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Mesa Switches To United

Benzinga

1 Views • Dec 19, 2022

Description

Mesa Airlines ($MESA@US) CEO Jonathan Ornstein announced on Saturday that the regional carrier would end its partnership with American Airlines ($AAL@US) and sign a new deal with United Airlines ($UAL@US). American’s CFO Derek Kerr said that the company had concerns about Mesa’s financial and operational problems, which are related to a rise in costs and the industry’s pilot shortage. Mesa had a net loss of about $67 million in the nine months that ended June 30. Last week, it delayed its quarterly earnings report.

Keywords & Tags

#earnings #business #quarterly earnings #earnings season #analysts #United Airlines #American Airlines #profit #analyst estimates #annual report #quarterly report #revenue #finance #Mesa Airlines Signs Deal with United #Mesa Airlines #Jonathan Ornstein #Derek Kerr #rise in costs #pilot shortage

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