Mesa Air Group, Inc.

NasdaqCM:MESA Stock Report

Market Cap: US$58.6m

This company is no longer active

The company may no longer be operating, as it may be out of business. Find out why through their latest events.

Mesa Air Group Management

Management criteria checks 3/4

Mesa Air Group's CEO is Jonathan Ornstein, appointed in May 1998, has a tenure of 27.5 years. total yearly compensation is $1.83M, comprised of 32.9% salary and 67.1% bonuses, including company stock and options. directly owns 2.41% of the company’s shares, worth $1.41M. The average tenure of the management team and the board of directors is 19.1 years and 14.7 years respectively.

Key information

Jonathan Ornstein

Chief executive officer

US$1.8m

Total compensation

CEO salary percentage32.86%
CEO tenure27.5yrs
CEO ownership2.4%
Management average tenure19.1yrs
Board average tenure14.7yrs

Recent management updates

Recent updates

Seeking Alpha • Jan 25

Airline Turnarounds: Spirit Airlines Vs. Mesa Air Group

Summary Dave Portnoy's tweets about being long on Spirit Airlines may spark a short squeeze. The fundamentals of SAVE, including its high debt load, make it a risky investment at $7 or $8 per share. Mesa Airlines offers a better risk/return profile for those looking to play an airline turnaround. Read the full article on Seeking Alpha
Analysis Article • Apr 19

Health Check: How Prudently Does Mesa Air Group (NASDAQ:MESA) Use Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Sep 25

Is Mesa Air Group (NASDAQ:MESA) Using Debt In A Risky Way?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Jun 24

Is Mesa Air Group, Inc. (NASDAQ:MESA) Worth US$2.4 Based On Its Intrinsic Value?

Does the June share price for Mesa Air Group, Inc. ( NASDAQ:MESA ) reflect what it's really worth? Today, we will...
Seeking Alpha • Jun 23

Mesa Air Group: Not A Regional Airlines Gem

Mesa Air Group is experiencing the bitter reality of being a regional airline. Airline has 200 pilots in training, but between each pilot leaving and coming in there is a 74-day gap. Absent of pilot shortages, regional airlines with fuel cost pass through would provide superior investment opportunities.
Analysis Article • May 18

Is Mesa Air Group (NASDAQ:MESA) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article • Feb 02

Shareholders May Be Wary Of Increasing Mesa Air Group, Inc.'s (NASDAQ:MESA) CEO Compensation Package

Mesa Air Group, Inc. ( NASDAQ:MESA ) has not performed well recently and CEO Jonathan Ornstein will probably need to up...
Seeking Alpha • Jan 05

Mesa Air Group: Regional Carrier Is A Value Pick With Upside In 2022

Mesa Air Group operates regional flights under service agreements for other major airlines. While the company was profitable in 2021, higher costs related to aircraft maintenance along with ongoing Covid disruptions have pressured the outlook. Assuming the pandemic is controlled going forward, we are bullish on MESA with the recent selloff presenting a compelling buying opportunity.
Analysis Article • Dec 02

Is Mesa Air Group (NASDAQ:MESA) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Seeking Alpha • Sep 05

Mesa Air Group: Risky Despite Recent 53% Drop In Price

Since the stock is down 53% from its March highs, it is interesting taking a deeper look at the fundamentals. The company has been affected by the COVID-19 pandemic, but managed to stay profitable and showed resilience. There are interesting growth opportunities embedded in the business.
Analysis Article • May 04

Is Mesa Air Group (NASDAQ:MESA) Using Debt In A Risky Way?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

CEO Compensation Analysis

How has Jonathan Ornstein's remuneration changed compared to Mesa Air Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2025n/an/a

-US$177m

Mar 31 2025n/an/a

-US$218m

Dec 31 2024n/an/a

-US$148m

Sep 30 2024US$2mUS$600k

-US$91m

Jun 30 2024n/an/a

-US$94m

Mar 31 2024n/an/a

-US$122m

Dec 31 2023n/an/a

-US$169m

Sep 30 2023US$2mUS$600k

-US$120m

Jun 30 2023n/an/a

-US$207m

Mar 31 2023n/an/a

-US$170m

Dec 31 2022n/an/a

-US$177m

Sep 30 2022US$2mUS$600k

-US$183m

Jun 30 2022n/an/a

-US$75m

Mar 31 2022n/an/a

-US$60m

Dec 31 2021n/an/a

-US$12m

Sep 30 2021US$2mUS$600k

US$17m

Jun 30 2021n/an/a

US$35m

Mar 31 2021n/an/a

US$35m

Dec 31 2020n/an/a

US$31m

Sep 30 2020US$2mUS$600k

US$27m

Jun 30 2020n/an/a

US$28m

Mar 31 2020n/an/a

US$28m

Dec 31 2019n/an/a

US$39m

Sep 30 2019US$1mUS$600k

US$48m

Compensation vs Market: Jonathan's total compensation ($USD1.83M) is above average for companies of similar size in the US market ($USD597.08K).

Compensation vs Earnings: Jonathan's compensation has been consistent with company performance over the past year.

CEO

Jonathan Ornstein (67 yo)

27.5yrs
Tenure
US$1,825,942
Compensation

Mr. Jonathan G. Ornstein serves as Chief Executive Officer of go! airlines. Mr. Ornstein has been Chief Executive Officer at Mesa Air Group, Inc. and Mesa Airlines Inc. since May 1, 1998.Mr. Ornstein serv...

Leadership Team

NamePositionTenureCompensationOwnership
Jonathan Ornstein
Chairman & CEO27.5yrsUS$1.83m2.41%
$ 1.4m
Michael Lotz
President & CFO25.4yrsUS$1.50m1.38%
$ 809.5k
Doug Cooper
Head of Investor Relationsno datano datano data
Brian Gillman
Executive VP12.8yrsUS$639.76k0.37%
$ 217.8k
Michael Whitman
Chief Pilot6.5yrsno datano data
19.1yrs
Average Tenure
65yo
Average Age

Experienced Management: MESA's management team is seasoned and experienced (19.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jonathan Ornstein
Chairman & CEO27.8yrsUS$1.83m2.41%
$ 1.4m
Mitchell Gordon
Independent Director14.7yrsUS$172.70k0.34%
$ 200.6k
Ellen Artist
Independent Director14.7yrsUS$187.70k0.33%
$ 195.3k
Harvey Schiller
Lead Independent Director14.7yrsUS$202.70k0.30%
$ 175.4k
Dana Lockhart
Independent Director14.7yrsUS$172.70k0.36%
$ 212.8k
Spyridon Skiados
Independent Director14.7yrsUS$182.70k0.30%
$ 173.9k
14.7yrs
Average Tenure
72.5yo
Average Age

Experienced Board: MESA's board of directors are seasoned and experienced ( 14.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/26 18:18
End of Day Share Price 2025/11/24 00:00
Earnings2025/06/30
Annual Earnings2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mesa Air Group, Inc. is covered by 8 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew DidoraBofA Global Research
Scott BuckB. Riley Securities, Inc.
Michael LinenbergDeutsche Bank