Mesa Air Group, Inc. (NASDAQ:MESA) Q1 2023 Earnings Call Transcript

Operator: Speakers, I’m showing no further questions at this time. You may proceed.

Jonathan Ornstein : Okay, well, thank you, everybody. I think, it’s fair to say that, we clearly had gone through a rough patch. We had a lot of work to do in terms of putting together multiple agreements all at the same time. We barely mentioned some of the things like the RASPRO agreement, the EDC agreement, obviously — the Treasury, we made a significant modifications with Treasury, who by the way was very helpful. And now we just have to put it together operationally, we are very focused on pilot production since clearly, that makes a big, big difference. For the last couple of months, we’ve been on the plus side. In other words, we’re putting out more pilots than we’re losing. We want to see that number continue to increase.

We’ve added, sims, we’ve added instructors, we’ve employed CAE. So I’m hoping, and I think we believe that over time, we’ll start to see the benefit of all this, and it will all come together in terms of a much more stable operating platform, and renewed profitability. And also, it would be remiss not to mention the fact that through the wind down, we’ve been working very closely with American and maintain really good relationship with them. And I think that since we began to wind down, I think we’ve canceled two flights. We really want to do a good job right to the last day with American. We appreciate their understanding of our situation. And certainly, United is really stepped up and helped us and it’s a good thing to know so many people that we have over there, the support that we’ve gotten from United has been fantastic.

And we’re on the phone with them literally on the phone every day. And I have to tell you, we’ve been really appreciative of what they were able to do to help us work through this difficult period. So with that, I’d like to thank everybody for joining us. We continue to work hard, get the company turned around, and we look forward to talking to you next quarter.

Operator: That will conclude today’s conference. And we thank you for participating. You may disconnect at this time.