UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q
☑ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |
| For the quarterly period-ended March 31, 2007 | ||
or | ||
o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |
Commission File Number 0-15495
Mesa Air Group, Inc.
(Exact name of registrant as specified in its charter)
| Nevada (State or other jurisdiction of incorporation or organization) | 85-0302351 (I.R.S. Employer Identification No.) | |
410 North 44th Street,
Suite 100, | 85008 (Zip code) |
Registrant's telephone number, including area code:
(602) 685-4000
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the last 90 days. Yes ☑ No o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of "accelerated filer and large accelerated filer" in Rule 12b-2 of the Exchange Act. (Check one):
| Large accelerated filer o | Accelerated filer ☑ | Non-accelerated filer o |
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No ☑
On May 1, 2007, the registrant had outstanding 31,410,065 shares of Common Stock.
TABLE OF
CONTENTS
INDEX
| Page No. | ||||||||
PART I - FINANCIAL INFORMATION | ||||||||
Item 1. | Financial Statements: | |||||||
| Condensed Consolidated Statements of Operations | 3 | |||||||
| Condensed Consolidated Balance Sheets | 4 | |||||||
| Condensed Consolidated Statements of Cash Flows | 5 | |||||||
| Notes to Condensed Consolidated Financial Statements | 6 | |||||||
Item 2. | Management's Discussion and Analysis of Financial Condition and Results of Operations | 19 | ||||||
Item 3. | Quantitative and Qualitative Disclosures about Market Risk | 36 | ||||||
Item 4. | Controls and Procedures | 36 | ||||||
PART II - OTHER INFORMATION | ||||||||
Item 1. | Legal Proceedings | 37 | ||||||
Item 1A. | Risk Factors | 38 | ||||||
Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 39 | ||||||
Item 3. | Defaults Upon Senior Securities | 39 | ||||||
Item 4. | Submission of Matters to Vote for Security Holders | 39 | ||||||
Item 5. | Other Information | 40 | ||||||
Item 6. | Exhibits | 40 | ||||||
Signatures | 41 | |||||||
| EX-10.1 | ||||||||
| EX-10.2 | ||||||||
| EX-31.1 | ||||||||
| EX-31.2 | ||||||||
| EX-32.1 | ||||||||
| EXS-32.2 | ||||||||
2
PART 1. FINANCIAL INFORMATION
| Item 1. | Financial Statements |
MESA AIR
GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS