Mesa Air Group, Inc.

Thank you for standing by, and welcome to Mesa Airlines Q3 investor conference call. All participants are on a listen-only mode until the question and answer session. At that time, please press star 1, unmute your phone, and record your name at the prompt. This call is being recorded. If you have any objections, please disconnect at this time. A knowledge channel call over to Susan D'Onofrio, head of investor relations. Ms. D'Onofrio, you may begin.

Thank you, Operator, and welcome everyone to Mesa's earnings call for its third fiscal quarter and to June 30th. This call is being recorded and simultaneously webcast. A replay of this call can be found on our website. On the call with me today are Jonathan Ornstein, Mesa's Chairman and CEO, Brad Rich, EVP and COO, Michael Lotz, President and CFO, and Tork Zubek, Senior VP Finance, as well as other members of the management team. Following our prepared remarks, there will be a question and answer session for the sell-side analysts. We also wanted to remind everyone on the call today that today's discussion contains forward-looking statements that are based on the company's current expectations and are not a guarantee of future performance. There could be significant risks and uncertainties that cause actual results to differ materially from those reflected by the forward-looking statements including the risk factors discussed in our reports on file with the SEC. We undertake no duty to update any forward-looking statements. In comparing our results today, we will be adjusting all periods to exclude special items. Please refer to our third fiscal quarter earnings release, which is available on our website, for the reconciliation of our non-GAAP measures. With that, I will turn it over to Jonathan for his opening remarks. Jonathan?

Thank you very much, Susan. I'd like to start, of course, by thanking our dedicated people here at Mesa for their continued focus and support throughout this truly unprecedented time. The team's ability to adapt in a difficult environment while responding to rapid changes in demand is truly a testament to their capabilities and dedication. While Brad and Tork will go through the details, I'd like to jump into some of the highlights from this quarter. On the financial side, we reported a pre-tax profit of $5.8 million and net income of 4.3 million or 11 cents per diluted share. We did take delivery of the last four Embraer 175 LLs to bring our total flying for the United up to 80 aircraft. We reported a sizable increase in our year over year block hours and subsequent to quarter end, we invested in a second electric aircraft company. On the operational side, we have seen a significant increase in activity with our partners. We believe this is mostly due to the volume of vaccination and the easing of COVID restrictions. Not only did we increase the number of flights and utilization of our current fleet, but we also took on additional flying at the request of our partners. As domestic traffic continues to improve, this increase in flight demand has created some challenges, primarily around supply chain and MRO production capabilities. As a result, we have seen a significant increase in the time of our contracted heavy maintenance providers having to perform sea checks on our CRJ900 fleet. Costs have also increased in part due to interior refurbishments on the 900 fleet, and Brad will give you some more details on this later. Besides the continual improvements, upgrades, and expansions in our fleet in response to our flying partners' needs, we are also investing in the next generation of aircraft technology. We believe that more sustainable aviation operations will be an essential part of air travel in the future. Remaining at the forefront of that movement, we believe will help ensure the longevity and strength of our company for years to come. We also think that by entering into these new ventures with our major airline partners, we'll continue to strengthen our long-term relationships. Our investment in Hart Aerospace, which plans to produce the world's first electric 19-seat Aircraft, the ES-19, is a large part of that investment in a greener fleet. We have ordered and planned to add 100 ES-19 aircraft to our regional fleet once they become available, which is targeted for 2026. This would make us one of the first network carriers to help decarbonize air travel through the use of electric aircraft. We'll also be able to fly once again to the dozens of cities that we have previously flown to that currently have little or no service. As an example, Farmington, New Mexico, where our corporate company was founded and our former headquarters existed, previously had 40 flights per day serving five destinations. While there is no commercial service today, we believe that these highly efficient aircraft would allow us to reconnect communities like Farmington to the national transportation system. This goes hand in hand with our investment in Archer Aviation with its eVTOL aircraft, which was announced in February of 2021. I'd also like to add that beyond the 100 aircraft that we ordered, our partners at United also ordered 100 aircraft. We think that investing in clean aircraft technology is the right decision. Investing with our partners is a better decision. And creating a better environment for our children and our children's children is the best decision. both as a responsible company and as responsible individuals. With that, I'd like to turn the call over to Brad to provide an update on our operational performance this quarter. Brad?