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Hot Stocks
Mesa Air offers accelerated path to 1,500 hours for pilots » 07:08
09/22/22
09/22
07:08
09/22/22
07:08
MESA

Mesa Air

$1.94 /

-0.065 (-3.25%)

Mesa Airlines announced…

Mesa Airlines announced that it has purchased 29 state-of-the-art Pipistrel Alpha Trainer 2 aircraft, with the option to buy an additional 75 over the next year. The new fleet will be the backbone of the Mesa Pilot Development Program, MPD, a major initiative to close the pilot shortage gap that has been affecting the industry over the last several years. As part of the program, pilots will be provided with the opportunity to accumulate up to 1,500 flight hours required to fly a commercial aircraft at Mesa Airlines. The company is investing in the new program to alleviate the pilot shortage while giving new pilots a direct route to a long-term career. Jonathan Ornstein, Chairman and CEO of Mesa said, "The pilot shortage could become a permanent feature of the airline industry if we don't get more aviators into the system," said Ornstein. "It is basic math. If there aren't enough trained pilots, customers suffer from loss of service and high-ticket prices." The aircraft will go into operation in Inverness, Florida starting in October 2022, with expansion to Arizona over the next year. At full strength, the fleet will have capacity for up to 2,000 daily hours of flying time and is expected to accommodate more than 1,000 pilots per year."

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MESA Mesa Air
$1.94 /

-0.065 (-3.25%)

MESA Mesa Air
$1.94 /

-0.065 (-3.25%)

09/08/22 Raymond James
Mesa Air downgraded to Underperform from Market Perform at Raymond James
05/11/22 Deutsche Bank
Mesa Air price target lowered to $3 from $5.50 at Deutsche Bank
02/04/22 Raymond James
Mesa Air downgraded to Market Perform from Outperform at Raymond James
02/04/22 Raymond James
Mesa Air downgraded to Market Perform from Outperform at Raymond James
MESA Mesa Air
$1.94 /

-0.065 (-3.25%)

Over a week ago
Downgrade
Mesa Air downgraded to Underperform from Market Perform at Raymond James » 07:09
09/08/22
09/08
07:09
09/08/22
07:09
MESA

Mesa Air

$2.45 /

+0.205 (+9.15%)

Raymond James analyst…

Raymond James analyst Savanthi Syth downgraded Mesa Air to Underperform from Market Perform. Syth believes the pilot rates being established across the regional industry will diminish the earnings power of regional airlines, particularly over the next two years, and thinks this challenge is likely to drive consolidation, the analyst tells investors in a research note.

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MESA Mesa Air
$2.45 /

+0.205 (+9.15%)

MESA Mesa Air
$2.45 /

+0.205 (+9.15%)

05/11/22 Deutsche Bank
Mesa Air price target lowered to $3 from $5.50 at Deutsche Bank
02/04/22 Raymond James
Mesa Air downgraded to Market Perform from Outperform at Raymond James
02/04/22 Raymond James
Mesa Air downgraded to Market Perform from Outperform at Raymond James
01/07/22 BofA
Mesa Air downgraded to Neutral from Buy at BofA
MESA Mesa Air
$2.45 /

+0.205 (+9.15%)

Over a month ago
Earnings
Mesa Air reports Q3 EPS (28c), consensus (22c) » 17:34
08/08/22
08/08
17:34
08/08/22
17:34
MESA

Mesa Air

$2.66 /

+0.135 (+5.35%)

Reports Q3 revenue…

Reports Q3 revenue $134.4M, consensus $123.82M. Jonathan Ornstein, chairman and CEO, said, "While demand remained resilient for the quarter, our financial results continue to be impacted by industry-wide, elevated pilot attrition and the significant reduction in the commercial pilot pipeline, exacerbated by the 1,500-hour rule. Looking forward, we intend to take dramatic action to address the pilot shortage through increased recruiting, additional simulator capacity, and expansion of our pilot pipeline. We are also pleased that United Airlines has expanded the Aviate program to include all of our pilots."

