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Mesa Air Group operating income grows to $8.58 million in September
By Caroline Salls
Pittsburgh, Oct. 21 - Mesa Air Group, Inc. reported $8.58 million of operating income for September on $61.19 million in total revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.
In comparison, the company posted $5.27 million of operating income for August on $65.55 million in total revenues.
The net loss for September was $82.02 million, narrowing significantly from a $201.48 million August net loss.
Mesa had $57.73 million in cash and cash equivalents at Sept. 30, down from $58.21 million at the end of August.
Mesa Air, a Phoenix-based provider of passenger and airfreight services, filed for bankruptcy on Jan. 5, 2010. The Chapter 11 case number is 10-10018.
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