PHOENIX — Mesa Air Group, the Phoenix-based company that operates regional commercial carrier Mesa Airlines, has been able to hire and retain pilots better than expected.
As a result, the airline announced July 2 it would be implementing a pilot furlough.
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On July 12, Mesa Air (Nasdaq: MESA) will furlough 12 pilots and implement training deferrals for 41 pilot trainees, the company announced. The furloughs and deferrals are expected to save Mesa around $750,000 per month in operating expenses.
The excess of pilots for Mesa Air is a dramatic shift from just a few years ago when the company struggled to hire and retain enough pilots because they were being hired away quickly by major carriers like United Airlines or American Airlines.