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MESA Mesa Air
$2.66 /

+0.135 (+5.35%)

MESA Mesa Air
$2.66 /

+0.135 (+5.35%)

05/11/22 Deutsche Bank
Mesa Air price target lowered to $3 from $5.50 at Deutsche Bank
02/04/22 Raymond James
Mesa Air downgraded to Market Perform from Outperform at Raymond James
02/04/22 Raymond James
Mesa Air downgraded to Market Perform from Outperform at Raymond James
01/07/22 BofA
Mesa Air downgraded to Neutral from Buy at BofA
MESA Mesa Air
$2.66 /

+0.135 (+5.35%)

Over a quarter ago
Hot Stocks
Mesa Air announces enhanced United Aviate partnership » 07:09
06/08/22
06/08
07:09
06/08/22
07:09
MESA

Mesa Air

$3.42 /

+0.39 (+12.87%)

Mesa Air Group announced…

Mesa Air Group announced that effective immediately Mesa Airlines pilots participating in United's Aviate career development program are now able to earn service credit, and count prior service, towards their United transition for flying across all of Mesa's operations, including American Eagle. The United Aviate program is designed to give pilots a clear path to the United Airlines flight deck while building their flight hours with Mesa. Previously, United Aviate participants could only earn service credit hours while flying aircraft operating as United Express. Mesa is pleased to communicate this opportunity to our pilots and is thankful to United for expanding the program's transition eligibility requirements. Chris Gill, Mesa Air Group MEC Chairman representing the Air Line Pilots Association, said, "We're glad Aviate has chosen to extend mainline advancement opportunities to all Mesa pilots. This represents a tremendous opportunity for our pilots, and I am confident it will also help Mesa retain and attract qualified pilots. It is our goal to help make Mesa the most attractive option for regional pilots." "We greatly appreciate the support and confidence our pilots have received from our partners at United Airlines. I believe this will make Mesa an even more attractive option for pilots entering commercial aviation. The career path of our pilots has never been more promising since I joined Mesa in 1988. I'd like to thank United and ALPA who helped make this happen," said Jonathan Ornstein, Chairman, and CEO of Mesa.

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MESA Mesa Air
$3.42 /

+0.39 (+12.87%)

MESA Mesa Air
$3.42 /

+0.39 (+12.87%)

05/11/22 Deutsche Bank
Mesa Air price target lowered to $3 from $5.50 at Deutsche Bank
02/04/22 Raymond James
Mesa Air downgraded to Market Perform from Outperform at Raymond James
02/04/22 Raymond James
Mesa Air downgraded to Market Perform from Outperform at Raymond James
01/07/22 BofA
Mesa Air downgraded to Neutral from Buy at BofA
MESA Mesa Air
$3.42 /

+0.39 (+12.87%)

MESA Mesa Air
$3.42 /

+0.39 (+12.87%)

MESA Mesa Air
$3.42 /

+0.39 (+12.87%)

Recommendations
Mesa Air price target lowered to $3 from $5.50 at Deutsche Bank » 07:15
05/11/22
05/11
07:15
05/11/22
07:15
MESA

Mesa Air

$2.68 /

-0.34 (-11.26%)

Deutsche Bank analyst…

Deutsche Bank analyst Michael Linenberg lowered the firm's price target on Mesa Air to $3 from $5.50 and keeps a Hold rating on the shares post the Q2 results. Pilot attrition expected to remain elevated causing block hour production to remain depressed, Linenberg tells investors in a research note.

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MESA Mesa Air
$2.68 /

-0.34 (-11.26%)

MESA Mesa Air
$2.68 /

-0.34 (-11.26%)

02/04/22 Raymond James
Mesa Air downgraded to Market Perform from Outperform at Raymond James
02/04/22 Raymond James
Mesa Air downgraded to Market Perform from Outperform at Raymond James
01/07/22 BofA
Mesa Air downgraded to Neutral from Buy at BofA
12/10/21 Deutsche Bank
Mesa Air downgraded to Hold from Buy at Deutsche Bank
MESA Mesa Air
$2.68 /

-0.34 (-11.26%)

MESA Mesa Air
$2.68 /

-0.34 (-11.26%)

