- Raymond James analyst Savanthi Syth downgraded Mesa Air Group Inc (NASDAQ: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.
