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Globe and Mail
20-05-2025
- Business
- Globe and Mail
Mesa Air Group Reports Second Quarter Fiscal 2025 Results
PHOENIX, May 20, 2025 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) ('Mesa' or the 'Company') today reported second quarter fiscal 2025 financial and operating results. Second Quarter Fiscal 2025 Update: Total operating revenues of $94.7 million Pre-tax loss of $62.5 million, net loss of $58.6 million, or $(1.42) per diluted share Adjusted net loss 1 of $2.9 million 2 excludes a $53.8 million loss related to the impairment and loss on sale of assets Adjusted EBITDAR 1 of $9.6 million Operated at a 99.9% controllable completion factor 3 Scheduled utilization for the quarter of 9.4 block hours per day Operated our last CRJ-900 flight on February 28, 2025 'In the March 2025 quarter, Mesa posted our sixth straight quarter of positive EBITDA and EBITDAR performance, along with our third consecutive quarter of improving block-hour-per-day utilization, which is expected to be 9.8 in the June 2025 quarter,' said Jonathan Ornstein, Mesa Chairman and CEO. 'Notably, we flew our final CRJ-900 flight during February, culminating a multi-year transition of our operations. Mesa was the worldwide launch customer for the CRJ-900 and flew the first flight in 2003. Our United fleet now consists exclusively of 60 E-175 aircraft, and when combined with Republic Airways' fleet upon the closing of our announced transaction, will create one of the world's leading Embraer operators.' 'We continued to close on sales of surplus CRJ assets and repay debt obligations, and we remain focused on being the strongest possible enterprise by the time of transaction completion,' continued Ornstein. 'I want to thank our people for the dedication they have shown during this process, and we look forward to providing enhanced opportunities for them, as well as for our shareholders, as a result of the transaction.' ____________ 1 See Reconciliation of GAAP versus non-GAAP Disclosures 2 Adjusted net loss primarily excludes a $53.8 million loss related to the impairment and loss on sale of assets 3 Excludes cancellations due to weather and air traffic control Mesa Republic Merger Update Hart-Scott-Rodino (HSR) filing submitted: May 16, 2025 Merger expected to close prior to calendar year-end 2025, subject to regulatory approvals, including under the Hart-Scott-Rodino Act, shareholder approvals, and other customary closing conditions Additional details regarding the proposed merger can be found in our Form 8-K filed with the SEC on April 8, 2025 Second Quarter Fiscal 2025 Details Total operating revenues in Q2 2025 were $94.7 million, lower by $36.8 million, or 28.0%, compared to $131.6 million for Q2 2024. Contract revenue was $68.4 million, lower by $45.4 million, or 39.9%, compared to $113.8 million in Q2 2024. These decreases were driven by the reduction in contractual aircraft with United Airlines, Inc. ('United'), and higher deferred revenue. Also, Q2 2024 results included $8.8 million of revenue attributable to higher E-175 block-hour rates retroactively applied to Q1 2024 flying. Pass-through revenue increased by $8.6 million, or 48.2%, driven primarily by higher pass-through maintenance expense. Mesa's Q2 2025 results include, per GAAP, the recognition of $0.7 million of previously deferred revenue, versus the recognition of $7.9 million of previously deferred revenue in Q2 2024. The remaining deferred revenue balance of $14.6 million will be recognized as flights are completed over the remaining term of the United contract. Total operating expenses in Q2 2025 were $152.0 million, an increase of $32.1 million, or 27%, versus Q2 2024. Compared to Q2 2024, the increase primarily reflects net losses on asset sales of $46.2 million. Excluding these items, Q2 2025 operating expenses were $105.8 million, lower by $11.5 million, or 9.8%, compared to $117.3 million in Q2 2024. This decrease primarily reflects flight operations expense that was lower by $13.1 million, or 26.6%, due to fewer contracted aircraft and decreases in pilot training costs, and depreciation and amortization expense that was lower by $3.9 million, or 39.4%, primarily due to the retirement and sale of CRJ aircraft and engines. Mesa's Q2 2025 results reflect a net loss of $58.6 million, or $(1.42) per diluted share, compared to net income of $11.7 million, or $0.28 per diluted