As you would expect, the continued market obsession with the price of oil has airline stocks on the run — again.

Yes, folks, this is pretty serious stuff.

A look at the usual suspects today shows an average decline of 2%-3% being posted by most of them, although one airline stock is really taking a beating.

Shares of Mesa Air Group were down more than 7% the last time I looked, a drop which has brought the shares down to $2.78.

Seems that the folks on Wall Street were not impressed by the airline’s press release today, which announced a number of management moves, along with the announcement that it had named Jorn Bates as COO of the airline.

Bates is an ex-Delta guy — who was brought over to Mesa last January.

All of the moves announced by the airline were internal shuffles. No big changes here. Or as one person said to me today, beating me to the obvious, “This look a little like a re-arranging of the deck chairs.”

Last five days of trading in Mesa Air Group stock:

Ticker: (Nasdaq:Mesa)