Updated at 12:43 p.m., Tuesday, November 21, 2006
Go!'s parent Mesa reports net income dropped 68 percent
Advertiser Staff
The parent of go! airline said today that its net income fell 68 percent during its fiscal fourth quarter.Phoenix-based Mesa Air Group Inc. said its net income for the three months ending Sept. 30 was $4.8 million, or 12 cents per share, compared to $15 million, or 36 cents per share, in the year-earlier quarter.
Mesa said higher training costs and increased engine overhaul expenses on its Mainland operations led to the drop in profit.
