MESA sues DAL-stock tumbling!

[SoberIrishman]

Mesa just filed suit against Delta, and as of Monday afternoon, 3.50pm, their stock is in freefall!

 

[flyf15]

Mesa stock is down more than 50% in the last 5 days. That company is done.

 

[Fltlvls]

That company is done.[/quote]

Source?

 

[SoberIrishman]

http://money.aol.com/news/articles/qp/ap/_a/mesa-air-group-sues-delta-air-lines-over/rfid89917058

 

[flyf15]

That company is done.

Source?[/quote]

Of course, only my own observation/prediction, but companies trading at just over $1/share, loosing 50% of their stock price in 5 days, and having a market share just a mere couple of percent of what their competitors are.... have zero future.

Mesa's market share is 1/36th of Skywest's. Its 1/5th of Pinnacle's. Its even smaller than MAIR's... MAIR doesn't even have a business anymore.

Wall street has recognized this and the investors are all trying to get out while they still can.... better to get some of your money back now than nothing when the company goes out of business.

 

[Fltlvls]

Given they are losing their flying for Delta ,any airline stock would take a dump like that but it doesn't say anything about Mesa filing bankruptcy or going out of business (yet)...will be interesting to see if they lose the 900 flying now over the lawsuit

 

[XJohXJ]

Nevermind.....

 

[outtahere]

One can only hope! For the pilots, get out while you can. Good luck.

 

[Fltlvls]

Nevermind.....

MESA....SORRY I'M TOO SLOW

 

[brokedash]

MAG stock clsd down today @ $1.23/share. There was a slight rally in the last hour and it came up to $1.32/share but tanked in the last 15 minutes of the trading day.

Just under 2 million shares of MAG stock exchanged hands today and the current market cap is at 33 million.

 

[Captain X]

If there was a smart airline CEO out there, they would buy Mesa and liquidate it to remove the 50-seat feed.

 

[XJohXJ]

MESA....SORRY I'M TOO SLOW

Thanks, I figured it was worth trying the obvious.

 

[Soverytired]

If there was a smart airline CEO out there, they would buy Mesa and liquidate it to remove the 50-seat feed.

Please explain how this would work.

Any "purchaser" of Mesa would also be purchasing the contracts that Mesa is obligated to fulfill.

So I'm wondering why a "smart airline CEO" would be interested in purchasing a bunch of unprofitable routes that he'd have to fly with horribly inefficient aircraft. How, exactly, would this improve his bottom line?

Just curious.

 

[WalterSobchak]

If there was a smart airline CEO out there, they would buy Mesa and liquidate it to remove the 50-seat feed.

Reason # 573 why I thank Raptor Jesus everyday that pilots don't run the airline.

 

[Captain X]

Reason # 573 why I thank Raptor Jesus everyday that pilots don't run the airline.

Exact scenario was planned for PCL in 2003 by XJT management except that PCL stock was considered overpriced.

Please explain how this would work.

Any "purchaser" of Mesa would also be purchasing the contracts that Mesa is obligated to fulfill.

So I'm wondering why a "smart airline CEO" would be interested in purchasing a bunch of unprofitable routes that he'd have to fly with horribly inefficient aircraft. How, exactly, would this improve his bottom line?

Just curious.

Airline A (the pruchaser) has underutilized airframes. Purchases Airline B, sells off assets, covers contracts with existing aircraft thereby increasing utilization. Decreases RJ "glut" and increases RASM for "surviving" carrier due to increased utilization and load factor.

Scope issues would be the only real obstacle.

 

[rightseatjocky]

Bye Bye Mesa.

 

[Fltlvls]

Reason # 573 why I thank Raptor Jesus everyday that pilots don't run the airline.

We wouldn't want pilots who see things on a day to day basis and give input on how things should be done to make money and "appear" (actually are )smarter than mangement with their MBAs sitting in their offices and hearing what they want to hear from their little brown nosers that everthing is OK...GEEZZ the airlines might actually make money if pilots ran the airline...anyone know of a CEO that has been a former airline pilot?

 

[Fltlvls]

If there was a smart airline CEO out there, they would buy Mesa and liquidate it to remove the 50-seat feed.

I think they might do that themselves by filing BK just to shed the 50 seaters that Delta dropped...and who knows from there ....stay tuned

 

[johnpeace]

anyone know of a CEO that has been a former airline pilot?

Brad Holt, ASA...16000hrs of RJ time.

 

[Fltlvls]

Brad Holt, ASA...16000hrs of RJ time.

still there ?...just asking cuz i don't know