: MESA) will announce its Q1 fiscal year 2023 earnings results on February 9, 2023, after market close. A conference call will follow at 4:30 PM Eastern Time, accessible via telephone or a live webcast on the company's website. Mesa operates a fleet of 158 aircraft and provides scheduled passenger service to 106 cities across 42 states, the District of Columbia, and internationally. As of December 31, 2022, the company had approximately 293 daily departures and a workforce of 2,500 employees. Mesa Airlines operates under agreements with American Airlines, United Airlines, and DHL.

Mesa Air Group, Inc. (NASDAQ: MESA) reported Q4 and full-year 2022 results, revealing total operating revenues of $125.6 million for Q4, a decline from $130.8 million in Q4 2021. The company faced a net loss of $115.6 million, or $(3.18) per share, compared to a loss of $7.5 million in the prior year. For the full year, revenues rose to $531.0 million, but net losses deepened to $182.7 million, reflecting a challenging operational environment highlighted by pilot shortages and increased expenses. New agreements with United Airlines are expected to enhance growth prospects going forward.