BNET Industries

Mesa Air Group Inc.

(MESA) is in the Transportation Industry

Market Cap:$20.8M
Last Fiscal Year Sales:$1.3B
  • Public
  • US
Dow Jones Description

Mesa currently operates 184 aircraft with over 1,100 daily system departures to over 167 cities, 45 states, the District of Columbia, Canada, and Mexico. Mesa operates as America West Express, Delta Connection, US Airways Express and United Express under contractual agreement with America West, Delta Air Lines, US Airways and United Airlines, respectively, and independently as Mesa Airlines. The Company, founded by Larry and Janie Risley in New Mexico in 1982, has approximately 5,000 employees. Mesa is a member of the Regional Airline Association and Regional Aviation Partners. The Company was named 2005 Regional Airline of the Year by Air Transport World Magazine.

Chairman and Chief Executive Officer
Jonathan G. Ornstein
Number of Employees 4,600
Contact Information

410 N 44th St Ste 700

Phoenix, Arizona 85008-7608

www.mesa-air.co...

1 602 685 4000

NAICS Code Scheduled Freight Air Transportation: 481112

Recent Events

  • AAR Modifies Support Agreements With Mesa Air Group

    11/05/09 - Joint Venture / Alliance - View Story

  • United ends contract for 26 Mesa regional jets

    11/10/09 - Joint Venture / Alliance - View Story

  • Republic forms joint venture with Mesa to operate flights in Hawaii

    10/15/09 - Joint Venture / Alliance - View Story

  • Republic Airways and Mesa Air Group form joint venture for Hawaii services

    10/14/09 - Joint Venture / Alliance - View Story

  • Republic Airways, Mesa Air sign joint venture agreement

    10/14/09 - Joint Venture / Alliance - View Story

  • Mesa Airlines Forms Joint Venture

    10/15/09 - Joint Venture / Alliance - View Story

  • Familiar story: 4 Hawaii airlines, too many seats: With fewer tourists coming, interisland demand slackens

    9/21/09 - Merger / Acquisition - View Story

  • Mesa Air Group Reports Third Quarter 2009 Results

    8/10/09 - Financial Announcement - View Story

News & Analysis

mesa and mesa air group inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Gregory Stephens President, Air Midwest, Inc
Michael K. Lotz President and Chief Financial Officer
Paul F. Foley Executive Vice President and Chief Operating Officer
Robert Hornberg CIO & Vice President
Steve Christi Chief Pilot
Carter Leake Senior Vice President, US Airway Express
Edward Wegel Senior Vice President, Corp Planning
F. Carter Leake Senior Vice President, Planning
Michael Ferverda Senior Vice President, Operations
Robert B. Stone Senior Vice President & Treasurer
Allan Lowery Vice President, Training
Brian Davis Vice President, Technology Operations
Brian S. Gillman General Counsel, Vice President & Secretary
Carla Barkhurst Vice President, Customer Service
Charles Kettler Vice President, Purchasing & Technology Services
Eric Gust Vice President, Safety & Regulatory Compliance
Jeff P. Poeschl Vice President, Finance
Joe Machalek Vice President, Technical Services
Kristen Brookshire Vice President, Services
Mickey Moman Vice President, Trng
Rodena Turner Bojorquez Vice President, HR
Sharon L. Goddin Vice President, Inflight
Zakaullah Khogyani Vice President, Flight Operations
Ashok Shah Finance Planning & Analysis Director
Bud Tyler Contract Revenue Management Director
Christopher Pappaioanou Legal Affairs Director
Dennis Dalton Warranty Director
Donna Buckingham Director It
Jesse George Director, Planning
Joe Resnik Maintenance Director
John Baker Senior Director, Crew Resources
John Edens Internal Audit Director
Kevin Alexander Accounting Director
Mickey Bowman Director Planning
Robert Ramirez Director, Quality Assurance, Air Midwest
Ron Debrick Director, Operations
Troy Lambeth Senior Director, Sys Operations
Joe Marchese General Manager, Reg Aircraft Services
David K. Butler Senior Vice President, Administration & Human Resources
Tom Chang First Officer

Board of Directors

Name (plus bio) Position
Jonathan G. Ornstein Chairman and Chief Executive Officer
Carlos E Bonilla Board of Directors
Daniel J. Altobello Board of Directors
Joseph L. Manson III Board of Directors
Maurice A. Parker Board of Directors
Peter F. Nostrand Board of Directors
Richard M. Thayer Board of Directors
Robert Beleson Board of Directors
Ronald R. Fogleman Board of Directors

