DBEA55AED16C0C92252A6554BC1553B2 Clicky DBEA55AED16C0C92252A6554BC1553B2 Clicky
May 20, 2024
Care to share?

United Airlines has thrown a lifeline to its struggling regional subsidiary Mesa Airlines. Increasing block-hour rates, reducing debt obligations, and selling excess aircraft and engines should give Mesa some extra breathing space but the situation remains challenging.

Mesa has faced a difficult financial situation for some time. The airline reported a $-47.6 million net loss for Q3 and had $566.3 million in net debt on June 30, primarily with aircraft and engines. The company still hasn’t filed its 10-K document for the nine months of 2023 and has not complied with regulations.

 


Subscriber content – Sign in

Subscribe

 

 

author avatar
Richard Schuurman
Active as a journalist since 1987, with a background in newspapers, magazines, and a regional news station, Richard has been covering commercial aviation on a freelance basis since late 2016. Richard is contributing to AirInsight since December 2018. He also writes for Airliner World, Aviation News, Piloot & Vliegtuig, and Luchtvaartnieuws Magazine. Twitter: @rschuur_aero.