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Earnings Per Share and Equity (Tables)
6 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Calculations of Net Income Per Common Share

Calculations of net income per common share attributable to Mesa Air Group were as follows (in thousands, except per share data):

 

 

 

Three Months Ended March 31,

 

 

Six Months Ended March 31,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net income attributable to Mesa Air Group

 

$

5,689

 

 

$

1,885

 

 

$

19,807

 

 

$

12,670

 

Basic weighted average common shares outstanding

 

 

35,628

 

 

 

35,141

 

 

 

35,579

 

 

 

35,082

 

Add: Incremental shares for:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive share adjustment - UST Warrant

 

 

3,038

 

 

 

 

 

 

2,183

 

 

 

138

 

Dilutive share adjustment - Restricted Shares

 

 

766

 

 

 

124

 

 

 

620

 

 

 

 

Diluted weighted average common shares outstanding

 

 

39,432

 

 

 

35,265

 

 

 

38,382

 

 

 

35,220

 

Net income per common share attributable to  Mesa Air Group:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.16

 

 

$

0.05

 

 

$

0.56

 

 

$

0.36

 

Diluted

 

$

0.14

 

 

$

0.05

 

 

$

0.52

 

 

$

0.36