share, for Q2 2024. Mesa's Q2 2025 adjusted net loss was $2.9 million, or $(0.07) per diluted share, versus adjusted net income of $6.3 million, or $0.15 per diluted share, in Q2 2024. Mesa's adjusted EBITDA 1 for Q2 2025 was $8.3 million, compared to adjusted EBITDA of $26.8 million for Q2 2024. Adjusted EBITDAR was $9.6 million for Q2 2025, compared to adjusted EBITDAR of $28.2 million for Q2 2024. Second Quarter Fiscal 2025 Operating Performance Operationally, the Company reported a controllable completion factor of 99.9% for United during Q2 2025. This is compared to a controllable completion factor of 99.9% for United during Q2 2024. Controllable completion factor excludes cancellations due to weather and air traffic control. For Q2 2025, the Company operated 60 large (70/76 seats) jets under its CPA with United, comprising 57 E-175s and three CRJ-900s. As of March 31, 2025, Mesa was flying a fleet of 60 E-175s and had wound down CRJ-900 flying. Balance Sheet and Liquidity Mesa ended the March 2025 quarter with $54.1 million in unrestricted cash and cash equivalents. As of March 31, 2025, the Company had $131.7 million in total debt, secured primarily with aircraft and engines, compared to a balance of $400.1 million as of March 31, 2024. During the quarter, the Company paid $25.6 million in debt, comprising of payments related to CRJ asset sale transactions and scheduled obligations. Based on the most recent appraisal value of spare parts, Mesa had $12.4 million in available credit under its United facility, subject to approval. About Mesa Air Group, Inc. Headquartered in Phoenix, Arizona, Mesa Air Group, Inc. is the holding company of Mesa Airlines, a regional air carrier providing scheduled passenger service to 82 cities in 32 states, the District of Columbia, Cuba, and Mexico. As of March 31, 2025, Mesa operated a fleet of 60 aircraft, with approximately 238 daily departures. The Company had approximately 1,650 employees. Mesa operates all its flights as United Express pursuant to the terms of a capacity purchase agreement entered into with United Airlines, Inc. Important Cautions Regarding Forward-Looking Statements This Press Release includes information that constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as 'anticipate', 'estimate', 'expect', 'project', 'plan', 'intend', 'believe', 'may', 'might', 'will', 'should', 'can have', 'likely' and similar expressions are used to identify forward-looking statements. These forward-looking statements are based on the Company's current beliefs, assumptions, and expectations regarding future events, which in turn are based on information currently available to the Company. By their nature, forward-looking statements address matters that are subject to risks and uncertainties. A variety of factors could cause actual events and results to differ materially from those expressed in or contemplated by the forward-looking statements. These factors include, without limitation, the ability to complete the proposed merger with Republic on the proposed terms or on the anticipated timeline, or at all, including the risks and uncertainties related to securing the necessary stockholder approval and satisfaction of other closing conditions to consummate the proposed transaction, the Company's ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq, the Company's ability to regain compliance with Listing Rule, the Company's ability to become current with its reports with the SEC, and the risk that the completion and filing of the Form 10-Q will take longer than expected. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to the Company's filings with the SEC, including the risk factors contained in its most recent Annual Report on Form 10-K and the Company's other subsequent filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable laws. MESA AIR GROUP, INC. Consolidated Statements of Operations and Comprehensive Income (Loss) (In thousands, except per share amounts) (Unaudited) Three months ended March 31, Six months ended March 31, 2025 2024 2025 2024 Operating revenues: Contract revenue $ 68,423 $ 113,820 $ 149,101 $ 214,920 Pass-through and other revenue 26,324 17,762 48,879 35,439 Total operating revenues 94,747 131,582 197,980 250,359 Operating expenses: Flight operations 36,197 49,329 71,470 101,147 Maintenance 43,539 44,272 90,066 92,899 Aircraft rent 1,324 1,408 2,940 2,612 General and administrative 11,484 11,133 21,003 23,142 