Company Information

  

Address: 410 NORTH 44TH STREET
SUITE 700 
City: PHOENIX 
State: AZ 
Zip Code: 85008 
Telephone: 602-685-4000 

Description of Business

Primary SIC Code: 4512
(As filed with the SEC)  

Mesa Airlines is a regional air carrier providing scheduled passenger service to 125 cities in 39 states, the District of Columbia, Canada, Mexico and Cuba. All of our flights are operated as either American Eagle or United Express flights pursuant to the terms of capacity purchase agreements we entered into with American Airlines, Inc. ("American") and United Airlines, Inc. ("United") (each, our "major airline partner"). We have a significant presence in several of our major airline partners' key domestic hubs and focus cities, including Dallas, Houston, Phoenix and Washington-Dulles. As of September 30, 2019, we operated a fleet of 145 aircraft with approximately 730 daily departures. We operate 62 CRJ-900 aircraft under our capacity purchase agreement with American (our "American Capacity Purchase Agreement") and 20 CRJ-700 and 60 E-175 aircraft under our capacity purchase agreement with United (our "United Capacity Purchase Agreement").  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
09/20191.01NA6.68
06/20191.75NA5.22
03/20191.18NA7.07
12/20180.91NA8.47
09/20181.32NA10.50

Key Financial Ratios and Statistics

FYE: 09/30

Profitability 2019 Leverage 2019
Net Inc/Comm Equity0.20Total Liab/Total Assets0.71
Net Inc/Total Assets0.03Total Liab/Inv Cap1.00
Net Inc/Inv Cap0.05Total Liab/Comm Equity4.30
Pretax Inc/Net Sales0.09Interest Coverage Ratio2.14
Net Inc/Net Sales0.07Curr Debt/Equity0.39
Cash Flow/Net Sales0.21LTD/Equity1.59
SG&A/NetSales0.08Total Debt/Equity1.98
Asset Utilization   Liquidity  
Net Receivables Turnover38.71Quick Ratio0.53
Inventory Turnover25.09Current Ratio0.61
Inventory Day Sales0.06Net Rec/Curr Assets0.15
Net Sales/Work Cap-7.32Inv/Curr Assets0.14
Net Sales/PP&E0.57  

Income Statement (Millions)

  9/30/2019 6/30/2019 3/31/2019 12/31/2018
Total Revenues(Net Sales) 187.83 180.22 177.15 178.16
Cost of Goods Sold 124.51 121.41 110.02 108.22
Selling & Admin Exps 12.41 21.98 13.47 12.21
Operating Income 30.45 17.08 34.38 39.23
Interest Exp 13.61 13.50 13.77 14.84
Pretax Income 17.06 3.86 17.34 25.03
Other Income 0.21 0.28 -3.27 0.64
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 12.24 3.01 13.25 19.08

Balance Sheet (Millions)

Assets 9/30/2019 6/30/2019 3/31/2019 12/31/2018
Cash & Short Term Investments 72.50 83.56 81.39 107.22
Receivables - Total 23.08 7.90 12.07 6.02
Inventories - Total 21.34 20.27 19.23 17.40
Total Current Assets 157.84 158.15 160.14 173.65
Net Property, Plant & Equipment 1,273.59 1,286.02 1,237.62 1,247.78
Total Assets 1,451.92 1,465.98 1,425.29 1,443.96
Liabilities        
Accounts Payable 90.81 82.23 79.55 81.38
Debt in Current Liabilities 165.90 163.62 147.11 149.84
Total Current Liabilities 256.71 245.85 226.66 231.22
Long-Term Debt 677.42 717.55 696.86 727.84
Total Liabilities 1,026.05 1,053.25 1,016.00 1,048.80
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 238.50 237.61 237.17 236.29
Retained Earnings 187.36 175.12 172.11 158.87
Treasury Stock NA NA NA NA
Total Stockholders' Equity 425.87 412.73 409.29 395.16
Total Liabilities and Stockholders' Equity 1,451.92 1,465.98 1,425.29 1,443.96

Cash Flow Summary (Millions)

Categories 9/30/2019 6/30/2019 3/31/2019 12/31/2018
Net Cash Provided by Operating Activities 37.60 44.31 25.63 44.15
Net Cash Provided by Investing Activities -8.81 -77.54 1.84 -20.33
Net Cash Provided by Financing Activities -39.85 35.40 -38.32 -38.71

Annual Summary Data (Millions)

Year Sales Net Income EPS
09/20071,298.06-81.56--
09/20081,326.11-29.16--
09/2017643.5832.83--
09/2018681.6033.261.32
09/2019723.3647.581.01
Growth Rates-13.60----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional12/31/1911422,05168.14




Report Date : 1/20/2020

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