After a disastrous year that saw its stock plummet 91%, Mesa Air Group is trying to convince bondholders and other investors that things are looking up. "We believe (we) will be cash-flow positive next year, and we believe we will be profitable as well," CEO Jonathan Ornstein said in an earnings call last week, when he also announced that the company shaved its net loss by nearly two-thirds. Ornstein said 96% of Mesa's fleet is under contract, and that its Hawaiian unit is growing. Analysts, however, say it remains to be seen whether Mesa will share in this year's expected turnaround for the U.S. airline industry.
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