Company Watch - Mesa Air Group.Nov 27, 2006 Mesa Air Group Mesa Air Group (NASDAQ: MESA) is a Nevada Corporation[1] commercial aviation holding company with headquarters in Phoenix, Arizona. The company operates three regional airline subsidiaries: Mesa Airlines, Freedom Airlines, and Air Midwest, and five supporting fourth quarter in which profits plunged to $4.8 million from $15 million, Ornstein said that "higher than anticipated engine and crew training expenses" were the primary drag on Verb 1. drag on - last unnecessarily long drag out last, endure - persist for a specified period of time; "The bad weather lasted for three days" 2. the bottom line. The company spent $7.8 million more than anticipated on engine overhauls due to two early aircraft lease returns and two unscheduled removals. Nov 22, 2006 Mesa Air Group full-year revenue rose 17.7% to $1.34 billion thanks to a 13.4% increase in passenger numbers to 14.8 million and a 7.1% lift in yield to 19.5 cents. Expenses were up 22.8% to $1.24 billion and operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. fell 22% to $100.8 million from $129.3 million in the previous fiscal year. Nov 22, 2006 Mesa Air Group operating for US Airways, Delta Air Lines and United Airlines and independently as Mesa Airlines Mesa Airlines is an American airline based in Phoenix, Arizona, United States. It is a FAA Part 121 certificated air carrier operating under air carrier certificate number MASA036A issued on June 29 1979. It is a subsidiary of Mesa Air Group. and go!, the company flew 6.84 billion RPMs in the fiscal year, 10.6% above the previous year. Capacity grew 4.9% to 9.14 billion ASMs, lifting load factor 3.8 points to 74.8%. Unit revenues rose 12.3% to 14.6 cents and operating CASM CASM Cost per Available Seat Mile CASM Communities and Small-scale Mining CASM Canadian Academy of Sports Medicine CASM Certificate of Advanced Study in Mathematics (Univeristy of Cambridge, UK) CASM Coherent Adaptive Subcarrier Modulation climbed 16.4% to 13.5 cents, or 4.9% to 8.5 cents excluding fuel. Mesa said the gradual ASM (1) (Association for Systems Management) An international membership organization based in Cleveland, Ohio. Founded in 1947 and disbanded in 1996, it sponsored conferences in all phases of administrative systems and management. increase was the result of a change in fleet deployment and utilization that resulted from transitioning several aircraft from US to Delta Connection. Nov 22, 2006 Poor fourth quarter leaves mark on Mesa's full-year result. Mesa Air Group's fiscal year ended Sept. 30 with a thud as a poor fourth quarter left the company $34 million in the black but with a 40.3% earnings decline from a profit of $56.9 million in the 2004-05 financial year. Mesa Air Group fourth-quarter revenues rose 17.3% to $362.5 million against a 26.6% increase in expenses to $345.9 million. Operating income fell 53.7% to $16.6 million. Nov 22, 2006 Mesa Air Group's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jonathan Ornstein's job was to accentuate the positive about a year that featured the controversial launch of Mesa's Hawaiian regional operation go!. Nov 22, 2006 Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Nov 13, 2006 |
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