Mesa Air Group, Inc. - MESA STOCK NEWS

Mesa Air Group, Inc. (NASDAQ: MESA) has appointed Amy Krallman as its new Vice President of Human Resources, effective April 22, 2022. Krallman brings over 20 years of HR experience from her previous role at 7-Eleven. She holds a bachelor's degree from Purdue University and a J.D. from Indiana University. Mesa Air, headquartered in Phoenix, operates a fleet of 166 aircraft and services 110 cities across the U.S. and beyond, under capacity purchase agreements with major airlines.

Mesa Air Group, Inc. (NASDAQ: MESA) will release its second quarter earnings results for fiscal year 2022 after the market closes on May 9, 2022. A conference call to discuss these results will take place on the same day at 4:30 PM ET, accessible via phone or a listen-only webcast on Mesa's website. As of March 31, 2022, the company operates 166 aircraft, providing scheduled passenger service to 110 cities across the U.S., Bahamas, and Mexico, as well as cargo services.

Mesa Airlines (NASDAQ: MESA) will host an audio webcast featuring its CFO, Torque Zubeck, at the Raymond James 43rd Annual Institutional Investors Conference in Orlando, Florida. The event is scheduled for March 8, 2022, at 11:00 AM Eastern Time. Interested participants can access the live session through the provided link. A replay will be available for 60 days on the company's investor relations website. Mesa Airlines operates a robust network, providing services to 114 cities with a fleet of 167 aircraft as of December 31, 2021.

Mesa Air Group, Inc. (NASDAQ: MESA) has appointed Christian Daoud as the new Vice President of Maintenance and Technical Operations, effective immediately. Previously the Senior Director of Technical Operations, Daoud has been with Mesa since 2006, progressing through various roles within the aviation sector. He succeeds Chris Toro, and the company expresses gratitude for Toro's contributions. Under Daoud’s leadership, Mesa aims to enhance its operational efficiency in maintaining a fleet of 167 aircraft, servicing 114 cities across the U.S., the Bahamas, and Mexico.

Mesa Air Group reported a Q1 fiscal 2022 net loss of $14.3 million or $(0.40) per diluted share, a significant decline from a net income of $14.1 million in Q1 FY21. The total revenue decreased by 1.7% to $147.8 million, impacted by Covid-related flight cancellations and increased maintenance costs. Adjusted EBITDA was $17.0 million, down from $47.4 million a year prior. The company ended the quarter with $102.3 million in cash but faced challenges including pilot attrition and operational disruptions. Looking forward, Mesa remains cautiously optimistic about recovery.

Mesa Air Group, Inc. (NASDAQ: MESA) is set to release its first quarter earnings for fiscal year 2022 after market close on February 9, 2022. A conference call to discuss the results will follow at 5:30 PM Eastern Time on the same day. Interested parties can participate by calling 888-469-2054 using passcode PHOENIX. A webcast will also be available on the company’s website, with a recording accessible approximately two hours post-call. Mesa operates a fleet of 167 aircraft, servicing 120 cities in various regions, under agreements with major airlines.

Mesa Air Group (NASDAQ: MESA) reported its operational performance for December 2021, with a total of 26,920 block hours, representing a 3.8% increase from December 2020. Despite operational challenges related to Covid-19, the controllable completion factor was 93.05% for American operations and 97.89% for United operations. Comparing year-to-date figures, block hours increased by 24.3% from the prior year. The report highlights both operational growth and ongoing impacts from the pandemic.

Mesa Air Group, Inc. (NASDAQ: MESA) reported a 23% increase in block hours for November 2021, totaling 28,465 hours, compared to November 2020. This rise is attributed to eased COVID-19 travel restrictions. The controllable completion factor was 98.58% for American and 98.48% for United operations. Year-to-date figures showed a 36.6% increase in total block hours compared to the previous fiscal year, highlighting a recovery in operational performance.

Mesa Air Group, Inc. (NASDAQ: MESA) reported fourth quarter results with a pre-tax loss of $9.9 million and a net loss of $7.5 million, or $(0.21) per diluted share. Adjusted net loss was $2.1 million or $(0.06) per diluted share, mainly due to increased maintenance expenses. Revenue increased by 21.1% to $130.8 million, driven by higher block hour volumes. For the fiscal year, Mesa posted a net income of $16.6 million, down from $27.5 million in 2020, with total revenue of $503.6 million, a 7.6% decline. The company ended the quarter with $120.5 million in cash and $670.3 million in total debt.