Raymond James Downgrades This Regional Air Carrier

  • Raymond James analyst Savanthi Syth downgraded Mesa Air Group Inc MESA to Market Perform from Outperform without a price target, reflecting regional airline industry headwinds.
  • Syth says the magnitude of the impact on earnings appears to be greater than anticipated.
  • Syth further mentions that much of this headwind should ease in early 2023, though pushing back the anticipated earnings recovery by at least a year.
  • Also Read: Mesa Airlines Reports ~4% Block Hours Growth In December.
  • Price Action: MESA shares are trading lower by 4.63% at $4.74 on the last check Friday.
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Posted In: Analyst ColorNewsPenny StocksDowngradesAnalyst RatingsMoversTrading IdeasAirlinesBriefsIndustrials
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