MESA Mesa Air
$2.68 /

-0.34 (-11.26%)

Earnings
Mesa Air reports Q2 EPS ( 29c), consensus (31c) » 16:17
05/09/22
05/09
16:17
05/09/22
16:17
MESA

Mesa Air

$3.02 /

-0.28 (-8.48%)

Reports Q2 revenue…

Reports Q2 revenue $123.2M, consensus $124.61M. Jonathan Ornstein, Chairman and CEO, said, "While demand for our product remains strong, our financial results this quarter reflect the ongoing challenge of heightened pilot attrition. In January, our operational and financial performance was significantly impacted by Covid-related higher pilot absence rates which have since subsided. We remain focused on taking steps to address pilot attrition, including increased hiring, simulator capacity, and training capabilities, which has been exacerbated by the industry wide pilot shortage." Operationally, the Company ran a controllable completion factor of 96.8% for American and 96.7% for United during Q2 2022. This is compared to a controllable completion factor of 99.8% for American and 100.0% for United during Q2 2021. This excludes cancellations due to weather and air traffic control. As Covid-related cancellations declined, our controllable completion factors for both American and United were both 99.9% for the month of March. With respect to a total completion factor that includes all cancellations, Mesa reported a total completion factor of 93.5% for American and 93.7% for United during Q2 2022. This is compared to a total completion factor of 95.0% for American and 94.2% for United during Q2 2021.

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MESA Mesa Air
$3.02 /

-0.28 (-8.48%)

MESA Mesa Air
$3.02 /

-0.28 (-8.48%)

02/04/22 Raymond James
Mesa Air downgraded to Market Perform from Outperform at Raymond James
02/04/22 Raymond James
Mesa Air downgraded to Market Perform from Outperform at Raymond James
01/07/22 BofA
Mesa Air downgraded to Neutral from Buy at BofA
12/10/21 Deutsche Bank
Mesa Air downgraded to Hold from Buy at Deutsche Bank
MESA Mesa Air
$3.02 /

-0.28 (-8.48%)

MESA Mesa Air
$3.02 /

-0.28 (-8.48%)

MESA Mesa Air
$3.02 /

-0.28 (-8.48%)

Hot Stocks
Mesa Air appoints Amy Krallman as VP, human resources » 07:03
04/22/22
04/22
07:03
04/22/22
07:03
MESA

Mesa Air

$4.10 /

+0.205 (+5.26%)

Mesa Air Group named Amy…

Mesa Air Group named Amy Krallman as its new Vice President of Human Resources. Amy comes to Mesa from 7-Eleven where she served as Vice President of Human Resources in Dallas, Texas. She will be a key member of Mesa as she leads the Human Resources department.

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MESA Mesa Air
$4.10 /

+0.205 (+5.26%)

MESA Mesa Air
$4.10 /

+0.205 (+5.26%)

02/04/22 Raymond James
Mesa Air downgraded to Market Perform from Outperform at Raymond James
02/04/22 Raymond James
Mesa Air downgraded to Market Perform from Outperform at Raymond James
01/07/22 BofA
Mesa Air downgraded to Neutral from Buy at BofA
12/10/21 Deutsche Bank
Mesa Air downgraded to Hold from Buy at Deutsche Bank
MESA Mesa Air
$4.10 /

+0.205 (+5.26%)

MESA Mesa Air
$4.10 /

+0.205 (+5.26%)

MESA Mesa Air
$4.10 /

+0.205 (+5.26%)

Hot Stocks
Mesa Air appoints Christian Daoud as VP, maintenance and technical operations » 07:22
03/01/22
03/01
07:22
03/01/22
07:22
MESA

Mesa Air

$4.36 /

-0.21 (-4.60%)

Mesa Air Group named…

Mesa Air Group named Christian Daoud as its new Vice President of Maintenance and Technical Operations. Daoud is currently Senior Director of Technical Operations at Mesa and first worked for Mesa as a Lead Aircraft Mechanic in 2006. He will be taking over from Chris Toro and reporting directly to Executive VP and COO Brad Rich.

