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Mesa Air Group (Mesa Air Group) Retained Earnings : $-71.1 Mil (As of Sep. 2023)


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What is Mesa Air Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Mesa Air Group's retained earnings for the quarter that ended in Sep. 2023 was $-71.1 Mil.

Mesa Air Group's quarterly retained earnings declined from Mar. 2023 ($4.8 Mil) to Jun. 2023 ($-42.8 Mil) and declined from Jun. 2023 ($-42.8 Mil) to Sep. 2023 ($-71.1 Mil).

Mesa Air Group's annual retained earnings declined from Sep. 2021 ($231.7 Mil) to Sep. 2022 ($49.0 Mil) and declined from Sep. 2022 ($49.0 Mil) to Sep. 2023 ($-71.1 Mil).


Mesa Air Group Retained Earnings Historical Data

The historical data trend for Mesa Air Group's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mesa Air Group Retained Earnings Chart

Mesa Air Group Annual Data
Trend Sep07 Sep08 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 187.36 215.09 231.68 49.00 -71.12

Mesa Air Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 49.00 39.91 4.79 -42.78 -71.12

Mesa Air Group Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Mesa Air Group  (NAS:MESA) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Mesa Air Group (Mesa Air Group) Business Description

Traded in Other Exchanges
Address
410 North 44th Street, Suite 700, Phoenix, AZ, USA, 85008
Mesa Air Group Inc is a regional air carrier providing scheduled passenger service. It provides scheduled passenger service to 129 cities in the District of Columbia, the Bahamas, and Mexico, as well as cargo services out of Cincinnati/Northern Kentucky International Airport. Flights are operated as American Eagle, United Express, or DHL Express flights to the terms of capacity purchase agreements with American and United and a flight services agreement with DHL. The business has a presence in domestic hubs and cities, including Dallas, Houston, Phoenix, and Washington-Dulles.
Executives
Jonathan Ireland director 410 NORTH 44TH STREET, SUITE 700, PHOENIX AZ 85008
Daniel Jerome Mchugh director 410 N 44TH ST STE 700, PHOENIX AZ 85008
Daniel Torque Zubeck officer: CFO & Treasurer 16832 12TH AVE SW, NORMANDY WA 98166
Jonathan G Ornstein director, officer: Chairman & CEO 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Mitchell I Gordon director C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVENUE, 8TH FL - SUITE 8133, NEW YORK NY 10022
Brian S Gillman officer: General Counsel 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Spyridon Skiados director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Harvey W Schiller director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Michael Lotz officer: President and COO 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Ellen N. Artist director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Dana J Lockhart director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Bradford R Rich officer: EVP & Chief Operating Officer MESA AIR GROUP, 410 NORTH 44TH STREET, PHOENIX AZ 85008
Michael L Ferverda officer: President, Freedom Airlines 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
G Grant Lyon director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Daniel Joseph Altobello director 6550 ROCK SPRING DR, SUITE 550, BETHESDA MD 20817