MESA News and Press, Mesa Air Group Inc. From 10/15/21

Although the COVID-19 Delta variant has marred the travel industry’s recovery, the rapid rollout of vaccines, easing of restrictions, and pent-up demand for travel ahead of the holiday season should help the industry return to its recovery track. In addition, since the stock market is ...

PHOENIX, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported Mesa Airlines’ operating performance for September 2021. Mesa Airlines reported 29,524 block hours in September 2021, a 35.6 percent increase from Septemb...

U.S. airline fares fell for the third straight month even as overall inflation rose in September (+0.4% M/M, +5.4% Y/Y). The average fare was down 6.4% M/M in September on a seasonally-adjusted basis to follow on a 9.1% decline in August and 0.1% dip in July. The biggest sector news on the da...

Airline stocks are reeling as confidence fades that the fall-winter recovery will progress as originally forecast and as the higher level of oil prices starts to factor in to Q4 and 2022 estimates. Wolfe Research dropped its rating on Delta Air Lines, Allegiant Travel (ALGT -3.7%), Hawaiian H...

Airline bookings trends in the U.S. showed some improvement for the week ending on September 19, per data from Bank of America. System sales were down 60.1% vs. the 2019 level, which is noted to be slightly better than the recent trend of down in the low to mid-60% range. BofA analyst Andrew ...

PHOENIX, Sept. 21, 2021 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) Mesa Airlines named Torque Zubeck as its new Chief Financial Officer. Zubeck has been working with Mesa since February as Senior Vice President of Finance. He will be taking over the position...

Bank of America reports that airlines bookings took a slight step back with sales tracking at -66.4% vs 2019 for the week ending September 12 vs. -63.9% for the week prior. The latest TSA numbers also show slowing momentum. "After seeing strong TSA throughput numbers around the Labor day week...

Airline stocks are on the rise after Ryanair (RYAAY +7.5%) boosted its five-year passenger forecast, citing pent-up travel demand in Europe and abroad. News that Britain may loosen its international travel restrictions, no longer requiring quarantines or negative tests after travel to the maj...

Leisure-focused airline stocks are big gainers after booking trends are reported to have stabilized in the U.S. Hawaiian Holdings (HA +5.6%), SkyWest (SKYW +5.5%) and Mesa Airlines (MESA +3.8%) are the biggest advancers in mid-day trading. Hotel stocks are also higher on some optimism that th...

Airline booking trends have stabilized after an uneven stretch that saw deceleration amid concerns over the Delta COVID variant, according to the latest report from Bank of America. System sales were down 62.0% and domestic volume was off 29.9% compared to 2019 levels, which is noted to be ri...