Air Transport World

Mesa reports loss for fourth quarter.(Mesa Air Group Inc.; 1999)(Brief Article)(Statistical Data Included)

Mesa Air Group, parent of the Phoenix-based Regional, reported a net loss of $24.2 million on revenues of $ 104.4 million for the fourth quarter ended Sept. 30, 1999.

For the fiscal year Mesa reported earnings of $15.9 million before nonrecurring charges of $29.2 million, resulting in a net loss for the year of $13.3 million. The nonrecurring charges included $20.9 million from the planned elimination of up to 30 Beech 1990s and $8.3 million for the writeoff of certain Beech 1900 operations in the Northeast. …

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