Mesa Air Group Inc. released its annual financial results for the fiscal year ending September 30, 2024. The company reported a net loss of $91.0 million, an improvement from the net loss of $120.1 million recorded in the previous fiscal year. This reduction in net loss is attributed to a decrease in operating expenses. Key factors contributing to the reduced expenses include lower flight operations costs due to decreased pilot training and wages, reduced maintenance expenses primarily from decreased pass-through engine overhaul on the E-175 fleet, and a decrease in general and administrative expenses, mainly due to lower pass-through property tax. Additionally, the company experienced an operating loss of $65.8 million for the fiscal year 2024, compared to an $84.3 million operating loss in 2023. The improvement in operating results highlights Mesa Air Group's efforts to streamline costs and enhance operational efficiency. The results also underscore significant reductions in depreciation expenses, which contributed to the overall improved financial performance of the company. However, despite these improvements, Mesa Air Group continues to face challenges and uncertainties in its path to profitability.