Mesa Air Group, Inc. (NASDAQ: MESA) today reported second
quarter Fiscal Year 2019 financial and operating results.
Highlights for Second Quarter Fiscal
Year 2019 (ending March 31, 2019)
- Net Income of $13.2 million
or $0.38 per diluted share
- Adjusted Net Income1 of
$16.0 million or $0.46 per diluted share
- Pre-tax income of $17.3
million compared to $3.0 million for Q2 FY 2018
- Adjusted Pre-tax income1 of
$21.0 million compared to $3.0 million for Q2 FY 2018
- Block hours up 14.5%
compared to Q2 FY 2018
- Contract Revenue up by 8.5%
compared to Q2 FY 2018
- Extinguished existing and
issued new spare engine debt at lower interest rates
Mesa’s Q2 2019 results reflect net income of
$13.2 million, or $0.38 per diluted share, compared to net income
of $2.4 million, or $0.10 per diluted share for Q2 2018. Excluding
special items, adjusted net income1 was $16.0 million for Q2 2019,
or $0.46 per diluted share, compared to $2.4 million, or $0.10 per
diluted share for Q2 2018. Mesa’s Q2 2019 pre-tax income was $17.3
million, compared to $3.0 million for Q2 2018. Excluding special
items, adjusted pre-tax income was $21.0 million for Q2 2019,
compared to $3.0 million for Q2 2018. In addition, Mesa’s Adjusted
EBITDA1 for Q2 2019 was $53.7 million, compared to $32.0 million in
Q2 2018 and Adjusted EBITDAR1 was $67.8 million, compared to $50.3
million in Q2 2018. On January 29, 2019 the company closed on a
$91.2 million five-year term loan at LIBOR +3.1%. The proceeds were
used to pay down existing debt at LIBOR +7.25% plus yield
enhancement of 1.5%.
Mesa operated 112,030 block hours during Q2
2019, an increase of 14.5% from Q2 2018 of 97,853. Operationally,
we ran a 99.6% controllable completion factor and a 97.4% total
completion factor, which includes weather and other uncontrollable
cancellations.
“We continue to execute our plan of increased
block hours, which contributed to our nearly six-fold increase in
pre-tax earnings year-over-year,” stated Jonathan Ornstein,
Chairman and Chief Executive Officer. “We continue to make
significant investments primarily in pilot training and our
maintenance capabilities.”
Mike Lotz, President and Chief Financial
Officer, continued, “Our Q2 year to date diluted EPS of $0.92 and
adjusted diluted EPS1 of $1.00 is consistent with our plan. The
decrease in diluted EPS for Q2 versus Q1 is primarily driven by the
timing of heavy maintenance events. During the Quarter we finalized
our purchase agreement with GECAS for ten (10) leased CRJ-700
aircraft currently operating at United and expect to finalize the
financing this quarter. Upon completion of the transaction we will
have reduced the number of leased aircraft with third parties to
18."
“I am delighted to have joined Mesa and believe
the company has positioned itself to be a leading U.S. regional
airline, given its cost structure and improving operational
performance, as evidenced by our improvement in controllable
completion factor from 98.8% in Q2 2018 to 99.6% in Q2 2019,” said
Brad Rich, Mesa’s recently appointed Executive Vice President and
Chief Operating Officer. Rich previously served as Senior Vice
President of United Express Operations for United Airlines and
prior to that was President of SkyWest, Inc. “I look forward to
working with our partners at United and American.”
