Mesa AirNASDAQ: MESA

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Mesa Air (NASDAQ: MESA ) stock is flying higher on Friday after the air carrier passenger scheduling services company announced an agreement with United Airlines (NASDAQ: UAL ). The new deal between Mesa Air and United Airlines amends the capacity purchase agreement and certain credit agreements between the two.

Mesa Air Group's shares jumped close 70% in Friday premarket trade after it announced a revised deal with United Airlines Holdings Inc (NASDAQ:UAL) that will boost revenue and improve liquidity at the struggling company.   The Phoenix, Arizona-based holding company for regional carrier Mesa Airlines also issued an update on its efforts to sell excess CRJ-900 aircraft and engines to reduce its debt and bolster liquidity.

Mesa Air Group, Inc. MESA, -3.42% said Thursday it plans to file a notification of a late filing for its annual report for the fiscal year ended Sept. 30. The filing will provide it with an automatic 15-day extension to release its 2023 10-K annual report.

Mesa Air Group has experienced a significant decline in stock value due to continued pilot shortages and a transition period. The company is still losing money despite transitioning to a profitable agreement with United Airlines. Mesa Air Group is focused on reducing debt and improving liquidity through the sale of aircraft and engines.

Mesa Air Group, Inc. (NASDAQ:MESA ) Q3 2023 Earnings Conference Call August 9, 2023 4:30 PM ET Company Participants Jonathan Ornstein - Chairman and Chief Executive Officer Michael Lotz - President Torque Zubeck - Chief Financial Officer Conference Call Participants Savanthi Syth - Raymond James Helane Becker - TD Cowen Andrew Didora - Bank of America Michael Linenberg - Deutsche Bank Operator Thank you for standing by, and welcome to the Mesa Airlines Q3 Fiscal Year 2023 Conference Call. [Operator Instructions] This call is being recorded.

Mesa Air (MESA) came out with a quarterly loss of $0.67 per share versus the Zacks Consensus Estimate of a loss of $0.33. This compares to loss of $0.20 per share a year ago.

PHOENIX, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) will release its third quarter earnings results for fiscal year 2023 after the market closes on Wednesday, August 9th. The company will also host a conference call to discuss the results on August 9th at 4:30 pm Eastern Time.

PHOENIX, May 12, 2023 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today announced that it will provide an audio webcast of a virtual fireside chat with Torque Zubeck, Mesa's Chief Financial Officer, at the BofA Securities 30th Annual Transportation, Airlines and Industrials Conference on Thursday, May 18th.