Mesa Air Group Reports First Quarter Fiscal 2024 Results
PHOENIX, May 20, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today reported first quarter fiscal 2024 financial and operating results.
- PHOENIX, May 20, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today reported first quarter fiscal 2024 financial and operating results.
- “For the second fiscal quarter of 2024, we expect to report an adjusted net profit for the first time in ten quarters.
- Mesa’s Q1 2024 results include, per GAAP, the recognition of $3.0 million of previously deferred revenue, versus the recognition of $5.3 million in Q1 2023.
- Additionally, Mesa has made investments in REGENT, a developer and manufacturer of all-electric passenger seagliders, and Elroy Air, which is developing autonomous aircraft systems for air cargo and other applications.