Mesa Air Group Inc.
0.0 %
40.44 %
Yet to be announced
Company Overview
Mesa Air Group Inc. is a regional airline holding company based in Phoenix, Arizona. The company operates as a regional air carrier providing scheduled passenger service through agreements with major airlines including United Airlines and American Airlines. Mesa Air Group primarily provides regional jet service under fixed-fee agreements.
Revenue Sources
Mesa Air Group's revenue comes from providing regional airline passenger transportation services, which is a halal business activity. The company does not derive income from prohibited sources like alcohol, gambling, or other haram activities. Their core business model of providing air transportation services is permissible from an Islamic perspective.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| June 30, 2024 | $110.79m | $128.85m | - | $9.03m | 0.00% | 7.01% |
| March 31, 2024 | $131.58m | $130.58m | - | $10.64m | 0.00% | 8.15% |
| Dec. 31, 2023 | $118.78m | $178.38m | - | $11.16m | 0.00% | 6.26% |
| June 30, 2023 | $114.69m | $166.94m | - | $12.02m | 0.00% | 7.20% |
Based on the financial data from the last four quarters, Mesa Air Group's interest expenses relative to total expenses were consistently material. Interest expenses ranged from approximately 5% to 8% of total expenses across the reporting periods, which exceeds our threshold for comfort from an Islamic finance perspective.
Operational Ethics
Based on available information from SEC filings and company materials, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.
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