Mesa Regains Compliance with NASDAQ Minimum Bid Price Requirement

Core Points - Mesa Air Group has regained compliance with Nasdaq's minimum bid price requirement after maintaining a closing bid price of $1.00 or more for 10 consecutive business days [1][3] - The notification from Nasdaq confirms that Mesa's common stock met the minimum bid price requirement after previously being notified of non-compliance on November 3, 2023 [2][3] Company Overview - Mesa Air Group, Inc. is headquartered in Phoenix, Arizona, and operates as a regional air carrier under the brand Mesa Airlines, providing scheduled passenger service to 79 cities across 36 states, the District of Columbia, Canada, Cuba, and Mexico [4] - As of March 31, 2024, Mesa operated a fleet of 80 aircraft with approximately 263 daily departures and employed around 2,110 staff [4] - The company operates all flights as United Express under a capacity purchase agreement with United Airlines, Inc. [4]