MESA AIR GROUP INC. overview

PHOENIX, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today announced that it received a notice (“Notice”) on February 21, 2025 from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that, as a result of (i) the Company’s delay in filing its Quarterly Report on Form 10-Q for the period ended December 31, 2024 (the “Form 10-Q”) with the Securities and Exchange Commission (the “SEC”),...

PHOENIX, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today announced that it received a notice (“Notice”) on January 15, 2025 from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) because the Company failed to timely file its Annual Report on Form 10-K for the fiscal year ended September 30, 2024...

PHOENIX, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today announced the Company will significantly increase daily aircraft utilization rates beginning in January 2025. After working closely with United’s Network Planning group, Mesa is scheduled to increase utilization from an average of 8.9 block hours per day in the fourth calendar quarter of 2024 to an average of 9.5 block hours per day, or a 7% increase in the first calendar...

PHOENIX, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today reported third quarter fiscal 2024 financial and operating results. Third Quarter Fiscal 2024 Update : Total operating revenues of $110.8 million, United Express contract revenue 8.0% higher year-over-year Pre-tax loss of $20.7 million, net loss of $19.9 million, or $(0.48) per diluted share Adjusted net loss 1 of $9.4 million 2 , or $(0.23) per diluted share Adjusted EBITDAR 1...

PHOENIX, July 02, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today announced the furlough of 12 pilots and training deferrals for 41 pilot trainees, effective July 12, 2024. These actions are the result of significantly reduced attrition among Mesa’s active pilot workforce. The Company currently anticipates this will save approximately $750,000 per month in operating expenses. “Over the last two years, attrition at Mesa often exceeded 25...

PHOENIX, June 18, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today reported second quarter fiscal 2024 financial and operating results. Second Quarter Fiscal 2024 Update : Total operating revenues of $131.6 million Pre-tax income of $11.7 million, net income of $11.7 million or $0.28 per diluted share Adjusted net income 1 of $6.3 million 2 or $0.15 per diluted share Adjusted EBITDAR 1 of $28.2 million Flew 99.85% controllable completion factor...

PHOENIX, June 06, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today provided an update that the Company has completed the sales of six of the 15 surplus CRJ-900 airframes, and ten of the 30 surplus CRJ engines, associated with its Regional Aircraft Securitization Program (“RASPRO”) finance lease. Mesa previously entered into agreements to sell the 15 airframes and 30 engines, respectively, to two separate third parties. Previously, the...

PHOENIX, June 05, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today provided additional detail around its holdings in XTI Aerospace, Inc. (“XTI Aerospace”), which is developing the TriFan 600, a unique, fixed-wing vertical lift crossover airplane (VLCA) that can take off and land like a helicopter and is configurable to transport up to six passengers. XTI Aerospace began publicly trading on the Nasdaq (symbol: XTIA) on March 13, 2024,...