Mesa Air Group (MESA) Tops Q3 EPS by 36c, Revenues Miss

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Go back to Mesa Air Group (MESA) Tops Q3 EPS by 36c, Revenues Miss

Mesa Air Group Reports Third Quarter Fiscal 2020 Results

August 10, 2020 4:01 PM EDT

PHOENIX, Aug. 10, 2020 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported third quarter fiscal 2020 financial and operating results.

Mesa's Q3 2020 results reflect net income of $3.4 million, or $0.10 per diluted share, compared to net income of $3.0 million, or $0.09 per diluted share for Q3 2019. Mesa's Q3 2020 pre-tax income was $4.9 million, compared to $3.9 million for Q3 2019. Mesa's Q3 2020 adjusted pre-tax income1 was $4.9 million, compared to $13.4 million for Q3 2019.   In addition, Mesa's Adjusted EBITDA1 for Q3 2020 was $35.9 million, compared to $58.8 million in Q3 2019, and Adjusted EBITDAR1 was $51.5 million, compared to $58.8 million in Q3 2019.

The primary reason for the $8.5... More