Why Mesa Air Stock Is Losing Altitude Today
Shares of Mesa Air Group (NASDAQ: MESA) traded down 20% on Friday morning in response to the airline's earnings report. Costs are weighing on results, and Wall Street is worried those headwinds won't subside anytime soon.
After markets closed Thursday, Mesa reported a fiscal fourth-quarter loss of $0.06 per share on revenue of $130.78 million. That's well below the $0.12 per share profit on revenue of $150 million analysts had expected.
Image source: Getty Images.
Source Fool.com
