Mesa Announces Action to Balance Pilot Supply [Yahoo! Finance]
Mesa Air Group, Inc. (MESA)
Last mesa air group, inc. earnings: 2/10 04:02 pm
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Source: Yahoo! Finance
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 increase our pilot hiring, including our Mesa Pilot Development (MPD) program. However, attrition has fallen more precipitously than expected at Mesa in the past few months, in part due to the slowdown or cessation of hiring across most airlines. In addition, we believe the industry-wide pipeline will continue to improve as pilots previously denied the opportunity to fly commercially due to the lack of 1,500 hours finally achieve requisite flight time
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MESA
News
- Mesa Air Group Discloses Notice from Nasdaq [Yahoo! Finance Canada]Yahoo! Finance Canada
- Mesa Air Group Discloses Notice from NasdaqAccesswire
- Mesa Announces Action to Balance Pilot SupplyGlobeNewswire
- Mesa Air Group Reports Second Quarter Fiscal 2024 Results [Yahoo! Finance]Yahoo! Finance
- Mesa Air Group Reports Second Quarter Fiscal 2024 ResultsGlobeNewswire
MESA
Sec Filings
- 8/20/24 - Form 8-K
- 8/16/24 - Form 8-K
- 8/9/24 - Form NT
- MESA's page on the SEC website