1 See Reconciliation of non-GAAP financial
measures
Outlook
The Company is providing the following guidance
for the third quarter of FY 2019:
Fleet, Block Hours, Engine Expenses –
Actual and Forecast (unaudited)
|
|
FY '18 Q3 |
|
|
FY '18 Q4 |
|
|
FY '19 Q1 |
|
|
FY '19 Q2 |
|
|
FY '19 Q3 |
|
|
|
Qtr Ended |
|
|
Qtr Ended |
|
|
Qtr Ended |
|
|
Qtr Ended |
|
|
Qtr Ended |
|
|
|
Jun '18 |
|
|
Sep '18 |
|
|
Dec '18 |
|
|
Mar '19 |
|
|
Jun '19 |
|
Fleet
Count |
|
(Actual) |
|
|
(Actual) |
|
|
(Actual) |
|
|
(Actual) |
|
|
(Forecast) |
|
E-175 |
|
|
58 |
|
|
|
60 |
|
|
|
60 |
|
|
|
60 |
|
|
|
60 |
|
CRJ-900 |
|
|
64 |
|
|
|
64 |
|
|
|
64 |
|
|
|
64 |
|
|
|
62 |
|
CRJ-700 |
|
|
20 |
|
|
|
20 |
|
|
|
20 |
|
|
|
20 |
|
|
|
20 |
|
Total
CPA |
|
|
142 |
|
|
|
144 |
|
|
|
144 |
|
|
|
144 |
|
|
|
142 |
|
Non-CPA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CRJ-900 |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
2 |
|
CRJ-200 |
|
|
1 |
|
|
|
1 |
|
|
|
1 |
|
|
|
1 |
|
|
|
1 |
|
Total
Fleet |
|
|
143 |
|
|
|
145 |
|
|
|
145 |
|
|
|
145 |
|
|
|
145 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Production |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Block
Hours |
|
|
102,939 |
|
|
|
112,475 |
|
|
|
115,000 |
|
|
|
112,030 |
|
|
|
115,203 |
|
Block Hours per day
per Aircraft |
|
|
8.0 |
|
|
|
8.5 |
|
|
|
8.7 |
|
|
|
8.6 |
|
|
|
8.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non Pass-Through
Engine Expense |
|
$ |
8.5 |
|
|
$ |
2.4 |
|
|
$ |
2.6 |
|
|
$ |
5.6 |
|
|
$ |
8.7 |
|
Reconciliation of non-GAAP financial
measures
Although these financial statements are prepared
in accordance with accounting principles generally accepted in the
U.S. (“GAAP”), certain non-GAAP financial measures may provide
investors with useful information regarding the underlying business
trends and performance of Mesa’s ongoing operations and may be
useful for period-over-period comparisons of such operations. The
tables below reflect supplemental financial data and
reconciliations to GAAP financial statements for the three months
ended March 31, 2019 and the three months ended March 31,
2018. Readers should consider these non-GAAP measures in addition
to, not a substitute for, financial reporting measures prepared in
accordance with GAAP. These non-GAAP financial measures exclude
some, but not all items that may affect the Company’s net income.
Additionally, these calculations may not be comparable with
similarly titled measures of other companies.
Reconciliation of GAAP versus Non-GAAP
Disclosures (unaudited)(In thousands, except for per
diluted share)
|
|
Three months ended March 31, 2019 |
|
|
|
Income BeforeTaxes |
|
|
Income TaxExpense |
|
|
NetIncome |
|
|
Net IncomeperDiluted Share |
|
GAAP Income |
|
|
17,335 |
|
|
|
(4,086 |
) |
|
|
13,249 |
|
|
$ |
0.38 |
|
FY19 Adjustments (1) |
|
|
3,616 |
|
|
|
(852 |
) |
|
|
2,763 |
|
|
|
|
|
Adjusted Income |
|
|
20,951 |
|
|
|
(4,938 |
) |
|
|
16,012 |
|
|
$ |
0.46 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Expense |
|
|
13,772 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Income |
|
|
(299 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and
Amortization |
|
|
19,276 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted EBITDA |
|
|
53,700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aircraft Rent |
|
|
14,110 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted EBITDAR |
|
|
67,810 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended March 31, 2018 |
|
|
|
Income BeforeTaxes |
|
|
Income TaxExpense |
|
|
NetIncome |
|
|
Net IncomeperDiluted Share |
|
GAAP Income |
|
|
2,980 |
|
|
|
(608 |
) |
|
|
2,372 |
|
|
$ |
0.10 |
|
FY18 Adjustments |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
Adjusted Income |
|
|
2,980 |
|
|
|
(608 |
) |
|
|
2,372 |
|
|
$ |
0.10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Expense |
|
|
13,343 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Income |
|
|
(10 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and
Amortization |
|
|
15,666 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted EBITDA |
|
|
31,979 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aircraft Rent |
|
|
18,319 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted EBITDAR |
|
|
50,298 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of GAAP versus Non-GAAP