Jonathan began his aviation career in 1987 with Air LA, a small commuter airline based in Los Angeles, California, where his responsibilities ranged from finance and planning to baggage handling and aircraft cleaning. Jonathan's first contact with Mesa occurred in the summer of 1988 during the negotiation of Air LA's sublease of a Mesa aircraft and in 1989, Jonathan accepted a job offer from Mesa with the prestigious title of "Assistant to the President". At Mesa Jonathan was eventually responsible for all scheduling, pricing, fleet planning and acquisitions. Over the next six years, working with Mesa's CEO Larry Risley, Jonathan directed Mesa's acquisition of Aspen Airways (United Express), Air Midwest (US Air Express), WestAir (United Express) and Crown Airways. During this time, Mesa's annual revenues grew from $11 million to over $500 million, pretax income rose from $240,000 to $45 million and the number of employees increased from 165 to 3,000. In recognition of its success, the Company was named 1992 Regional Airline of the Year by Air Transport World magazine. At the time of Mesa's purchase, WestAir was both the largest, as well as the most unprofitable, independent regional airline in the US. Following Mesa's purchase, Jonathan was appointed President of WestAir. After a significant restructuring, WestAir broke its string of ten consecutive quarterly losses and posted a pretax profit exceeding $15 million, up from a pretax loss of $12 million twelve months earlier. Returning to Mesa headquarters in 1993, Jonathan worked closely with Texas Pacific Group and Continental in the bankruptcy reorganization of America West. In recognition of Mesa's help in the America West restructuring, as well as Mesa's operational capabilities, the Company was chosen to provide regional operations for America West. In addition, Mesa invested $20 million in America West which it later sold for a $47 million profit. As a result of the work Jonathan performed in the America West restructuring, Continental's Chairman and General Partner of the Texas Pacific Group David Bonderman offered Jonathan the opportunity to become President and CEO of Continental Express. Like WestAir, Continental Express had been significantly unprofitable for a number of years and with the lessons learned from his experience at Mesa, Jonathan and his new management team quickly implemented a major restructuring. Jonathan also concurrently served as Senior Vice President Airport Operations for Continental Airlines overseeing the successful restructuring of Continental's operations. In recognition of his accomplishments at Continental, Jonathan was selected as Regional Airline Executive of the Year for 1995, an award presented by Commuter/Regional Airline News - the industry's publication of record - and Rolls-Royce. After Continental chose not to spin off the now-successful Continental Express, Ornstein accepted an offer from Richard Branson to develop a low-cost, low-fare jet carrier in Europe. In 1996, he was appointed Chief Executive Officer of Virgin Express, based in Brussels, Belgium. During his tenure at Virgin Express, Jonathan took the company from a fledgling startup to a publicly traded company operating a fleet of over 25 737s throughout Europe, the Middle East and Africa. By 1998 the airline's passenger traffic increased tenfold and generated annual revenues in excess of $300 million and operating profits of $16 million. While in Europe Jonathan formed Barlow Partners, an investment group created to invest in undervalued airline equities. Mesa's financial and operational performance had deteriorated significantly since 1996, with losses over the previous two years exceeding $100 million and by April of 1998 the company was experiencing losses of approximately $1 million per week and had approximately $8 million in cash. Barlow acquired approximately 8% of Mesa's common stock and placed two of its Partners on the Company's Board of Directors. While retaining his position as Chairman of Virgin, Jonathan resigned as CEO and accepted Mesa's offer to return as President and CEO where he orchestrated a comprehensive operational and financial restructuring, paving the way for Mesa's return to profitability. Since returning in 1998, Jonathan oversaw the elimination of over 150 turboprops, the reestablishment of a partnership with United, raising of over $200 million of convertible debt financing; the ordering of 128 regional jets from Bombardier and Embraer -- valued at over $2.5 billion -- growing from 4 regional jets when he arrived to 132 currently, hiring a dynamic new management team; firming up long-term codeshare agreements with America West and US Airways and the institution of a number of innovative employee programs. In addition, following the attacks of September 11, 2001, Jonathan was the first CEO to voluntarily cut his pay by 50 percent, created a voluntary pay reduction / incentive program that resulted in all participating employees receiving effectively a 7.5% bonus and negotiated, in record-time, new pilot and flight attendant contracts. The Company was recently named 2005 Regional Airline of the Year by Air Transport World magazine. Following the restructuring, Mesa has been at the forefront of the regional airline industry and has reported 26 profitable quarters out of a total of 27 quarters. However, on one point, Jonathan is clear; the turnaround at Mesa air Group continues. He credits Mesa's continued success with the teamwork and efforts of the airline's 5,000 employees. Jonathan and the Mesa team continue their efforts to provide job security and opportunities for all its employees. The focus moving forward is to maintain Mesa's superior operational performance, maintain its strong relationships with its airline partners; expand opportunistically and profitably, while increasing and shareholder value.

