U.S. airline Mesa Air Group Inc. (MESA:Mesa Air Group Inc
Last: 0.29+0.01+2.86%3:59pm 01/12/2009
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MESA 0.29, +0.01, +2.9%) said Tuesday that its fiscal fourth-quarter net loss narrowed to $30.6 million, or $1.15 a share, from $68.2 million, or $2.37 a share, a year earlier. Revenue for the quarter fell 0.8% to $325.3 million as a fall in capacity was partially offset by an increase in fuel revenue. Losses from continuing operations for the quarter were $22.3 million, or 83 cents a share. Pro forma net income, which excludes among other things the impact of vendor settlements, equity investments and a settlement with Aloha Airlines, rose 41% to $3.1 million.
