DALLAS, Aug. 20, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring Mesa Air Group Inc. (Nasdaq:MESA). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Mesa Air Group Inc. (Nasdaq:MESA) should be of particular interest to airline companies: Republic Airways Holding (Nasdaq:RJET), SkyWest Inc. (Nasdaq:SKYW), Southwest Airlines Co. (NYSE:LUV) and Jet Blue Airways Corp. (Nasdaq:JBLU).
It is available at: http://www.beaconequity.com/i/MESA
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Mesa Air Group Inc. (MESA) provides commercial air transportation for passengers and freight. The Company links to 123 destinations in 38 American states, as well as Mexico and Canada. The Company operates 145 aircraft as Delta Connection, U.S. Airways Express and United Express under contractual agreements with the parent companies of these three service carriers.
In the report, the analyst notes:
"Globally, the airline industry has recently lost money, posting a net loss of approximately $10.42 billion for fiscal 2008, compared with a net profit of $5.6 billion for fiscal 2007. All carriers cited rapidly rising fuel costs as the reason for the industry's poor performance during the first half of 2008 and the steeping recession during the second half of 2008.
"On August 11, MESA reported its most recent quarter ended June 30, 2009, showing net revenue dropped 34.3% to $232.6 million, compared with $353.9 million for the same quarter of last year. Almost all of the Company's revenue is derived from contracts from United Airlines, Delta and U.S. Airways, which shrank $112.8 million, primarily due to a decrease of 65.5% in fuel reimbursement revenue and a 6% drop in service revenue."
To read the entire report visit: http://www.beaconequity.com/i/MESA
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