Mesa to expand relationship with united airlines, winds down contract with american airlines

Phoenix, dec. 19, 2022 (globe newswire) -- mesa air group, inc. (nasdaq: mesa) announced today plans for a significant restructuring in its operations with american airlines and united airlines. as a result of ongoing unprofitable operations with american airlines, driven primarily by higher pilot wages and block hour utilization penalties driven by the ongoing industry wide pilot shortage, mesa initiated and has finalized a consensual wind down of its american operations. mesa is finalizing a new-five-year agreement with united airlines that would place the associated aircraft into united express operations and compensate mesa for the higher costs associated with regional jet flying. the new agreement would cover all of mesa's existing flying at american and could increase to 38 crj-900 aircraft, dependent upon the number of e-175s that mesa is operating.
MESA Ratings Summary
MESA Quant Ranking