Mesa Air Group reported a net loss of $2.7 million in its fiscal third quarter ended June 30, an improvement from the $3.7 million loss suffered during the same period one year ago. Operating revenue was $232.6 million, down 34.3%, primarily owing to capacity reductions and lower fuel revenue under its fee-for-departure agreements. Operating expenses fell 36% to $228.4 million and operating income was $4.2 million, a reversal from the $3.2 million loss in the year-ago quarter. Mesa operates ...

Subscribe to Access this Entire Article

"Mesa narrows loss to $2.7 million" 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? ATWPlus@penton.com.