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Mesa Air: Fiscal 1Q Earnings Snapshot

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PHOENIX (AP) _ Mesa Air Group Inc. (MESA) on Tuesday reported fiscal first-quarter earnings of $14.1 million.

The Phoenix-based company said it had profit of 39 cents per share. Earnings, adjusted to extinguish debt, came to 36 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The regional airline posted revenue of $150.4 million in the period.

Mesa Air shares have increased 10% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $7.39, a decrease of almost 7% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MESA at https://www.zacks.com/ap/MESA