- Raymond James Analyst Savanthi Syth reiterated that the stock’s valuation is underperforming. Mesa Air Group Inc. Mesa.
- Mesa’s fourth quarter 2022 adjusted EPS was $(0.37), broadly in line with analyst estimates of $(0.35).
- MESA’s stock price surged ahead of its fourth quarter 2022 earnings announcement. United Airlines Holdings Co., Ltd. UAL Creditors who provide sufficient liquidity until earnings recover.
- Related: Mesa Airlines ends regional flights with American Airlines, signs new deal with United
- Analysts are concerned that wages for regional pilots have doubled, reducing opportunities for U.S. regional airlines and making their normalized earnings potential uncertain.
- Analysts added that training costs are expected to continue rising in 2023, even as attrition stabilizes and additional simulators and training capacity come online.
- Analysts lowered their FY23 EPS estimate to $(1.47) from $(0.98), largely reflecting higher losses during the transition period.
- Cythes envisions pre-pandemic earnings power halving as the pilot supply situation normalizes, and an upside if United decides to reassign flights to Mesa from other partners. will be
- Price action: MESA shares are trading 14.38% higher at $1.75 on Tuesday’s final check.
- photo via company
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