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Mesa profits climb in second quarter
Mesa Air Group reported net income of $10.8 million for the fiscal second quarter ended March 31, up significantly over net income of $1.8 million in the year-ago period.
Excluding a one-time gain of $0.6 million related to a settlement with a vendor and $1.6 million in net investment losses, pro forma net income was $11.9 million, a 23.5% increase over pro forma net income of $9.6 million in the 2004 period.