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MESA Mesa Air
$4.36 /

-0.21 (-4.60%)

MESA Mesa Air
$4.36 /

-0.21 (-4.60%)

02/04/22 Raymond James
Mesa Air downgraded to Market Perform from Outperform at Raymond James
02/04/22 Raymond James
Mesa Air downgraded to Market Perform from Outperform at Raymond James
01/07/22 BofA
Mesa Air downgraded to Neutral from Buy at BofA
12/10/21 Deutsche Bank
Mesa Air downgraded to Hold from Buy at Deutsche Bank
MESA Mesa Air
$4.36 /

-0.21 (-4.60%)

MESA Mesa Air
$4.36 /

-0.21 (-4.60%)

MESA Mesa Air
$4.36 /

-0.21 (-4.60%)

Earnings
Mesa Air reports Q EPS (26c), consensus (12c) » 16:04
02/09/22
02/09
16:04
02/09/22
16:04
MESA

Mesa Air

$5.26 /

+0.165 (+3.24%)

Reports Q1 revenue…

Reports Q1 revenue $147.8M, consensus $141.24M. Jonathan Ornstein, Chairman and CEO, said, "Mesa's results reflect the impact of Covid to our quarter's operations and financials. Its effect on this quarter was significant and unlike anything we have seen in twenty years. This was further impacted by elevated pilot attrition as the major and national airlines have accelerated hiring. Looking ahead, we are cautiously optimistic that we are already seeing a decrease in Covid-related absence rates. Managing through the challenges of pilot attrition in our core regional operation remains our team's top priority. Outside of our core regional operation, we continue to move forward with some of our important strategic initiatives. We are taking delivery of our third 737-400F aircraft this month. We also remain invested in electric aircraft companies Archer Aviation and Heart Aerospace as we look to position Mesa to be the regional airline leader in decarbonization and electric aircraft. Going forward, our strategy is to selectively look for other opportunities in aviation related, green technologies to ensure a leadership role in this area."

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MESA Mesa Air
$5.26 /

+0.165 (+3.24%)

MESA Mesa Air
$5.26 /

+0.165 (+3.24%)

02/04/22 Raymond James
Mesa Air downgraded to Market Perform from Outperform at Raymond James
02/04/22 Raymond James
Mesa Air downgraded to Market Perform from Outperform at Raymond James
01/07/22 BofA
Mesa Air downgraded to Neutral from Buy at BofA
12/10/21 Deutsche Bank
Mesa Air downgraded to Hold from Buy at Deutsche Bank
MESA Mesa Air
$5.26 /

+0.165 (+3.24%)

MESA Mesa Air
$5.26 /

+0.165 (+3.24%)

MESA Mesa Air
$5.26 /

+0.165 (+3.24%)

Downgrade
Mesa Air downgraded to Market Perform from Outperform at Raymond James » 07:22
02/04/22
02/04
07:22
02/04/22
07:22
MESA

Mesa Air

$4.96 /

-0.21 (-4.06%)

Raymond James analyst…

Raymond James analyst Savanthi Syth downgraded Mesa Air to Market Perform from Outperform without a price target, reflecting regional airline industry headwinds. The magnitude of the impact on earnings appears to be greater than previously anticipated, Syth tells investors in a research note, adding that much of this headwind should ease starting early 2023, though pushing back the anticipated earnings recovery by at least a year.

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MESA Mesa Air
$4.96 /

-0.21 (-4.06%)

MESA Mesa Air
$4.96 /

-0.21 (-4.06%)

02/04/22 Raymond James
Mesa Air downgraded to Market Perform from Outperform at Raymond James
01/07/22 BofA
Mesa Air downgraded to Neutral from Buy at BofA
12/10/21 Deutsche Bank
Mesa Air downgraded to Hold from Buy at Deutsche Bank
05/11/21 Deutsche Bank
Deutsche upgrades Mesa Air to Buy with $15 target after Q2 results
MESA Mesa Air
$4.96 /

-0.21 (-4.06%)

MESA Mesa Air
$4.96 /

-0.21 (-4.06%)

MESA Mesa Air
$4.96 /

-0.21 (-4.06%)

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