Depreciation and amortization 5,955 9,823 13,934 23,116 Asset impairment 46,173 2,659 111,838 43,043 Loss on sale of assets 7,706 — 54,397 — (Gain) on extinguishment of debt — — — (2,954) Other operating expenses (379) 1,315 381 4,159 Total operating expenses 151,999 119,939 366,029 287,164 Operating income (loss) (57,252 ) 11,643 (168,049 ) (36,805) Other income (expense), net: Interest expense (5,334) (10,640) (12,398) (21,800) Interest income 24 14 41 28 Gain on investments — 7,230 — 7,230 Unrealized loss on investments, net (11) (6,499) (53) (4,048) Gain on debt forgiveness — 10,500 4,500 10,500 Other income, net 79 (516) (2,820) (359) Total other income (expense), net (5,242) 89 (10,730) (8,449) Income (loss) before taxes (62,494) 11,732 (178,779) (45,254) Income tax expense (benefit) (3,863) 72 (5,591) 936 Net income (loss) $ (58,631 ) $ 11,660 $ (173,188 ) $ (46,190) Net income (loss) per share attributable to common shareholders Basic $ (1.42) $ 0.28 $ (4.19) $ (1.13) Diluted $ (1.42) $ 0.28 $ (4.19) $ (1.13) Weighted-average common shares outstanding Basic 41,334 41,068 41,333 41,004 Diluted 41,334 41,068 41,333 41,004 (In thousands) (Unaudited) March 31, 2025 September 30, 2024 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 54,116 $ 15,621 Restricted cash 3,043 3,009 Receivables, net 14,674 5,263 Expendable parts and supplies, net 13,649 28,272 Assets held for sale 75,812 5,741 Prepaid expenses and other current assets 2,283 3,371 Total current assets 163,577 61,277 Property and equipment, net 36,846 426,351 Lease and equipment deposits 583 1,289 Operating lease right-of-use assets 7,050 7,231 Deferred heavy maintenance, net — 6,396 Assets held for sale — 86,605 Other assets 6,896 7,709 TOTAL ASSETS $ 214,952 $ 596,858 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Current portion of long-term debt and finance leases $ 98,603 $ 50,455 Current portion of deferred revenue 5,381 3,932 Current maturities of operating leases 1,535 1,681 Accounts payable 55,972 72,096 Accrued compensation 11,498 12,797 Customer deposits 849 1,189 Other accrued expenses 28,199 32,308 Total current liabilities 202,037 174,458 NONCURRENT LIABILITIES: Long-term debt and finance leases, excluding current portion 31,652 259,816 Noncurrent operating lease liabilities 6,890 6,863 Deferred credits — 3,020 Deferred income taxes 596 8,173 Deferred revenue, net of current portion 9,209 5,707 Other noncurrent liabilities 26,973 28,579 Total noncurrent liabilities 75,320 312,158 Total liabilities 277,357 486,616 STOCKHOLDERS' EQUITY: Common stock of no par value and additional paid-in capital, 125,000,000 shares authorized; 41,334,433 (2025) and 41,331,719 (2024) shares issued and outstanding, 4,899,497 (2025) and 4,899,497 (2024) warrants issued and outstanding 272,918 272,376 Accumulated deficit (335,323) (162,134) Total stockholders' equity (62,405 ) 110,242 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 214,952 $ 596,858 (Unaudited) Three months ended March 31, 2025 2024 Change Available seat miles (thousands) 890,987 961,761 (11.3)% Block hours 39,517 43,270 (12.7)% Average stage length (miles) 600 544 6.5 % Departures 19,894 23,691 (17.4)% Passengers 1,174,960 1,422,702 63.3 % Controllable completion factor* United 99.88 % 99.85 % 0.0 % Total completion factor** United 97.02 % 97.15 % (0.1)% *Controllable completion factor excludes cancellations due to weather and air traffic control **Total completion factor includes all cancellations Reconciliation of non-GAAP financial measures Although these financial statements are prepared in accordance with accounting principles generally accepted in the U.S. ("GAAP"), certain non-GAAP financial measures may provide investors with useful information regarding the underlying business trends and performance of Mesa's ongoing operations and may be useful for period-over-period comparisons of such operations. The tables below reflect supplemental financial data and reconciliations to GAAP financial statements for the three months and six months ended March 31, 2025 and March 31, 2024. Readers should consider these non-GAAP measures in addition to, not a substitute for, financial reporting measures prepared in accordance with GAAP. These non-GAAP financial measures exclude some, but not all items that may affect the Company's net income or loss. Additionally, these calculations may not be comparable with similarly titled measures of other