Mesa Air Group posted a $13 million net profit in the first fiscal quarter ending Dec. 31, a 6.4% decline from $13.9 million earned in the year-ago quarter. The drop occurred despite a 22.2% rise in operating revenue to $323.6 million, which the carrier attributed to the addition of 13 regional jets to its fleet during calendar 2005. Expenses climbed 24.6% to $294.8 million, driven by a 56.2% hike in fuel costs to $104.8 million. Operating income rose just 1.8% to $28.8 million. "In spite of ...

Subscribe to Access this Entire Article

"Mesa's quarterly profits decline slightly" 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.