Mesa Air Group Reports Third Quarter Fiscal 2024 Results
Mesa Air Group, Inc. (MESA)
Last mesa air group, inc. earnings: 2/10 04:02 pm
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Source: GlobeNewswire
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 request, agreed to accelerate transition of fleet to all E-175s by March 1, 2025United to reimburse costs up to $14 million associated with transitionUnited to purchase two CRJ-700s formerly leased to a third party for total proceeds of $11.0 million, $4.5 million of which will pay down the related out
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