Mesa Air Group reported third fiscal quarter earnings of $2.6 million, a 76.2% drop from the year-ago period. Revenue for the regional provider rose 5% to $355.9 million while operating expenses increased 10.2% to $343.4 million, dropping operating income 54.5% year-over-year to $12.5 million from $27.5 million. During the quarter ended June 30, Mesa placed two new CRJ700s into service for United Airlines and removed four 50-seat aircraft, eliminated three Dash 8s from its Delta Connection ...

Subscribe to Access this Entire Article

"Mesa Air Group's profits plunge" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.