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MESA REPORTS RECORD SECOND-QUARTER EARNINGS AND APRIL TRAFFIC

 MESA REPORTS RECORD SECOND-QUARTER EARNINGS AND APRIL TRAFFIC
 FARMINGTON, N.M., May 6 /PRNewswire/ -- Mesa Airlines Inc. (NASDAQ: MESA) today reported earnings for the second quarter of its 1992 fiscal year and traffic figures for the month of April. The company had operating income of $5,013,000 on $32,398,000 of operating revenue, with a net income of $3,047,000, an increase of 289 percent over the like period last year. With average shares outstanding of 6,515,000, the company had earnings per share of 47 cents, an increase of 135 percent over last year. This equals a record earnings per share in the company's third quarter of 1990.
 Total passengers increased to 370,065 compared to 219,802. Yield per revenue passenger mile was up to 40.1 cents from 34.5 cents while the operating cost per available seat mile rose slightly to 14.8 cents from 14.6 cents in the second quarter one year ago but dropped .9 cent from the first quarter cost per ASM of 15.7 cents.
 In April the airline carried 122,145 passengers, an 86.6 percent increase over April 1991. Available seat miles increased to 63,494,000, up 81.5 percent and revenue passenger miles were 25,240,000, an 81 percent increase. Load factor decreased slightly from 39.9 percent to 39.8 percent.
 "The strong emphasis we have placed on controlling costs has allowed the company to continue to profitably expand at a time when the airline industry as a whole has experienced significant difficulties," said Mesa President Larry Risley. "In addition, the quality of our operation measured by the company's on-time performance, reliability and customer service has been excellent. I would like to thank all of our folks for a job very well done."
 Mesa Airlines operates as an independent carrier out of its Albuquerque and Phoenix hubs and as a United Express carrier out of its Denver hub. Skyway Airlines, a division of Mesa Airlines, operates as a code-share with Midwest Express Airlines out of its Milwaukee hub. Air Midwest is a wholly owned subsidiary operating as a code-share with USAir out of its Kansas City, Mo. hub. The FloridaGulf division also operates as USAir Express in Tampa, Fla.
 MESA AIRLINES INC.
 For the Three For the Six
 Months Ended Months Ended
 March 31, March 31,
 1992 1991 1992 1991
 Financial Summary
 Operating
 revenues $32,397,522 $16,634,647 $59,351,484 $33,465,165
 Operating
 income 5,012,698 1,174,235 8,143,753 1,992,972
 Net income 3,046,918 783,612 4,986,520 1,327,528
 Net income
 per share .47 .20 .77 .40
 Average shares
 outstanding 6,514,719 3,823,810 6,488,670 3,338,955
 Operating Statistics
 Passengers 370,065 219,802 687,701 437,075
 Available seat
 miles (000) 185,223 106,149 336,628 205,625
 Revenue passenger
 miles (000) 75,909 46,316 141,917 91,976
 Load factor (pct.) 41.0 43.6 42.2 44.7
 Yield per revenue
 passenger
 mile (cents) 40.1 34.5 39.2 34.9
 Operating cost
 per available
 seat mile (cents) 14.8 14.6 15.2 15.3
 MESA AIRLINES INC.
 TRAFFIC
 April Percent Year-to-Date Percent
 1992 1991 Change 1992 1991 Change
 Passengers
 Carried: 122,145 65,464 86.6 492,210 285,266 72.5
 Revenue
 Passenger
 Miles (000): 25,240 13,947 81.0 101,149 60,263 67.8
 Available
 Seat
 Miles (000): 63,494 34,980 81.5 248,717 141,129 76.2
 Load
 Factor (pct.): 39.8 39.9 <0.1> 40.7 42.7 <2.0>
 -0- 5/6/92
 /CONTACT: Gary Risley or Jonathan Ornstein both of Mesa Airlines, 505-327-0271/
 (MESA) CO: Mesa Airlines Inc. ST: New Mexico IN: AIR SU: ERN


MC-BB -- DV004 -- 7150 05/06/92 13:43 EDT
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Publication:PR Newswire
Date:May 6, 1992
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