Disclosures (unaudited)(In thousands, except for per
diluted share)
|
|
Six months ended March 31, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income BeforeTaxes |
|
|
Income TaxExpense |
|
|
Netincome |
|
|
Net IncomeperDiluted Share |
|
GAAP Income |
|
|
42,365 |
|
|
|
(10,035 |
) |
|
|
32,330 |
|
|
$ |
0.92 |
|
FY19 Adjustments (1) |
|
|
3,616 |
|
|
|
(852 |
) |
|
|
2,763 |
|
|
|
|
|
Adjusted Income |
|
|
45,981 |
|
|
|
(10,887 |
) |
|
|
35,093 |
|
|
$ |
1.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Expense |
|
|
28,614 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Income |
|
|
(455 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and
Amortization |
|
|
37,767 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted EBITDA |
|
|
111,907 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aircraft Rent |
|
|
28,229 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted EBITDAR |
|
|
140,136 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended March 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income BeforeTaxes |
|
|
Income TaxExpense |
|
|
Netincome |
|
|
Net IncomeperDiluted Share |
|
GAAP Income |
|
|
3,815 |
|
|
|
21,181 |
|
|
|
24,996 |
|
|
$ |
1.06 |
|
FY18 Adjustments (2) |
|
|
- |
|
|
|
(22,438 |
) |
|
|
(22,438 |
) |
|
|
|
|
Adjusted Income |
|
|
3,815 |
|
|
|
(1,257 |
) |
|
|
2,558 |
|
|
$ |
0.11 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Expense |
|
|
27,474 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Income |
|
|
(19 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and
Amortization |
|
|
31,598 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted EBITDA |
|
|
62,868 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aircraft Rent |
|
|
36,582 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted EBITDAR |
|
|
99,450 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjustments for three months and six months
ended March 31, 2019 and 2018:
- Includes adjustment for loss on extinguishment of debt of $3.6
million related to repayment of the Company’s Spare Engine
Facility.
- Includes adjustment for tax benefit resulting from the Tax Cuts
and Jobs Act enacted during Q1 2018. The Act reduces the corporate
tax rate to 21 percent, effective January 1, 2018.
Mesa Air Group will host a conference call
with analysts on Friday, May 10 at 1:00pm
EDT/10:00am PDT. The conference call number is 888-469-2054
(Passcode: Phoenix). The conference call can also be accessed
live via the web by
visiting https://edge.media-server.com/m6/p/ndxbvumn. A
recorded version will be available on Mesa’s website approximately
two hours after the call for approximately 14 days.
About Mesa Air Group,
Inc.
Headquartered in Phoenix, Arizona, Mesa Air
Group is the commercial aviation holding company of Mesa Airlines,
a regional air carrier providing scheduled passenger service to 121
cities in 39 states, the District of Columbia, Canada, Mexico,
Cuba, and the Bahamas. As of April 30, 2019, Mesa operated a fleet
of 145 aircraft with approximately 601 daily departures and 3,400
employees. Mesa operates all of its flights as either American
Eagle or United Express flights pursuant to the terms of capacity
purchase agreements entered into with American Airlines, Inc. and
United Airlines, Inc.
Forward-Looking Statements
This news release contains forward looking
statements, including, but not limited to, (i) the fleet and block
hours forecast of Mesa for the third quarter of fiscal
2019, (ii) the major non pass-through engine overhaul expense
forecast for the same fiscal periods, and (iii) the Company’s
expectations regarding completing the purchase of ten GECAS leased
aircraft. These forward-looking statements are based on Mesa’s
current expectations and are subject to uncertainty and changes in
circumstances. Actual results may differ materially from these
expectations due to changes in global, regional or local economic,
business, competitive, market, regulatory and other factors, many
of which are beyond Mesa’s control. Any forward-looking statement
in this release speaks only as of the date of this
release. Mesa undertakes no obligation to publicly update
or review any forward-looking statement, whether as a result of new
information, future developments or otherwise, except as may be
required by any applicable securities laws.
