Brief: Mesa Air Group Reports First Quarter Fiscal 2024 Results

Republic Airways Holdings

20/05/2024 13:17

Mesa Air Group Inc  MESA.O :
    * MESA AIR GROUP REPORTS FIRST QUARTER FISCAL 2024 RESULTS
    * MESA AIR GROUP INC - QTRLY  ADJUSTED LOSS PER SHARE $0.53
    * MESA AIR GROUP INC: QTRLY LOSS PER SHARE $1.41
    * MESA AIR GROUP INC - AS A RESULT OF REDUCTION IN CARGO
DEMAND,
MESA AND DHL MUTUALLY AGREED TO WIND DOWN CARGO OPERATION AS OF
FEBRUARY 2024
    * MESA AIR GROUP INC - AS PART OF AGREEMENT, DHL WILL
REIMBURSE
CERTAIN COSTS ASSOCIATED WITH WIND-DOWN
    * MESA AIR GROUP INC - PILOTS FROM CARGO OPERATION ARE
TRANSITIONING TO OPERATE MESA'S E-175 AIRCRAFT
    * MESA AIR GROUP INC - FOR SECOND FISCAL QUARTER OF 2024, WE
EXPECT TO REPORT AN ADJUSTED NET PROFIT FOR FIRST TIME IN TEN
QUARTERS
    * MESA AIR GROUP INC - EXPECT TO GENERATE BREAKEVEN CASH
FLOW FOR
REMAINDER OF FISCAL YEAR
    * MESA AIR GROUP INC - CONSISTENT WITH LONG-TERM FLEET PLAN,
INITIATED REDUCTION OF 12 CRJ-900S FROM CONTRACTED FLEET BY
AUGUST 2024

Source text for Eikon:  ID:nGNXhg8ny 
Further company coverage:  MESA.O