Mesa Air Group Inc – Mesa – Brief Article
Mesa Air’s February load factor was down 2.2% from February ’98. In fact, traffic results year over year, continue to decline. But followers believe the company will yield positive earnings despite such declines, given its significant relationships with US Airways and America West (America West pays Mesa Air a fixed-fee to provide capacity). Overall, however, analysts admit the airline’s future is a difficult one to predict, mostly due to the fact that the company is newly restructured and as a result smaller than in previous years. Insiders, on the other hand, may be hinting that the airline’s future will be strong. In summary of recent activity, from December 16 to February 24, four insiders purchased a total of 118,417 shares at prices ranging from $7.13 to $8.31 per share. Leading the way among purchasers, Director Herbert Denton picked up 100,000 shares, having last purchased roughly 200,000 shares in early ’98. Next, VC James Swigart purchased 12,735 shares in his first series of purchases since initially filing. CEO and President Jonathan Ornstein bought 5,482 shares. Rounding out the activity, Director Ronald Fogelman acquired a more modest 200 shares in his first purchase since initially filing in early ’98. Mesa Air Group, Inc. is a group of regional airlines providing services in various regions across the U.S. as AmericaWest Express, Mesa Airlines, and US Airways Express.
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