Mesa Air Group Announces New Low Fares for Hawaiian Service

PHOENIX, Oct. 31 /PRNewswire-FirstCall/ — Mesa Air Group, Inc. (NASDAQ:MESA) announced today its proposed local fare structure for its upcoming inter-island service. Mesa’s Hawaiian operations will be conducted using state of the art new generation regional jets in low cost, high frequency service, connecting the islands of Hawaii with service to the Hilo, Honolulu, Kona, Lihue and Maui (Kahului) markets. The aircraft will be incremental to Mesa’s current fleet of 181 aircraft.

The fares are currently planned to be offered on a one way basis requiring no minimum stays or advance purchase. The fares below do not include any applicable security charges, segment fees or passenger facility fees.

Proposed Mesa Inter-Island Fares:

Market: Honolulu to Hilo Market: Honolulu to Kahului
Class One way Fare Roundtrip Fare Class One way Fare Roundtrip
Fare
Y $85.50 $171.00 Y $85.50 $171.00
B $75.50 $150.00 B $69.50 $139.00
Q $71.00 $142.00 Q $68.50 $137.00
L $62.50 $125.00 L $56.00 $112.00
H $46.50 $93.00 H $43.00 $86.00

Market: Honolulu to Kona Market: Honolulu to Lihue
Class One way Fare Roundtrip Fare Class One way Fare Roundtrip
Fare
Y $85.50 $171.00 Y $85.50 $171.00
B $75.50 $150.00 B $69.50 $139.00
Q $71.00 $142.00 Q $68.50 $137.00
L $62.50 $125.00 L $56.00 $112.00
H $46.50 $93.00 H $43.00 $86.00

“We are pleased to announce our new fare structure for our inter-island Hawaiian service. We believe our combination of modern, environmentally friendly aircraft; the latest customer service technology; a committed and unified workforce, and these new low fares will be strongly supported by the Hawaiian market,” said Jonathan Ornstein, Mesa Air Group’s Chairman and Chief Executive Officer.

Mickey Bowman, Vice President of Scheduling and Planning for the inter-island operation commented, “Without having to subsidize unprofitable trans-Pacific service on the shoulders of the inter-island passengers, Mesa can offer very attractive fares to our Hawaiian customers. As a low cost, financially strong company, profitable for 27 of the last 28 consecutive quarters on a pro forma basis, we believe we are in a unique position to offer

these great low fares. We look forward to introducing our new service in 2006.”

Mesa currently operates 181 aircraft with over 1,100 daily system departures to over 170 cities, 44 states, the District of Columbia, Canada, and Mexico. Mesa operates as America West Express, Delta Connection, US Airways Express and United Express under contractual agreements with America West, Delta Air Lines, US Airways and United Airlines, respectively, and independently as Mesa Airlines. The Company, founded by Larry and Janie Risley in New Mexico in 1982, has approximately 5,000 employees. Mesa is a member of the Regional Airline Association and Regional Aviation Partners. The Company was named 2005 Regional Airline of the Year by Air Transport World Magazine.

This press release contains various forward-looking statements that are based on management’s beliefs, as well as assumptions made by and information currently available to management. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, projected or expected. The Company does not intend to update these forward-looking statements prior to its next filing with the Securities and Exchange Commission.

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