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PHOENIX, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported Mesa Airlines’ operating performance for October 2020. Mesa Airlines reported 20,167 block hours in October 2020, a 48.2 percent drop from October 2019 as a result ...
Domestic airline bookings were down 60.9% last week from -60.5% the week prior, according to tracking by Bank of America. Pricing improved sequentially to -32.1% Y/Y from -34.1%. International ticket sales were down 85.8% from -86.4% the week prior.The slight downtick is attributed in part to...
PHOENIX, Nov. 02, 2020 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today announced that it has entered into a five-year Loan and Guarantee Agreement on October 30, 2020, with the U.S. Treasury Department which provides Mesa Airlines with a secured term loan facility to...
Travel and leisure stocks are lower as COVID-19 cases and hospitalizations break higher again."In 36 states, the hospitalization rate for the coronavirus increased by at least 5% over in the past seven days," notes CMC Markets' David Madden."Traders keep an eye on the hospitalization rat...
U.S. airlines stocks are down sharply with stimulus talks in Washington D.C. hitting another snag over an expansion of COVID testing being part of the package. Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin were due to talk this afternoon at some point. Also part of the investor f...
The airline sector is in positive territory with talks between Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin said to be going well.It is believed that around $25B would be carved out for airlines from a new stimulus deal.Legislation needs to be written this week to be enacted bef...
It is an active day of developments in the airline sector with U.S. air passenger traffic topping 1M again even as COVID-19 headlines create some anxiety on booking trends. The TSA reported travel throughput for Sunday of 1,031,505 passengers vs. 2,606,266 for the comparable day a year ago. I...
A day after Delta Air Lines ([[DAL]] +0.2%) warned on a long recovery for demand, there are similar comments out from American Airlines ([[AAL]] +0.9%) CEO Doug Parker."Flying less than half of what we were flying a year ago in terms of networks, with no anticipation at American Airlines that...
Gainers: Ocean Power Technologies (OPTT) +13%. Armstrong Flooring (AFI) +13%. Infrastructure and Energy Alternatives (IEA) +9%. The Peck Company (PECK) +8%. Art's-Way Manufacturing (ARTW) +7%.Losers: Pioneer Power Solutions (PPSI) -8%. Manitex International (MNTX) -8%. SGO...
Unlike any other airline I know of, MESA remained profitable even during the worst COVID quarter. I expect MESA to continue being profitable with free cash flow of $1.30-2.00 a share or 30-50% FCF yield. The profitability isn't tied to government airline relief, and even if Americ...
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PHOENIX, July 02, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today announced the furlough of 12 pilots and training deferrals for 41 pilot trainees, effective July 12, 2024. These actions are the result of sig...
A look at the top 10 most actives in the United States Reliance Global Group Inc. (RELI) rose 76.2% to $0.3911 on volume of 383,719,808 shares NLS Pharmaceutics Ltd. (NLSP) rose 82.1% to $0.2701 on volume of 302,290,803 shares NVIDIA Corporation (NVDA) rose 3.5% to $135.58 on volume of 28...
A look at the top 10 most actives in the United States NLS Pharmaceutics Ltd. (NLSP) rose 156.2% to $0.38 on volume of 125,047,059 shares Reliance Global Group Inc. (RELI) rose 210.8% to $0.69 on volume of 110,427,102 shares Mustang Bio Inc. (MBIO) rose 53.3% to $1.15 on volume of 87,727,...