Mesa Airlines close Q3, FY23 with a net loss of $47.6 million

Mesa Airlines reported a net loss of $47.6 million and revenue of $114.7 million reporting a decline of 15% over Q3 of 2022. The airline reported its financial results for third quarter (Q3) of FY2023. During this period, 96% of its revenue came from its United capacity purchase agreement (CPA), which covers the operation of 80 jets, both CRJ-900s and E175s. The airline flew around half a million United Express passengers on its CRJ fleet in Q3 and will focus on increasing block hours for its E-175s going forward. During a major period of transition for the regional airline, Mesa saw