Mesa Air Group Announces Increased Utilization from Fourth Calendar Quarter 2024 to First Calendar Quarter 2025 [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
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 quarter of 2025. Utilization is planned to reach 9.8 block hours per day by March 2025, or a 10% increase from the fourth calendar quarter of 2024. Further improvement in aircraft utilization is anticipated in the second calendar quarter of 2025. While still below pre-Covid levels, the increase in utilization is a result of significantly reduced attrition throughout all work groups, more optimal scheduling practices, and improved operational performance. Mesa has experienced only one controllable cancel in the fourth calendar quarter 2024. “This is an important and long-awaited step in improved financial results. While the recovery took somewhat longer than anticipated, we have begun to see significant progress and are
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MESA
News
- Mesa Air Group Announces Increased Utilization from Fourth Calendar Quarter 2024 to First Calendar Quarter 2025GlobeNewswire
- Mesa Air Non-GAAP EPS of -$0.23, revenue of $110.8M Oct. 16, 2024 7:15 AM ET By: Deepa Sarvaiya , SA News Editor [Seeking Alpha]Seeking Alpha
- Mesa Air Group Reports Third Quarter Fiscal 2024 ResultsGlobeNewswire
MESA
Sec Filings
- 10/16/24 - Form 8-K
- 10/15/24 - Form 10-Q
- MESA's page on the SEC website