Mesa Air Group reports second quarter fiscal 2021 results

Mesa Air Group has reported pre-tax income of $7.6 million for the second quarter of its 2021 financial year compared to $3.2 million for Q2 2020. The Group’s net income was $5.7 million or $0.14 per diluted share compared to net income of $1.9 million, or $0.05 per diluted share for Q2 2020. The Group’s adjusted pre-tax income was $12.1 million, with adjusted net income of $9.1 million or $0.23 per diluted share. Mesa’s results include a one-time non-cash $4.5 million lease termination expense resulting from the purchase of a previously leased CRJ-900 aircraft. Mesa’s Q2 2021 results include, per GAAP, the deferral of $4.9 million of revenue, all of which was billed and paid by American and United