Mesa Air Gr Q2 2024 Adj EPS $0.15 Beats $(0.11) Estimate, Sales $131.582M Miss $135.000M Estimate

6/18/24 7:13:26 AM ET

Air Freight/Delivery Services

Consumer Discretionary

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Mesa Air Gr (NASDAQ:MESA) reported quarterly earnings of $0.15 per share which beat the analyst consensus estimate of $(0.11) by 236.36 percent. This is a 128.3 percent increase over losses of $(0.53) per share from the same period last year. The company reported quarterly sales of $131.582 million which missed the analyst consensus estimate of $135.000 million by 2.53 percent. This is a 8.00 percent increase over sales of $121.834 million the same period last year.

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Recent Analyst Ratings for
$MESA

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

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$MESA
Market Insights

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12 Industrials Stocks Moving In Thursday's Pre-Market Session
Gainers Zoomcar Holdings (NASDAQ:ZCAR) stock moved upwards by 57.2% to $0.21 during Thursday's pre-market session. The company's market cap stands at $13.9 million. Mesa Air Gr (NASDAQ:MESA) shares moved upwards by 13.86% to $1.56. The company's market cap stands at $64.2 million. Dragonfly Energy Hldgs (NASDAQ:DFLI) shares rose 9.84% to $0.82. The market value of their outstanding shares is at $50.1 million. Aqua Metals (NASDAQ:AQMS) stock increased by 7.44% to $0.33. The market value of their outstanding shares is at $37.1 million. Caravelle Intl Gr (NASDAQ:CACO) shares moved upwards by 7.16% to $0.47. The company's market cap stands at $24.9 million. Art's-Way Manufacturing (NASDAQ:
7/4/24 8:05:55 AM ET
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Mesa Air Plans 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. "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."
7/2/24 5:22:09 PM ET
$MESA
Air Freight/Delivery Services
Consumer Discretionary
12 Industrials Stocks Moving In Wednesday's Intraday Session
Gainers Mesa Air Gr (NASDAQ:MESA) shares increased by 39.8% to $1.58 during Wednesday's regular session. The company's market cap stands at $64.6 million. As per the news, the Q2 earnings report came out yesterday. Desktop Metal (NYSE:DM) stock rose 35.24% to $4.95. The company's market cap stands at $163.5 million. ShiftPixy (NASDAQ:PIXY) stock rose 28.34% to $2.4. The company's market cap stands at $16.2 million. Nano Nuclear Energy (NASDAQ:NNE) shares moved upwards by 22.74% to $11.55. The company's market cap stands at $334.4 million. Professional Diversity (NASDAQ:IPDN) stock rose 19.59% to $0.71. The market value of their outstanding shares is at $8.2 million. Li-Cycle Holdings (
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Mesa Air Group Reports Third Quarter Fiscal 2024 Results
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
10/16/24 7:00:00 AM ET
$MESA
Air Freight/Delivery Services
Consumer Discretionary
Mesa Air Group Discloses Notice from Nasdaq
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
8/20/24 5:00:00 PM ET
$MESA
Air Freight/Delivery Services
Consumer Discretionary
Mesa Announces Action to Balance Pilot Supply
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
7/2/24 5:20:00 PM ET
$MESA
Air Freight/Delivery Services
Consumer Discretionary

Mesa Air Group Reports Fourth Quarter and Fiscal Full-Year 2023 Results
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
1/26/24 9:22:17 AM ET
$MESA
Air Freight/Delivery Services
Consumer Discretionary
Mesa Air Group Enters New Agreements with United Airlines for Improved Operating and Financing Terms and Provides Update on CRJ-900 Asset Sale Program
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
1/18/24 4:20:00 PM ET
$MESA
Air Freight/Delivery Services
Consumer Discretionary
Mesa Air Group Announces Intent to File Form 12b-25 and Delay Its Fourth Quarter and Fiscal Year 2023 Earnings Release and Conference Call
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
12/14/23 7:00:00 AM ET
$MESA
Air Freight/Delivery Services
Consumer Discretionary

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Mesa Airlines Launches Independent Pilot Time Building Program for Aspiring Pilots
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
10/9/23 4:00:00 PM ET
$MESA
Air Freight/Delivery Services
Consumer Discretionary
Mesa Airlines Names Andrew Lotter as Vice President of Flight Operations
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
6/6/23 7:00:00 AM ET
$MESA
Air Freight/Delivery Services
Consumer Discretionary
Mesa Airlines Names Lorraine Dimarco as Vice President of Maintenance
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
5/11/23 7:07:12 PM ET
$MESA
Air Freight/Delivery Services
Consumer Discretionary

Mesa Air Gr Q2 2024 Adj EPS $0.15 Beats $(0.11) Estimate, Sales $131.582M Miss $135.000M Estimate

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Amendment: SEC Form 4 filed by CEO Ornstein Jonathan G

Amendment: SEC Form 4 filed by President & CFO Lotz Michael

Amendment: SEC Form 4 filed by EVP/GC/Secretary Gillman Brian S

$MESA Market Insights

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12 Industrials Stocks Moving In Thursday's Pre-Market Session

Mesa Air Plans Furlough Of 12 Pilots And Training Deferrals For 41 Pilot Trainees, Effective July 12, 2024

12 Industrials Stocks Moving In Wednesday's Intraday Session

$MESA SEC Filings

Mesa Air Group Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form 10-Q filed by Mesa Air Group Inc.

Mesa Air Group Inc. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Regulation FD Disclosure, Financial Statements and Exhibits

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Mesa Air Group Reports Third Quarter Fiscal 2024 Results

Mesa Air Group Discloses Notice from Nasdaq

Mesa Announces Action to Balance Pilot Supply

Mesa Air Group Reports Fourth Quarter and Fiscal Full-Year 2023 Results

Mesa Air Group Enters New Agreements with United Airlines for Improved Operating and Financing Terms and Provides Update on CRJ-900 Asset Sale Program

Mesa Air Group Announces Intent to File Form 12b-25 and Delay Its Fourth Quarter and Fiscal Year 2023 Earnings Release and Conference Call

$MESA Leadership Updates

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Mesa Airlines Launches Independent Pilot Time Building Program for Aspiring Pilots

Mesa Airlines Names Andrew Lotter as Vice President of Flight Operations

Mesa Airlines Names Lorraine Dimarco as Vice President of Maintenance

$MESA Large Ownership Changes

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SEC Form SC 13D/A filed by Mesa Air Group Inc. (Amendment)

SEC Form SC 13D/A filed by Mesa Air Group Inc. (Amendment)

SEC Form SC 13D filed by Mesa Air Group Inc.

$MESA Analyst Ratings

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Mesa Air Group downgraded by Raymond James

Mesa Air downgraded by BofA Securities with a new price target

Raymond James reiterated coverage on Mesa Air Group with a new price target

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