Mesa Air Group falls after wider-than-expected Q2 loss

Republic Airways Holdings

10/05/2023 17:53

** Shares of Mesa Air Group Inc  MESA.O  down nearly 25%
at$1.55, set for its biggest one-day fall since December, if
losses hold  
    ** Co on Tuesday reported Q2 adj loss per share of $0.53 vs
analysts' estimates of $0.27, as per Refinitiv data 
    ** MESA says the results reflect the ongoing transition of
its Bombardier CJR-900 fleet from American Eagle to United
Express 
    ** Q2 revenue of $121.83 mln below analysts' estimates of
$138.72 mln 
    ** YTD, shares have risen 1.96% vs a 3.8% gain in S&P 500
Passenger Airlines Index  .SPLRCAIR 

 (Reporting by Ananta Agarwal in Bengaluru)
 ((Ananta.Agarwal@thomsonreuters.com))