companies. Reconciliation of GAAP versus non-GAAP Disclosures (In thousands) (Unaudited) Three Months Ended March 31, 2025 Three Months Ended March 31, 2024 Income (Loss) Before Taxes Income Tax (Expense) Benefit Net Income (Loss) Net Income (Loss) per Diluted Share Income (Loss) Before Taxes Income Tax (Expense) Benefit Net Income (Loss) Net Income (Loss) per Diluted Share GAAP income (loss) $ (62,494) $ 3,863 $ (58,631) $ (1.42) $ 11,732 $ (72) $ 11,660 $ 0.28 Adjustments (1)(2)(3)(4)(5)(6) (7)(8) (9) 59,550 (3,681) 55,869 $ 1.35 (5,423) 33 (5,390) $ (0.13) Adjusted income (loss) (2,944) 182 (2,762) $ (0.07) 6,309 (39) 6,270 $ 0.15 Interest expense 5,334 10,640 Interest income (24) (14) Depreciation and amortization 5,955 9,823 Adjusted EBITDA 8,321 26,758 Aircraft rent 1,324 1,408 Adjusted EBITDAR $ 9,645 $ 28,166 (1) $10.5 million gain on debt forgiveness during the three months ended March 31, 2024. (2) $6.5 million loss resulting from changes in the fair value of the Company's investments in equity securities during the three months ended March 31, 2024. (3) $7.2 million gain on the transfer of investments in equity securities during the three months ended March 31, 2024. (4) $0.9 million loss for early payment fees on the retirement of debt during the three months ended March 31, 2024. (5) $46.2 million and $2.7 million impairment loss related to held for sale assets during the three months ended March 31, 2025 and March 31, 2024, respectively. (6) $1.3 million and $1.2 million loss on deferred financing costs related to the retirement of debts during the three months ended March 31, 2025 and March 31, 2024 respectively. (7) $3.6 million and $1.2 million in third party costs associated with significant, non-recurring transactions during the three months ended March 31, 2025 and March 31, 2024, respectively. (8) $7.7 million net loss and $0.2 million gain on the sale of assets during the three months ended March 31, 2025 and March 31, 2024, respectively. (9) $0.7 million in miscellaneous costs associated with the sale of assets during the three months ended March 31, 2025. Six Months Ended March 31, 2025 Six Months Ended March 31, 2024 Income (Loss) Before Taxes Income Tax (Expense) Benefit Net Income (Loss) Net Income (Loss) per Diluted Share Income (Loss) Before Taxes Income Tax (Expense) Benefit Net Income (Loss) Net Income (Loss) per Diluted Share GAAP income (loss) $ (178,779) $ 5,591 $ (173,188) $ (4.19) $ (45,254) $ (936) $ (46,190) $ (1.13) Adjustments (1)(2)(3)(4)(5)(6)(7)(8) (9)(10)(11) (12) 171,816 (5,373) 166,433 $ 4.03 32,217 666 32,883 $ 0.80 Adjusted income (loss) (6,963) 218 (6,745) $ (0.16) (13,037) (270) (13,307) $ (0.32) Interest expense 12,398 21,800 Interest income (41) (28) Depreciation and amortization 13,934 23,116 Adjusted EBITDA 19,328 31,851 Aircraft rent 2,940 2,612 Adjusted EBITDAR $ 22,268 $ 34,463 (1) $3.0 million gain on extinguishment of debt the six months ended March 31, 2024. (2) $7.2 million gain on the transfer of investments in equity securities during the six months ended March 31, 2024. (3) $0.9 million loss for early payment fees on the retirement of debt during the six months ended March 31, 2024. (4) $4.5 million and $10.5 million gain on debt forgiveness during the six months ended March 31, 2025 and March 31, 2024, respectively. (5) $0.1 million and $4.0 million loss resulting from changes in the fair value of the Company's investments in equity securities during the six months ended March 31, 2025 and March 31, 2024, respectively. (6) $51.1 million and $43.0 million impairment loss related to held for sale assets during the six months ended March 31, 2025 and March 31, 2024, respectively. (7) $2.0 million and $1.3 million loss on deferred financing costs related to the retirement of debts during the six months ended March 31, 2025 and March 31, 2024 respectively. (8) $4.3 million and $3.2 million in third party costs associated with significant, non-recurring transactions during the six months ended March 31, 2025 and March 31, 2024, respectively. (9) $54.4 million and $0.2 million net loss on the sale of assets during the six months ended March 31, 2025 and March 31, 2024, respectively. (10) $0.7 million in miscellaneous costs associated with the sale of assets during the six months ended March 31, 2025. (11) $2.9 million loss on the write off of interest related to the sale of aircraft during the six months ended March 31, 2025.