MESA AIR GROUP,
INC.Condensed Consolidated Statements of
Operations(In thousands, except per share amounts)
(Unaudited)
|
|
Three Months EndedMarch 31, |
|
|
Six Months EndedMarch 31, |
|
|
|
2019 |
|
|
2018 |
|
|
2019 |
|
|
2018 |
|
Operating revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contract revenue |
|
$ |
169,771 |
|
|
$ |
156,515 |
|
|
$ |
340,220 |
|
|
$ |
310,904 |
|
Pass-through and other |
|
|
7,376 |
|
|
|
11,125 |
|
|
|
15,083 |
|
|
|
21,420 |
|
Total operating revenues |
|
|
177,147 |
|
|
|
167,640 |
|
|
|
355,303 |
|
|
|
332,324 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Flight operations |
|
|
49,366 |
|
|
|
54,647 |
|
|
|
102,611 |
|
|
|
103,807 |
|
Fuel |
|
|
101 |
|
|
|
130 |
|
|
|
222 |
|
|
|
198 |
|
Maintenance |
|
|
45,380 |
|
|
|
51,409 |
|
|
|
85,182 |
|
|
|
105,756 |
|
Aircraft rent |
|
|
14,110 |
|
|
|
18,319 |
|
|
|
28,229 |
|
|
|
36,582 |
|
Aircraft and traffic
servicing |
|
|
1,065 |
|
|
|
783 |
|
|
|
1,999 |
|
|
|
1,744 |
|
General and administrative |
|
|
13,472 |
|
|
|
10,337 |
|
|
|
25,686 |
|
|
|
21,267 |
|
Depreciation and
amortization |
|
|
19,276 |
|
|
|
15,666 |
|
|
|
37,767 |
|
|
|
31,598 |
|
Total operating expenses |
|
|
142,770 |
|
|
|
151,291 |
|
|
|
281,696 |
|
|
|
300,952 |
|
Operating income |
|
|
34,377 |
|
|
|
16,349 |
|
|
|
73,607 |
|
|
|
31,372 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other (expenses) income,
net: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
|
(13,772 |
) |
|
|
(13,343 |
) |
|
|
(28,614 |
) |
|
|
(27,474 |
) |
Interest income |
|
|
299 |
|
|
|
10 |
|
|
|
455 |
|
|
|
19 |
|
Loss on extinguishment of
debt |
|
|
(3,616 |
) |
|
|
- |
|
|
|
(3,616 |
) |
|
|
- |
|
Other income (expense) |
|
|
47 |
|
|
|
(36 |
) |
|
|
533 |
|
|
|
(102 |
) |
Total other (expense), net |
|
|
(17,042 |
) |
|
|
(13,369 |
) |
|
|
(31,242 |
) |
|
|
(27,557 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before taxes |
|
|
17,335 |
|
|
|
2,980 |
|
|
|
42,365 |
|
|
|
3,815 |
|
Income tax expense (benefit) |
|
|
4,086 |
|
|
|
608 |
|
|
|
10,035 |
|
|
|
(21,181 |
) |
Net income |
|
$ |
13,249 |
|
|
$ |
2,372 |
|
|
$ |
32,330 |
|
|
$ |
24,996 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per share attributable
to common shareholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
0.38 |
|
|
$ |
0.10 |
|
|
$ |
0.93 |
|
|
$ |
1.07 |
|
Diluted |
|
$ |
0.38 |
|
|
$ |
0.10 |
|
|
$ |
0.92 |
|
|
$ |
1.06 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average common shares
outstanding |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
34,699 |
|
|
|
23,282 |
|
|
|
34,607 |
|
|
|
23,279 |
|
Diluted |
|
|
34,962 |
|
|
|
23,570 |
|
|
|
35,041 |
|
|
|
23,530 |
|
MESA AIR GROUP,
INC.Condensed Consolidated Balance
Sheets(In thousands) (Unaudited)
|
|
March 31,2019 |
|
|
September 30,2018 |
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS: |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
77,743 |
|
|
$ |
103,311 |
|
Marketable securities |
|
|
- |
|
|
|
19,921 |
|
Restricted cash |
|
|
3,646 |
|
|
|
3,823 |
|
