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Earnings Per Share and Equity (Tables)
9 Months Ended
Jun. 30, 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 June 30,

 

 

Nine Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net income attributable to Mesa Air Group

 

$

4,276

 

 

$

3,419

 

 

$

24,083

 

 

$

16,089

 

Basic weighted average common shares outstanding

 

 

35,769

 

 

 

35,299

 

 

 

35,642

 

 

 

35,154

 

Add: Incremental shares for:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive share adjustment - UST warrant

 

 

3,084

 

 

 

 

 

 

2,536

 

 

 

 

Dilutive share adjustment - restricted shares

 

 

660

 

 

 

 

 

 

633

 

 

 

94

 

Diluted weighted average common shares outstanding

 

 

39,513

 

 

 

35,299

 

 

 

38,811

 

 

 

35,248

 

Net income per common share attributable to Mesa Air Group:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.12

 

 

$

0.10

 

 

$

0.68

 

 

$

0.46

 

Diluted

 

$

0.11

 

 

$

0.10

 

 

$

0.62

 

 

$

0.46