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Stock impact report

Mesa Air Group Reports Second Quarter Fiscal 2024 Results [Yahoo! Finance]

Mesa Air Group, Inc. (MESA) 
Last mesa air group, inc. earnings: 2/10 04:02 pm Check Earnings Report
Company Research Source: Yahoo! Finance
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 of $6.3 million or $0.15 per diluted share Adjusted EBITDAR of $28.2 million Flew 99.85% controllable completion factor Additional Updates Closed on additional five engines associated with RASPRO finance lease since June 2024 announcement Renegotiated operating lease on two CRJ aircraft into a fully amortized buyout lease, reducing payments by $9.5 million over life of lease “Our second quarter results have begun to demonstrate an improvement in our business and reflect our efforts over the past year-and-a-half to restructure and strengthen our operations, P&L, and balance sheet,” said Jonathan Ornstein, Chairman and CEO. “Given meaningfully improved block-hour rates on our E-175 flying, coupled with our initiatives to eliminate surplus CRJ assets, we achieved our first GAAP and adjus Show less Read more
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