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MESA AIRLINES INC. REPORTS YEAR-END EARNINGS

 FARMINGTON, N.M., Dec. 3 /PRNewswire/ -- Mesa Airlines Inc. (NASDAQ: MESA) today reported its earnings per share of $0.77 for the year ended Sept. 30, 1993, which includes $0.03 of extraordinary gain. This compares to $0.50 for the prior year. Earnings for the fourth quarter were $0.27 (inclusive of the extraordinary gain) as compared to $0.24 for the fourth quarter of 1992.
 Net earnings for the year were $26.4 million, compared to $14.3 million in the prior year, an increase of 85 percent. Operating revenues increased 12 percent to $354 million from $317 million in the prior year. Operating income was $41.9 million, compared to $25.6 million in the prior year, an increase of 64 percent.
 Mesa carried 4.4 million passengers, up 17 percent from 3.8 million in the prior year. A decrease in yield from 38.7 cents to 37.3 cents was more than offset by an increase in load factor from 47.6 percent to 50.3 percent. Operating cost decreased from 17.8 cents to 17.1 cents per available seat mile, which resulted in savings of $12 million.
 MESA AIRLINES INC.
 For the year ended Sept. 30,
 1993 1992
 Financial Summary
 Operating revenues (000) $353,640 $316,615
 Operating income (000) 41,851 25,562
 Net income (000) 26,352 14,272
 Net income per share .77 .50
 Average shares outstanding (000) 34,058 28,368
 Operating Statistics
 Passengers 4,449,492 3,801,756
 Available seat miles (000) 1,821,156 1,637,307
 Revenue passenger miles (000) 916,851 779,558
 Load factor 50.3 pct 47.6 pct
 Yield per revenue passenger mile 37.3 cents 38.7 cents
 Operating cost per
 available seat mile 17.1 cents 17.8 cents
 -0- 12/3/93
 /CONTACT: Jonathan Ornstein of Mesa Airlines, 505-327-0271/
 (MESA)


CO: Mesa Airlines Inc. ST: New Mexico IN: AIR SU: ERN

JL-MF -- LA004 -- 0107 12/03/93 08:45 EST
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Publication:PR Newswire
Date:Dec 3, 1993
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