Organization Position Status
Mesa Air Group, Inc. Chairman and Chief Executive Officer Current
Mesa Airlines, Inc. President Current
Virgin Group Ltd. CEO of Virgin Express Former
Continental Express Inc. President and CEO Former

Organization Position Status
Mesa Air Group, Inc. President, Air Midwest, Inc Current

Michael J. Lotz, President and Chief Operating Officer, joined the Company in July 1998. In January 1999, Mr. Lotz became Chief Operating Officer. In August 1999, Mr. Lotz became the Company’s Chief Financial Officer and in January 2000 returned to the position of Chief Operating Officer. On June 22, 2000, Mr. Lotz was appointed President of the Company. Prior to joining the Company, Mr. Lotz served as Chief Operating Officer of Virgin Express, S.A./N.V., a position he held from October 1996 to June 1998. Previously, Mr. Lotz was employed by Continental Airlines, Inc., most recently as Vice President of Airport Operations, Properties and Facilities at Continental Express.

Organization Position Status
Mesa Air Group, Inc. President and Chief Financial Officer Current

Paul Foley, Executive Vice President, Chief Operating Officer, joined the Company on October 1, 2008. From September 1999, Mr. Foley served as President and Chief Executive Officer of MAIR Holdings Inc. (“MAIR”), a holding company for regional air carriers, as well as a member of its Board of Directors and its Executive and Safety Committees. In addition, from September 1999 until October 2002, Mr. Foley also served as President and Chief Executive Officer of Mesaba Aviation, a regional air carrier based in Minneapolis, Minnesota and formerly a subsidiary of MAIR.

Organization Position Status
Mesa Air Group, Inc. Executive Vice President and Chief Operating Officer Current
MAIR Holdings, Inc. Board of Directors Current
MAIR Holdings, Inc. Chief Financial Officer (Principal Executive) Current
MAIR Holdings, Inc. Chief Executive Officer Current
MAIR Holdings, Inc. President Current
Atlas Air, Inc. vice president of operations Former
MAIR Holdings, Inc. Class Three Director Former
Cornell University Bachelor of Science degree Former
MAIR Holdings, Inc. Member Former

Organization Position Status
Mesa Air Group, Inc. CIO & Vice President Current

Organization Position Status
Mesa Air Group, Inc. Chief Pilot Current

Organization Position Status
Mesa Air Group, Inc. Senior Vice President, US Airway Express Current

Organization Position Status
Mesa Air Group, Inc. Senior Vice President, Corp Planning Current

Organization Position Status
Mesa Air Group, Inc. Senior Vice President, Planning Current

Michael Ferverda, Senior Vice President — Operations and Chief Deputy General Manager of Kunpeng, joined the Company in 1990. He was appointed President of Freedom Airlines in May 2002 and Senior Vice President — Operations in February 2003. Prior to the appointments, Mr. Ferverda served as the Senior Vice President of Operations for Mesa Airlines, Inc. Mr. Ferverda has served the Company in various capacities including pilot, Flight Instructor/Check Airman, Assistant Chief Pilot, FAA Designated Examiner, FAA Director of Operations and Divisional Vice President. Mr. Ferverda was a pilot with Eastern Airlines from 1973 to 1989. Prior to joining Eastern Airlines, Mr. Ferverda served as an Aviator in the United States Navy. Mr. Ferverda is a graduate of Indiana University.

Organization Position Status
Mesa Air Group, Inc. Senior Vice President, Operations Current

Organization Position Status
Mesa Air Group, Inc. Senior Vice President & Treasurer Current

Organization Position Status
Mesa Air Group, Inc. Vice President, Training Current

Organization Position Status
Mesa Air Group, Inc. Vice President, Technology Operations Current

Brian S. Gillman, Executive Vice President, General Counsel and Secretary, joined the Company in February 2001. From July 1996 to February 2001, he served as Vice President, General Counsel and Secretary of Vanguard Airlines, Inc. in Kansas City, Missouri. From September 1994 to July 1996, Mr. Gillman was a corporate associate in the law firm of Stinson, Mag & Fizzell, P.C., Kansas City, Missouri. Mr. Gillman received his Juris Doctorate and B.B.A. in Accounting from the University of Iowa in 1994 and 1991, respectively.

