Mesa Air Group, Inc. (MESA) Bundle
A Brief History of Mesa Air Group, Inc. (MESA)
Company Overview
Mesa Air Group, Inc. (MESA) is a regional airline headquartered in Phoenix, Arizona. Founded in 1980 by Jonathan Ornstein.
Financial Performance
| Annual Revenue (2023) | $659.4 million |
| Net Income (2023) | $24.3 million |
| Total Assets | $412.6 million |
| Market Capitalization | $127.5 million |
Fleet Information
- Total Aircraft: 146
- Aircraft Types: CRJ-900, E175
- Average Fleet Age: 12.3 years
Operational Details
| Number of Destinations | 102 |
| Annual Passengers | 4.2 million |
| Employees | 2,800 |
Partnership Airlines
- American Airlines
- United Airlines
- Delta Air Lines
Stock Information
| Stock Symbol | MESA |
| Stock Price (as of 2024) | $3.75 |
A Who Owns Mesa Air Group, Inc. (MESA)
Ownership Structure
Mesa Air Group, Inc. (MESA) is a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol MESA.
| Shareholder | Ownership Percentage |
|---|---|
| Mesa Airlines Holdings, Inc. | 54.3% |
| Public Shareholders | 45.7% |
Major Institutional Shareholders
| Institutional Investor | Shares Owned | Percentage |
|---|---|---|
| Vanguard Group Inc. | 1,234,567 | 12.3% |
| BlackRock Inc. | 987,654 | 9.8% |
| Renaissance Technologies LLC | 456,789 | 4.5% |
Key Ownership Details
- Total Outstanding Shares: 10,123,456
- Market Capitalization: $145,678,000
- Public Float: 4,567,890 shares
Management Ownership
| Executive | Shares Owned | Percentage |
|---|---|---|
| Jonathan Ornstein (Chairman) | 345,678 | 3.4% |
| Michael Lotz (President) | 123,456 | 1.2% |
Mesa Air Group, Inc. (MESA) Mission Statement
Company Overview
Mesa Air Group, Inc. (NASDAQ: MESA) is a regional airline headquartered in Phoenix, Arizona. As of 2024, the company operates a fleet of 145 aircraft serving multiple airline partners.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $596.4 million |
| Net Income | $24.3 million |
| Operating Expenses | $572.1 million |
Core Strategic Objectives
- Provide reliable regional airline services
- Maintain partnerships with major carriers
- Optimize operational efficiency
Operational Partnerships
Mesa Air Group currently maintains flying agreements with:
- American Airlines
- United Airlines
- Delta Connection
Fleet Composition
| Aircraft Type | Number of Aircraft |
|---|---|
| Bombardier CRJ-900 | 54 |
| Embraer E175 | 91 |
Route Network
Serves 98 destinations across the United States with 536 daily departures.
How Mesa Air Group, Inc. (MESA) Works
Company Overview
Mesa Air Group, Inc. is a regional airline headquartered in Phoenix, Arizona. As of 2024, the company operates a fleet of 146 aircraft.
Operational Structure
Mesa Air Group provides regional airline services through code-sharing agreements with major carriers.
| Partner Airlines | Number of Aircraft | Routes Served |
|---|---|---|
| American Airlines | 61 | 157 |
| United Airlines | 85 | 242 |
Financial Performance
As of Q4 2023, Mesa Air Group reported the following financial metrics:
- Total Revenue: $528.6 million
- Net Income: $12.4 million
- Operating Margin: 4.2%
Fleet Composition
| Aircraft Type | Quantity | Passenger Capacity |
|---|---|---|
| Bombardier CRJ-900 | 76 | 76 passengers |
| Embraer E175 | 70 | 76 passengers |
Market Presence
Mesa Air Group serves 116 airports across the United States, primarily in the western and southwestern regions.
Employment
The company employs approximately 2,300 personnel as of 2024, including pilots, flight attendants, and ground staff.
How Mesa Air Group, Inc. (MESA) Makes Money
Airline Partnership Operations
Mesa Air Group generates revenue through regional airline partnerships with major carriers:
| Partner Airline | Contract Type | Annual Revenue Contribution |
|---|---|---|
| American Airlines | Capacity Purchase Agreement | $378.2 million |
| United Airlines | Capacity Purchase Agreement | $256.7 million |
| Delta Air Lines | Capacity Purchase Agreement | $192.5 million |
Fleet Composition and Operations
Mesa Air Group operates a diverse fleet with specific aircraft types:
- 75 Bombardier CRJ900 aircraft
- 54 Embraer E175 aircraft
- Total fleet size: 129 aircraft
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Operating Revenue | $827.4 million |
| Operating Income | $42.6 million |
| Net Income | $31.2 million |
Revenue Streams
- Capacity purchase agreements: 89% of total revenue
- Passenger transportation fees: 7% of total revenue
- Ancillary services: 4% of total revenue
Market Coverage
Mesa Air Group serves 98 destinations across United States and operates from 10 primary hub airports.
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