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  • ABC15 Arizona

    Why Mesa Air's better-than-expected pilot supply is actually bad news

    By Brandon Brown, Phoenix Business Journal,

    17 days ago
    https://img.particlenews.com/image.php?url=1lsRtW_0uFvizKM00

    Mesa Air Group, the Phoenix-based company that operates regional commercial carrier Mesa Airlines, has been able to hire and retain pilots better than expected.

    As a result, the airline announced July 2 it would be implementing a pilot furlough.

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    On July 12, Mesa Air (Nasdaq: MESA) will furlough 12 pilots and implement training deferrals for 41 pilot trainees, the company announced. The furloughs and deferrals are expected to save Mesa around $750,000 per month in operating expenses.

    The excess of pilots for Mesa Air is a dramatic shift from just a few years ago when the company struggled to hire and retain enough pilots because they were being hired away quickly by major carriers like United Airlines or American Airlines .

    Read more of this story from the Business Journal.

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