Organization Position Status
Mesa Air Group, Inc. General Counsel, Vice President & Secretary Current

Organization Position Status
Mesa Air Group, Inc. Vice President, Customer Service Current

Organization Position Status
Mesa Air Group, Inc. Vice President, Purchasing & Technology Services Current

Organization Position Status
Mesa Air Group, Inc. Vice President, Safety & Regulatory Compliance Current

Organization Position Status
Mesa Air Group, Inc. Vice President, Finance Current

Organization Position Status
Mesa Air Group, Inc. Vice President, Technical Services Current

Organization Position Status
Mesa Air Group, Inc. Vice President, Services Current

Organization Position Status
Mesa Air Group, Inc. Vice President, Trng Current

Organization Position Status
Mesa Air Group, Inc. Vice President, HR Current

Organization Position Status
Mesa Air Group, Inc. Vice President, Inflight Current

Organization Position Status
Mesa Air Group, Inc. Vice President, Flight Operations Current

Organization Position Status
Mesa Air Group, Inc. Finance Planning & Analysis Director Current

Organization Position Status
Mesa Air Group, Inc. Contract Revenue Management Director Current

Organization Position Status
Mesa Air Group, Inc. Legal Affairs Director Current

Organization Position Status
Mesa Air Group, Inc. Warranty Director Current

Organization Position Status
Mesa Air Group, Inc. Director It Current

Organization Position Status
Mesa Air Group, Inc. Director, Planning Current

Organization Position Status
Mesa Air Group, Inc. Maintenance Director Current

Organization Position Status
Mesa Air Group, Inc. Senior Director, Crew Resources Current

Organization Position Status
Mesa Air Group, Inc. Internal Audit Director Current

Organization Position Status
Mesa Air Group, Inc. Accounting Director Current

Organization Position Status
Mesa Air Group, Inc. Director Planning Current

Organization Position Status
Mesa Air Group, Inc. Director, Quality Assurance, Air Midwest Current

Organization Position Status
Mesa Air Group, Inc. Director, Operations Current

Organization Position Status
Mesa Air Group, Inc. Senior Director, Sys Operations Current

Organization Position Status
Mesa Air Group, Inc. General Manager, Reg Aircraft Services Current

David K. Butler, Senior Vice President, Administration & Human Resources, joined the Company in November 2006. From August 2003 to November 2006, he served as Vice President for Human Resources of Arizona State University in Tempe, Arizona. From May 1999 to August 2003, he served as Vice President for Human Resources for the Durham and Manchester campuses of the University of New Hampshire. Mr. Butler received his Master of Arts in Organizational Management from the University of Phoenix in 1998 and he received his Bachelor of Arts in Human Services from California State University in 1980.

Organization Position Status
Mesa Air Group, Inc. Senior Vice President, Administration & Human Resources Current

Organization Position Status
Mesa Air Group, Inc. First Officer Current
Flight Careers Current
Embry-Riddle Aeronautical University Former

Organization Position Status
Dontflygo Director, Member of the Compensation Committee, Senior Vice President, the Washington Group Current
Mesa Air Group, Inc. Board of Directors Current
U.S. Chamber of Commerce Chief Economist Former
Georgetown University Master's of Economics Former
American University B.S. Former

Organization Position Status
MediaBay, Inc. Board of Directors Current
Associated Asphalt Inc. Current
DiamondRock Hospitality Company Board of Directors Current
Mercury Air Group Inc. Board of Directors Current
Friedman, Billings, Ramsey Group, Inc. Board of Directors Current
World Airways, Inc. Board of Directors Current
World Air Holdings, Inc. Board of Directors Current
Thayer Capital Partners, L.P. Board of Directors Current
Gvi Security Solutions, Inc. Board of Directors Current
JER Investors Trust Inc. Board of Directors Current
Mesa Air Group, Inc. Board of Directors Current
The Hobart West Group Inc. Board of Directors Current
Thayer Capital Partners, L.P. advisory director Former
World Airways, Inc. Director Former
Loyola College in Maryland Master of Business Administration Former
Georgetown University Bachelor of Arts In English Former

Joseph L. Manson has been a director of the Company since July 2001. Mr. Manson is a partner in the Washington, D.C. office of the law firm Baker & Hostetler, LLP. Prior to his partnership at Baker & Hostetler, Mr. Manson was a partner with Piper Rudnick, LLP (formerly Verner Lipfert Burnhard McPherson and Hand) where he had been employed since 1975.

