Mesa Air reports Q1 EPS ($1.41) vs (25c) last year

Reports Q1 revenue $118.777M vs $147.173M last year. Jonathan Ornstein, Chairman and CEO, said, “While it has been a long road, we have successfully completed the majority of our surplus CRJ asset sales. Over the past 19 months, we have finalized approximately $390 million of CRJ asset sales, which we used to pay down approximately $265 million of debt. We are in discussions with multiple parties to address the remaining surplus assets.”