Mesa Air downgraded by BofA Securities with a new price target
$MESA
Air Freight/Delivery Services
Consumer Discretionary
BofA Securities downgraded Mesa Air from Buy to Neutral and set a new price target of $8.00 from $12.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/4/2022 | Outperform → Market Perform | Raymond James | |
| 1/7/2022 | $12.00 → $8.00 | Buy → Neutral | BofA Securities |
| 12/10/2021 | $13.00 → $12.50 | Outperform | Raymond James |
| 12/10/2021 | $15.00 → $7.00 | Buy → Hold | Deutsche Bank |
| 11/29/2021 | $14.00 → $13.00 | Outperform | Raymond James |
SC 13D/A - MESA AIR GROUP INC (0000810332) (Subject)
SC 13D/A - MESA AIR GROUP INC (0000810332) (Subject)
SC 13D - MESA AIR GROUP INC (0000810332) (Subject)
PHOENIX, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) ("Mesa" or the "Company") today reported fourth quarter and fiscal full-year 2023 financial and operating results. Fiscal Fourth Quarter Financial Update: Total operating revenues of $114.4 millionPre-tax loss of $31.3 million, net loss of $28.3 million or $(0.69) per diluted shareAdjusted net loss1 of $26.4 million2 or $(0.64) per diluted share Developments Subsequent to Fourth Quarter End: Entered into agreements with United Airlines for amendments to CPA and credit agreements Increased block-hour rates in CPA projected to generate approximately $63.5 million in incremental revenue over next twelv
PHOENIX, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) ("Mesa" or the "Company") today announced agreements with United Airlines ("United") to amend its capacity purchase agreement and certain credit agreements between the parties to significantly improve Mesa's operating income and liquidity over the next twelve months. The Company also issued an update on its efforts to sell excess CRJ-900 assets to reduce debt and bolster liquidity. United Agreements Highlights: Increased block-hour rate in United CPA, retroactive to October 1, 2023 through December 31, 2024, projected to generate approximately $63.5 million in incremental revenue over next twelve monthsExtingu
PHOENIX, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ:MESA) ("Mesa" or the "Company") today announced that it will file a Form 12b-25, Notification of Late Filing, with the U.S. Securities and Exchange Commission with regard to its annual report on Form 10-K (the "2023 10-K") for the fiscal year ended September 30, 2023. Form 12b-25 will allow the Company an automatic extension of fifteen additional calendar days to file the 2023 10-K, which is due on December 14, 2023. In accordance with today's announcement, the Company is canceling its previously announced earnings release and call scheduled for after market close on December 14, 2023. The Company expects to file th
8-K - MESA AIR GROUP INC (0000810332) (Filer)
10-Q - MESA AIR GROUP INC (0000810332) (Filer)
8-K - MESA AIR GROUP INC (0000810332) (Filer)
PHOENIX, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) - Mesa Airlines, announced today the launch of its Independent Pilot Development program (IPD), which will offer pilots "pay as you go" opportunity to build required flight time quickly, economically, and efficiently in brand new Pipistrel Alpha 2 aircraft. Unlike traditional time building programs, IPD offers airline training materials, advanced computerized based training, and pilot mentors, giving pilots a competitive advantage in the commercial aviation job market. IPD is designed to accelerate the time needed to achieve the required hours under the FAA's mandated "1,500-hour rule". IPD gives pilots a
PHOENIX, June 06, 2023 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) - Mesa Airlines Inc., a wholly-owned subsidiary of Mesa Air Group, is pleased to announce the appointment of Andrew Lotter as the new Vice President of Flight Operations. Lotter will succeed John Hornibrook who is retiring from the Company. Lotter brings over 25 years of aviation industry experience and has held several executive positions in operations including Chief Operating Officer at Avelo Airlines, President of Ameriflight and most recently Vice President of Operations at Omni Air International. He has also held positions as Chief Pilot, Check Airman/Pilot, Simulator Instructor and holds numerous type ra
PHOENIX, May 11, 2023 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) - Mesa Airlines, a leading regional airline, is pleased to announce the appointment of Lorraine "Lori" DiMarco as its new Vice President of Maintenance. DiMarco will be responsible for overseeing all aspects of Mesa Airlines' maintenance operations and replaces Christian Daoud who has resigned from the company. With over 33 years of experience in the aviation industry, DiMarco brings a wealth of knowledge and expertise to Mesa Airlines. She began her maintenance career as a hangar and line mechanic at JFK airport in New York for Trans World Airlines, working on the Boeing 747 aircraft. Most recentl
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-yearPre-tax loss of $20.7 million, net loss of $19.9 million, or $(0.48) per diluted shareAdjusted net loss1 of $9.4 million2, or $(0.23) per diluted shareAdjusted EBITDAR1 of $10.6 millionOperated at a 99.94% controllable completion factor3 United CPA and Fleet Update: Extended increased block-hour rate on E-175 flying in current United CPA through August 31, 2025At United's requ
PHOENIX, AZ / ACCESSWIRE / August 20, 2024 / Mesa Air Group, Inc. (NASDAQ:MESA) ("Mesa" or the "Company") today announced that it received a notice ("Notice") on August 16, 2024 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 Quarterly Report on Form 10-Q for the period ended June 30, 2024 (the "Form 10-Q") with the Securities and Exchange Commission. The filing delay is not the result of a forthcoming restatement of the Company's financial statements or any disagreement with the Company's auditors.The Notice has
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 pilots per month due to the pilot shortage created by the FAA's implementation of the ‘1,500-hour rule'," said Jonathan Ornstein, Mesa Chairman and CEO. "As a result, we undertook significant efforts to increas
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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. "Based on our current outlook, we anticipate starting to recall pilots by the end of the year. Additionally, once our pilot pipeline has recalibrated, we will resume hiring pilot trainees based on anticipated attrition levels."
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Raymond James downgraded Mesa Air Group from Outperform to Market Perform
BofA Securities downgraded Mesa Air from Buy to Neutral and set a new price target of $8.00 from $12.00 previously
Raymond James reiterated coverage of Mesa Air Group with a rating of Outperform and set a new price target of $12.50 from $13.00 previously
4/A - MESA AIR GROUP INC (0000810332) (Issuer)
4/A - MESA AIR GROUP INC (0000810332) (Issuer)
4/A - MESA AIR GROUP INC (0000810332) (Issuer)