Yahoo
10-04-2025
- Politics
- Yahoo
Two American Airlines jets clip wings on runway at Reagan airport
Two American Airlines jet have had a minor collision on the runway at Ronald Reagan Washington National Airport - just three months after a deadly crash near there. The Federal Aviation Administration said the wingtip of one aircraft struck another on Thursday afternoon. At least two members of Congress were aboard one of the jets. Nick LaLota, a New York Republican, said no-one was hurt when the wing of their stationary plane was "bumped" by another jet. Sixty-seven people died on 29 January when an Army helicopter collided in midair with a jetliner as it landed at the same airport. LaLota posted on X: "Serving in Congress has come with some once in a lifetime experiences… like just now while stationary on the runway at DCA, another plane just bumped into our wing." "Heading back to the gate, but thankfully everyone is ok," LaLota added. He said his colleague, Grace Meng, a New York Democrat, was handing out grapes to passengers on the plane. She posted on X: "I'm grateful no one was hurt today." The Federal Aviation Administration said: "The wingtip of American Airlines Flight 5490 struck American Airlines Flight 4522 on a taxiway at Ronald Reagan Washington National Airport around 12:45pm local time on Thursday, April 10. "Flight 5490, a Bombardier CRJ 900, was headed to Charleston International Airport in South Carolina. Flight 4522, an Embraer E175, was headed to JFK International Airport in New York. The FAA will investigate." Ronald Reagan Washington National Airport said in a statement that there was no impact on flight operations, and both aircraft returned to gates with no injuries reported. American Airlines said 76 customers were aboard Flight 5490 and 67 customers were on the other plane, and no injuries were reported. "Safety is our top priority," the airline said in an emailed statement, "and we apologize to our customers for their experience." "Both aircraft taxied to the terminal and have been taken out of service to be inspected by our maintenance teams," the statement continued. "The damage was limited to a winglet on each aircraft." An investigation is still ongoing into January's deadly crash involving an American Airlines flight from Wichita, Kansas, that was landing at Reagan National Airport when it collided with a Sikorsky H-60 Black Hawk helicopter. The cause of that disaster remains unknown, but a preliminary report from the National Transportation Safety Board (NTSB) recommended that some helicopter operations near the airport be banned. 'Woah that was close': Near-miss warning signs ahead of DC plane crash NTSB recommends ban on some helicopter flights at Reagan airport after DC plane crash What we know so far about Washington DC plane crash
Yahoo
10-04-2025
- Politics
- Yahoo
Two American Airlines jets clip wings on runway at Reagan airport
Two American Airlines jet have had a minor collision on the runway at Ronald Reagan Washington National Airport - just three months after a deadly crash near there. The Federal Aviation Administration said the wingtip of one aircraft struck another on Thursday afternoon. At least two members of Congress were aboard one of the jets. Nick LaLota, a New York Republican, said no-one was hurt when the wing of their stationary plane was "bumped" by another jet. Sixty-seven people died on 29 January when an Army helicopter collided in midair with a jetliner as it landed at the same airport. LaLota posted on X: "Serving in Congress has come with some once in a lifetime experiences… like just now while stationary on the runway at DCA, another plane just bumped into our wing." "Heading back to the gate, but thankfully everyone is ok," LaLota added. He said his colleague, Grace Meng, a New York Democrat, was handing out grapes to passengers on the plane. She posted on X: "I'm grateful no one was hurt today." The Federal Aviation Administration said: "The wingtip of American Airlines Flight 5490 struck American Airlines Flight 4522 on a taxiway at Ronald Reagan Washington National Airport around 12:45pm local time on Thursday, April 10. "Flight 5490, a Bombardier CRJ 900, was headed to Charleston International Airport in South Carolina. Flight 4522, an Embraer E175, was headed to JFK International Airport in New York. The FAA will investigate." Ronald Reagan Washington National Airport said in a statement that there was no impact on flight operations, and both aircraft returned to gates with no injuries reported. American Airlines said 76 customers were aboard Flight 5490 and 67 customers were on the other plane, and no injuries were reported. "Safety is our top priority," the airline said in an emailed statement, "and we apologize to our customers for their experience." "Both aircraft taxied to the terminal and have been taken out of service to be inspected by our maintenance teams," the statement continued. "The damage was limited to a winglet on each aircraft." An investigation is still ongoing into January's deadly crash involving an American Airlines flight from Wichita, Kansas, that was landing at Reagan National Airport when it collided with a Sikorsky H-60 Black Hawk helicopter. The cause of that disaster remains unknown, but a preliminary report from the National Transportation Safety Board (NTSB) recommended that some helicopter operations near the airport be banned. 'Woah that was close': Near-miss warning signs ahead of DC plane crash NTSB recommends ban on some helicopter flights at Reagan airport after DC plane crash What we know so far about Washington DC plane crash
