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Mesa Air Group reports $341,000 operating loss for May; revenues down
By Caroline Salls
Pittsburgh, June 21 - Mesa Air Group, Inc. reported a $341,000 operating loss for May on $65.63 million in total revenues, according to its monthly operating report filed Monday with the Securities and Exchange Commission.
The figures showed a decline from the $1.51 million of operating income posted for April on $70.59 million in total revenues.
The net loss for May was $2.63 million, widening from a $1.61 million April net loss.
Mesa had $60.83 million in cash and cash equivalents at May 31, up from $57.48 million at the end of April.
Mesa Air, a Phoenix-based provider of passenger and airfreight services, filed for bankruptcy on Jan. 5 in the U.S. Bankruptcy Court for the Southern District of New York. The Chapter 11 case number is 10-10018.
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