Mesa Stock to be Delisted on May 1, 2024
#21
#22
Prime Minister/Moderator

Joined: Jan 2006
Posts: 44,618
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From: Engines Turn or People Swim
https://www.flightglobal.com/strateg...156429.article
Maybe sooner. 2023 must have been an extra-hard year to cook the books.
Maybe sooner. 2023 must have been an extra-hard year to cook the books.
#23
https://www.flightglobal.com/strateg...156429.article
Maybe sooner. 2023 must have been an extra-hard year to cook the books.
Maybe sooner. 2023 must have been an extra-hard year to cook the books.
#24
Prime Minister/Moderator

Joined: Jan 2006
Posts: 44,618
Likes: 557
From: Engines Turn or People Swim
I think UAL, and others, would like to preserve the regional model for better days, after the retirement wave and pilot shortage are done.
#25
Gets Weekends Off
Joined: Feb 2021
Posts: 414
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#26
They have C5, YX, OO, and to a lesser extent G7 to do their bidding. Mesa seems to have major constraints to being economically viable and United could shift the planes that they own to other partners, or even have their own pilots fly them (not likely but they do have rates for them). The point is, YV is on borrowed time without significant changes.
#27
Mesa Air regains NASDAQ compliance after extended share price rally
Mesa Air Group (NASDAQ:MESA) announced that it has received a notification letter from the Nasdaq informing the company that it has regained compliance with the minimum bid price requirements of the exchange. The development followed a +60% rally in Mesa's (MESA) share price over the last six weeks.
On November 3, NASDAQ notified Mesa that the closing bid price of the company’s common stock had not met the minimum bid price requirement of $1.00 per share for 30 consecutive business days. In response, Mesa was tasked with maintaining a closing bid price of $1.00 per share or more for a minimum of 10 consecutive business days to regain compliance.
On June 4, NASDAQ verified and confirmed that for 10 successive business days, from May 20, 2024, to June 3, 2024, the closing bid price of Mesa's (MESA) common stock was at or above the $1.00 minimum per share threshold.
Mesa Air (MESA) announced in May that it expects to report an adjusted net profit for the first time in ten quarters. The Phoenix-based company also expects to generate breakeven cash flow for the remainder of the fiscal year.
Mesa Air Group (NASDAQ:MESA) announced that it has received a notification letter from the Nasdaq informing the company that it has regained compliance with the minimum bid price requirements of the exchange. The development followed a +60% rally in Mesa's (MESA) share price over the last six weeks.
On November 3, NASDAQ notified Mesa that the closing bid price of the company’s common stock had not met the minimum bid price requirement of $1.00 per share for 30 consecutive business days. In response, Mesa was tasked with maintaining a closing bid price of $1.00 per share or more for a minimum of 10 consecutive business days to regain compliance.
On June 4, NASDAQ verified and confirmed that for 10 successive business days, from May 20, 2024, to June 3, 2024, the closing bid price of Mesa's (MESA) common stock was at or above the $1.00 minimum per share threshold.
Mesa Air (MESA) announced in May that it expects to report an adjusted net profit for the first time in ten quarters. The Phoenix-based company also expects to generate breakeven cash flow for the remainder of the fiscal year.
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