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(EMAILWIRE.COM, August 29, 2009 ) DALLAS - InvestorSoup.com.com announces an investment report featuring for Mesa Air Group Inc. (NASDAQ: MESA)..
The investment report on Mesa Air Group Inc. (Nasdaq: MESA) should be of particular interest to airline companies: Republic Airways Holding (Nasdaq: RJET), SkyWest Inc. (Nasdaq: SKYW), Southwest Airlines Co. (NYSE: LUV) and Jet Blue Airways Corp. (Nasdaq: JBLU).
It is available at: MESA'>http://www.investorsoup.com/lp/MESA
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Mesa Air Group Inc. (Nasdaq: MESA), through its subsidiaries, provides scheduled passenger and airfreight services. The CompanyÂ’s subsidiaries operate under contracts to provide connecting service for other airlines, including US Airways, UAL's United Airlines, and Delta Air Lines. MESA also has small freight agreements with other carriers as well as contracts with the U.S. Postal Service to carry mail to the cities it serves.
In the report, the analyst notes:
“The Company suffered large losses in the three months ended June 30, 2009, due to its discontinued Air Midwest subsidiary. Since 2007, the Company has been unable to sell the 20 Beechcraft turbo prop planes that had been used in Air Midwest’s operations. For the three months ended June 30, 2009, Mesa had an impairment of $6.8 million on the Beechcraft assets. Excluding large losses related to the Beechcraft assets, the company reported net income from continuing operations of $1.7 million for the three months ended June 30, 2009, versus $1.8 million for the same period in 2008.
“The airline industry has had a difficult year in 2009 as passenger and freight revenues have fallen sharply due to the global economic downturn. While fuel prices have declined from 2008 highs, price volatility continues to be a concern. Turbulent industry conditions pose a threat to MESA particularly in the context of its agreements with other major carriers. MESA’s agreement to provide 26 regional jets to United Airlines (Nasdaq: UAUA) expires in April 2010, but UAUA can extend the contract for five years if it notifies MESA by October 2009.”
To read the entire report visit: http://www.investorsoup.com/lp/MESA
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InvestorSoup.com Disclosure
InvestorSoup.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. InvestorSoup.com is a Web site wholly owned by BlueWave Advisors, LLC. Please read our report and visit our Web site, InvestorSoup.com, for complete risks and disclosures.
InvestorSoup.com
Jeffrey Brown, Editor
(469)-252-3505
info@investorsoup.com
Investor Soup
Jeffrey Brown
(469)-252-3505
info@investorsoup.com 
Source: EmailWire.com
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