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Earnings Per Share (Tables)
12 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Calculations of Net (Loss) Income Per Common Share

Calculations of net (loss) income per common share were as follows (in thousands, except per share data):

 

 

 

Year Ended September 30,

 

 

 

2023

 

 

2022

 

 

2021

 

Net (loss)/income

 

$

(120,116

)

 

$

(182,678

)

 

$

16,588

 

Basic weighted average common
   shares outstanding

 

 

39,465

 

 

 

36,133

 

 

 

35,713

 

Add: Incremental shares for:

 

 

 

 

 

 

 

 

 

Dilutive effect of warrants

 

 

 

 

 

 

 

 

2,543

 

Dilutive effect of restricted stock

 

 

 

 

 

 

 

 

587

 

Diluted weighted average common
   shares outstanding

 

 

39,465

 

 

 

36,133

 

 

 

38,843

 

Net (loss)/income per common share
   attributable to Mesa Air Group:

 

 

 

 

 

 

 

 

 

Basic

 

$

(3.04

)

 

$

(5.06

)

 

$

0.46

 

Diluted

 

$

(3.04

)

 

$

(5.06

)

 

$

0.43

 

Number of Weighted-Average Potentially Dilutive Shares Excluded from Calculation of Diluted Net (Loss) Income Per Share

The following number of weighted-average potentially dilutive shares (in thousands) were excluded from the calculation of diluted net (loss) income per share because the effect of including such potentially dilutive shares would have been anti-dilutive:

 

 

Year Ended September 30,

 

 

 

2023

 

 

2022

 

 

2021

 

Warrants

 

 

 

 

 

758

 

 

 

 

Restricted stock

 

 

 

 

 

106

 

 

 

 

 

 

 

 

 

864