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Mesa Air Group Stock Crashes 32% on Operational Problems

TheMotleyFool

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Mesa Air Group Stock Crashes 32% on Operational Problems

One year ago, eight years after filing for bankruptcy, Mesa Air Group (NASDAQ: MESA) returned to the public markets, completing an IPO at $12 per share. The regional airline has taken investors on a bumpy ride since then, with the shares losing nearly half of their value.

The latest turbulence struck near the end of last week. The company reported disappointing results for the third quarter of its 2019 fiscal year and its guidance raised the possibility that things could get even worse. Let's take a look at why Mesa Air Group stock plunged 32% on Friday and what the company would need to do to bounce back.