Air Transport World

Regional Airline of the Year: Mesa Air Group.(ATW Airline Achievement Awards)

This year's Regional Airline of the Year is a company that has completed a successful business restructuring during one of the most difficult periods in the history of commercial aviation. After losing $59 million in the 2001 and 2002 fiscal years, Mesa Air Group recovered to post profits totaling $51 million over the next two years, including $26 million in the year to last Sept. 30. Revenues, meanwhile, rose more than 70% from $523 million to $896.8 million and passenger enplanements more than doubled to 10.2 million.

Mesas recovery could have been derailed by 9/11, but it wasn't. "We acted very quickly after 9/11," Chairman and CEO Jonathan Ornstein recalled to ATW "Management all agreed to lead by example. …

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