Why Mesa Air Group Stock Is Falling Today
Shares of Mesa Air Group (NASDAQ: MESA) fell 10% on Tuesday following the regional airline company's earnings release. The company is seeing stronger demand for its services, but maintenance issues and spare part shortages are restraining growth for the time being.
Mesa earned $0.11 per share in its fiscal third quarter, in line with analyst estimates, on revenue that at $125.16 million fell about $6 million short of expectations. The company also said it has invested in Heart Aerospace, a company that is working on a 19-seat electric aircraft.
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Source Fool.com