Receivables - less allowance for doubtful accounts |
|
|
12,071 |
|
|
|
14,290 |
|
Expendable parts and supplies - less obsolescence allowance |
|
|
19,229 |
|
|
|
15,658 |
|
Prepaid expenses and other current assets |
|
|
47,451 |
|
|
|
40,914 |
|
Total current assets |
|
|
160,140 |
|
|
|
197,917 |
|
|
|
|
|
|
|
|
|
|
PROPERTY AND EQUIPMENT, NET |
|
|
1,237,615 |
|
|
|
1,250,829 |
|
INTANGIBLES, NET |
|
|
10,437 |
|
|
|
11,341 |
|
LEASE AND EQUIPMENT DEPOSITS |
|
|
6,916 |
|
|
|
2,598 |
|
OTHER ASSETS |
|
|
10,178 |
|
|
|
9,703 |
|
TOTAL |
|
$ |
1,425,286 |
|
|
$ |
1,472,388 |
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS’ EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT LIABILITIES: |
|
|
|
|
|
|
|
|
Current portion of debt and capital leases |
|
$ |
147,114 |
|
|
$ |
155,170 |
|
Accounts payable |
|
|
40,527 |
|
|
|
54,307 |
|
Accrued compensation |
|
|
11,675 |
|
|
|
12,208 |
|
Other accrued expenses |
|
|
27,344 |
|
|
|
29,696 |
|
Total current liabilities |
|
|
226,660 |
|
|
|
251,381 |
|
|
|
|
|
|
|
|
|
|
NONCURRENT LIABILITIES: |
|
|
|
|
|
|
|
|
Long-term debt and capital leases - excluding current portion |
|
|
696,856 |
|
|
|
760,177 |
|
Deferred credits |
|
|
14,680 |
|
|
|
15,393 |
|
Deferred income taxes |
|
|
49,836 |
|
|
|
39,797 |
|
Other noncurrent liabilities |
|
|
27,969 |
|
|
|
31,173 |
|
Total noncurrent liabilities |
|
|
789,341 |
|
|
|
846,540 |
|
Total liabilities |
|
|
1,016,001 |
|
|
|
1,097,921 |
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS' EQUITY: |
|
|
|
|
|
|
|
|
Preferred stock of no par value, 5,000,000 shares authorized; no
shares issued and outstanding |
|
|
— |
|
|
|
— |
|
Common stock of no par value and additional paid-in capital,
125,000,000 shares authorized; 27,969,475 (2019) and
23,902,903 (2018) shares issued and outstanding, and
6,780,297 (2019) and 10,614,990 (2018) warrants issued and
outstanding |
|
|
237,171 |
|
|
|
234,683 |
|
Retained earnings |
|
|
172,114 |
|
|
|
139,784 |
|
Total stockholders' equity |
|
|
409,285 |
|
|
|
374,467 |
|
TOTAL |
|
$ |
1,425,286 |
|
|
$ |
1,472,388 |
|
Operating Highlights
(unaudited)
|
|
Three months ended |
|
|
Six months ended |
|
|
|
March 31 |
|
|
March 31 |
|
|
|
2019 |
|
|
2018 |
|
|
Change |
|
|
2019 |
|
|
2018 |
|
|
Change |
|
Available Seat Miles
(thousands) |
|
|
2,654,286 |
|
|
|
2,313,068 |
|
|
|
14.8 |
% |
|
|
5,363,185 |
|
|
|
4,621,380 |
|
|
|
16.1 |
% |
Block Hours |
|
|
112,030 |
|
|
|
97,853 |
|
|
|
14.5 |
% |
|
|
227,030 |
|
|
|
195,559 |
|
|
|
16.1 |
% |
Departures |
|
|
59,225 |
|
|
|
51,679 |
|
|
|
14.6 |
% |
|
|
120,759 |
|
|
|
107,043 |
|
|
|
12.8 |
% |
Average Stage Length
(miles) |
|
|
589 |
|
|
|
588 |
|
|
|
0.2 |
% |
|
|
583 |
|
|
|
567 |
|
|
|
2.8 |
% |
Passengers |
|
|
3,483,947 |
|
|
|
3,021,514 |
|
|
|
15.3 |
% |
|
|
7,104,062 |
|
|
|
6,332,521 |
|
|
|
12.2 |
% |
Mesa Air Group, Inc.
Investor Relations Brian Gillman Investor.Relations@mesa-air.com
(602) 685-4010
Media Jack Hellie media@mesa-air.com (602) 685-4393
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