Organization Position Status
Mesa Air Group, Inc. Board of Directors Current

Maurice A. Parker has been a director of the Company since November 1998. From 1978 to January 1997, Mr. Parker served as a Federal Mediator for the National Mediation Board of the United States government. From 1997 to the present, Mr. Parker has worked as an independent arbitrator, mediator and consultant. In 1998, Mr. Parker obtained his Doctorate in Jurisprudence from South Texas College of Law. Mr. Parker has served as Executive Director of Regional Aviation Partners since April 2001.

Organization Position Status
Mesa Air Group, Inc. Board of Directors Current

Organization Position Status
Peter F. Nostrand Current
SunTrust Bank Chairman Former
The Holland Society Board of Directors Current
Mesa Air Group, Inc. Board of Directors Current
The Peace Company Head of the Christmas Pageant Former
Greater Washington Initiative Chair Former
University of Virginia Master's Degree Former
Amherst College Bachelor's Degree Former

Organization Position Status
Philadelphia Media Holdings LLC Executive Vice President, Finance Current
Brunini Current
Mesa Air Group, Inc. Board of Directors Current
Law, Snakard & Gambill, P.C. Former
The University of Mississippi Doctorate Former
University of Mississippi Doctorate Former
Birmingham-Southern College Bachelor of Science Degree in Finance Former

Robert Beleson was elected as a director of the Company in October 2003. Since May 2002, Mr. Beleson has provided marketing and strategic planning consulting services to select clients in the aviation and wine and spirit industries. This consulting service was formally organized as Brookfield Marketing, LLC on October 1, 2003. From July 2001 to April 2002 he served as Chief Marketing Officer for Avolar, a former Division of United Airlines. From March 1996 to December 2000 he served as President of M. Shanken Communications, Inc., New York, N.Y. From May 1991 to February 1996 he served as Chief Marketing Officer for Playboy Enterprises. Mr. Beleson received a B.S. from Cornell University School of Industrial and Labor Relations and an M.B.A. from Harvard Business School.

Organization Position Status
Mesa Air Group, Inc. Board of Directors Current

Organization Position Status
Mesa Air Group, Inc. Board of Directors Current

Executive News

  • Eleventh Circuit Court of Appeals Rules in Favor of Mesa Air Group

    Airport Business - 7/11/09 - View Story

  • Hilo flights likely to cost more

    Honolulu Star Bulletin - 7/10/09 - View Story

  • OTCPicks.com: OTCPicks.com Stocks to Watch for Monday, July 6th EDWY, MESA, BCON, NTNI, AVVH

    TradingMarkets - 7/06/09 - View Story

  • US Court of Appeals rules in favor of Mesa Air Group

    eTurboNews - 7/03/09 - View Story

  • Eleventh Circuit Court of Appeals Rules in Favor of Mesa Air Group - Affirms Preliminary Injunction Against Delta Air Lines

    SmartBrief - 7/02/09 - View Story

  • Court nixes Delta cancellation of Mesa Air contract

    The Business Journal of Phoenix - 7/02/09 - View Story

  • Eleventh Circuit Court of Appeals Rules in Favor of Mesa Air Group - Affirms Preliminary...

    Forbes.com - 7/02/09 - View Story

  • Eleventh Circuit Court of Appeals Rules in Favor of Mesa Air Group - Affirms Preliminary...

    Reuters - 7/02/09 - View Story

  • Eleventh Circuit Court of Appeals Rules in Favor of Mesa Air Group - Affirms Preliminary Injunction Against Delta Air Lines

    Baltimore Business Journal - 7/02/09 - View Story

  • Eleventh Circuit Court of Appeals Rules in Favor of Mesa Air Group - Affirms Preliminary Injunction Against Delta Air Li

    NewsBlaze - 7/02/09 - View Story

  • Eleventh Circuit Court of Appeals Rules in Favor of Mesa Air Group - Affirms Preliminary Injunction Against Delta Air Lines

    Stockwatch - 7/02/09 - View Story

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     MESA $0.12 +0.00 (0.50% )
Average Volume 5,239,250
Shares Outstanding 146.61M
Market Cap 17.5M
Year High 0.44
Year Low 0.01
Earnings Per Share -0.72
P/E Ratio -0.17
Dividend N/A
Yield N/A
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