New York Times
20-03-2025
- General
- New York Times
Airliner Was Descending Fast Before It Flipped on Landing, Report Finds
A Delta Air Lines passenger jet that flipped over, burned and lost a wing after landing in Toronto last month was descending at what experts called an excessive speed when it touched down, according to a preliminary report from the Canadian authorities. The report from the Transportation Safety Board of Canada, an independent agency, found that a warning about the plane's rapid descent had sounded just before it touched down, and the plane was dropping at nearly twice the rate that qualifies as a 'hard landing' in the flight operations manual of the Delta subsidiary, Endeavor Air, that was operating the jet. A descent greater than 600 feet per minute is considered a 'hard landing,' according to the manual. Just before the crash, the plane was descending at 1,100 feet per minute, the report said. When the plane landed, a part attached to the main landing gear on the right side broke, according to the report. In a matter of seconds, the jet rolled to its right, still skidding down the runway, the right wing snapped off, the plane burst into flames and it came to a stop upside down. 'It was descending much too fast,' said Jeff Guzzetti, a former U.S. accident investigator for the Federal Aviation Administration and National Transportation Safety Board. 'It's possible that the rate of descent was so great that it exceeded the design stress limits of that landing gear.' Despite the dramatic events, all 80 people on board, including 76 passengers and four crew members, were able to evacuate safely. After the plane was empty, there was an explosion near the left wing. The report did not assign a cause for the Feb. 17 crash or the explosion, and the safety board said that its work was ongoing. 'Accident and incidents rarely stem from a single cause,' Yoan Marier, chairman of the Transportation Safety Board of Canada, said in a video statement. The plane, a CRJ 900 made by Bombardier, had left Minneapolis and was arriving at Toronto Pearson International Airport in windy conditions, which aviation safety experts said can complicate the landing process. According to the safety board's report, the plane's air speed increased, apparently from a wind gust, less than 15 seconds before landing. The pilot reduced thrust, which experts described as a typical response. But, less than three seconds before landing, the alert sounded warning that the plane was dropping too fast. The plane's nose was also pointed upward at a one-degree angle, lower than the three to eight degrees recommended by the operations manual 'Everything went to hell in the last seconds,' said Ben Berman, a safety consultant who is also a former airline pilot and federal crash investigator in the United States. The conditions the pilots faced that day can make flying 'very difficult,' he added. The captain of the plane, who was also a simulator instructor, had worked for Endeavor since 2007, and had 764 hours of flight time on the type of plane involved in the crash. The first officer, who was flying the plane, had worked for the airline since January 2024 and had nearly 420 hours of experience with that aircraft model. Such experience is not unusual for pilots at smaller airlines like Endeavor, aviation experts said. At least 21 people were injured in the crash. Passengers hung upside down in their seats after the crash, held up by their seatbelts, the report said. Two days after the crash, Delta Air Lines offered each passenger $30,000, which the company said came with 'no strings attached.' Passengers have filed several lawsuits against the company in the United States, and Vincent Genova, a Toronto-based lawyer, said his firm has been retained by 12 Canadian passengers.
Yahoo
20-03-2025
- General
- Yahoo
Fast descent warning triggered on Delta jet that went belly-up on landing in Toronto
(Reuters) - A safety warning system went off in a Delta Air Lines regional jet before it landed and flipped belly-up at Canada's largest airport in February, indicating a fast rate of descent, the country's Transportation Safety Board (TSB) said on Thursday in a preliminary report on the accident. Despite nearly two dozen injured passengers, none of the 80 people died on board flight DL4819, a CRJ900 jet operated by Delta's Endeavor Air subsidiary from Minneapolis-St. Paul International Airport. Video capturing the plane turning over after landing and missing its right wing at Canada's largest airport had circulated widely on social media. Several recent high-profile air crashes have been cited by some U.S. airline CEOs as contributing factors to dampening domestic travel demand. "Some passengers had difficulty releasing the buckles on their safety belts due to being inverted," the report said. "Some of the injuries sustained by the passengers occurred when they unbuckled their safety belts and fell to the ceiling. The TSB is not aware of any safety belt or seat failures occurring during the accident." The TSB's preliminary report into the February 17 incident at Toronto's Pearson Airport also provided details on the experience of crew members. The jet's captain had worked for Endeavor Air since 2007 and had 3,570 hours of total flight time while the first officer had had 1,422 hours of total flight time. (Reporting By Allison Lampert, David Shepardson and Rajesh Kumar Singh; Editing by Nick Zieminski)
