Mesa Announces Action to Balance Pilot Supply

Core Insights - Mesa Air Group has experienced a significant reduction in pilot attrition, which has fallen below expectations due to a slowdown in hiring across the airline industry [1][2] - The company announced the furlough of 12 pilots and deferral of training for 41 pilot trainees, effective July 12, 2024, which is expected to save approximately $750,000 per month in operating expenses [2] - Mesa anticipates that a more stable pilot workforce will allow for an increase in Embraer-175 block hours with United Airlines and plans to start recalling pilots by the end of the year [6] Company Overview - Mesa Air Group, Inc. is headquartered in Phoenix, Arizona, and operates as a regional air carrier providing scheduled passenger service to 73 cities across 32 states, the District of Columbia, Cuba, and Mexico [6] - As of June 30, 2024, Mesa operated a fleet of 73 aircraft with approximately 279 daily departures and employed around 2,000 staff [6] - All flights are operated as United Express under a capacity purchase agreement with United Airlines, Inc. [6]