Mesa Air Group Senior Management Salary Reduction

1st Oct 2004

Mesa Air Group, Inc. announced
today that its senior management will reduce their salaries by 23%,
adjusted proportionately for its US Airways code share revenues and credit
such savings to US Airways in support of its restructuring efforts. In
addition, Mesa will ask its US Airways Express employees, on a voluntary
basis, to agree to a deferral of up to 23% of their salaries. All
deferrals will be credited to US Airways and repaid upon US Airways
emergence from bankruptcy. In addition, at such time any employee who
elects to participate will also receive a bonus equal to 20% of their
deferral. “We strongly support the efforts being made by US Airways to return to
long-term profitability,” said Jonathan Ornstein, Mesa Air Group’s
Chairman and Chief Executive Officer. “In addition, we very much
appreciate the sacrifices being made by all US Airways’ employees to help
their company and we intend to stand shoulder to shoulder with them during
this difficult period.”

Mesa, with projected 2005 revenues in excess of $1 billion, currently
operates 180 aircraft with over 1,000 daily system departures to 181
cities, 41 states, the District of Columbia, Canada, Mexico and the
Bahamas. It operates in the West and Midwest as America West Express; the
Midwest and East as US Airways Express; in West and Midwest as United
Express; in Kansas City with Midwest Airlines and in New Mexico and Texas
as Mesa Airlines. The Company, which was founded in New Mexico in 1980,
has approximately 4,400 employees. Mesa is a member of Regional Aviation
Partners and the Regional Aviation Association.


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