Is this the beginning of the end for Mesa?

[OK Bud!]

May Wednesday, May 14th hold a special place in

your heart.

http://biz.yahoo.com/prnews/080514/law030.html?.v=101

 

[BoilerUP]

Linky no worky, Jen...

 

[viper548]

stock down below .65 today

 

[Dizel8]

Linky worky:
PHOENIX, May 14 /PRNewswire-FirstCall/ -- Air Midwest, Inc., a wholly owned subsidiary of Mesa Air Group, Inc. (Nasdaq: MESA - News) today announced that it will discontinue all operations including its current scheduled services provided under the Essential Air Service (EAS) program. This announcement follows the company's January 15, 2008 announcement of the decision to discontinue Air Midwest's operations. The company cites record-high fuel prices, insufficient demand and a difficult operating environment as the main factors in its decision.

 

[OK Bud!]

http://biz.yahoo.com/prnews/080514/law030.html?.v=101

try this one

 

[knewhigher]

This has been rumored for a long time. It was a money loser anyway...

 

[Pilot124]

Leave it up to JO run a company into the ground after 43 years. What a loser!!!!

 

[LowlyPropCapt]

Is there even any companies left that will want to pick up EAS flying?

I can't think of one... High oil may accomplish what congress for years has failed at: Killing EAS.

Best of luck to the AMW pilots. They were a dependable ride to work for me from RDU to ORF for a few years.

 

[sqwkvfr]

JO is probably gonna be like Steinbrenner on Seinfeld scalping tickets to the owner's box for $40.

I wonder who'll buy the cert and what kinda deal they'll get?

 

[Pilot124]

Ironically their stock right now is 666..
MESA AIR GR INC

(NasdaqGS: MESA)

Last Trade:0.666Trade Time:12:05PM ETChange:

0.0682 (9.28%)Prev Close:0.735Open:0.72Bid:0.6601 x 300Ask:0.6678 x 10001y Target Est:6.00Day's Range:0.6099 - 0.767552wk Range:0.44 - 7.25Volume:1,450,757Avg Vol (3m):1,025,700Market Cap:17.92MP/E (ttm):N/AEPS (ttm):-3.186Div & Yield:N/A (N/A)
Quotes delayed, except where indicated otherwise. For consolidated real-time quotes (incl. pre/post market data), sign up for a free trial of Real-time Quotes.

 

[Metro752]

Island Air I believe is picking up a good amount of EAS flying.

 

[flyboy006]

Mesa going down one day at a time.. Too bad... should be JO going out one day at a time rather I'll venture to say Mesa will be either gone or most of it gone by the end of the year if its run by the same fool..

 

[Gear Down]

Let's see........

Mesa over the years has killed it's own family of WestAir, CCAir, Crown Airways, and now Air Midwest.

Next up to roll over... the mother ship of all .... Mesa!!

 

[Turtlesfly]

Let's see........

Mesa over the years has killed it's own family of WestAir, CCAir, Crown Airways, and now Air Midwest.

Next up to roll over... the mother ship of all .... Mesa!!

Who was crown airways? And remind us how CCAir met their demise? Sorry

 

[wscrj]

CCAir was merged into the MAG list.

 

[SPDBRD747400]

Mesa Sucks!

 

[lowlycfi]

Who was crown airways? And remind us how CCAir met their demise? Sorry

I believe Crown started as Allegheny Commuter (S330 days) and eventually became Crown (B1900). Flew up in the northeast for USAir out of PIT before a lot of posters on this board were even born. My sim instructor at Mesa was a Crown guy. Top notch instructor and a real class act. I'll never forget him.

 

[propsarebest]

Let's see........

Mesa over the years has killed it's own family of WestAir, CCAir, Crown Airways, and now Air Midwest.

Next up to roll over... the mother ship of all .... Mesa!!

Don't forget Florida Gulf...

 

[OK Bud!]

Posted on Yahoo Finance around 7:00. I just can't believe it.

http://biz.yahoo.com/prnews/080514/law100.html?.v=101

 

[CFI2766]

Posted on Yahoo Finance around 7:00. I just can't believe it.

http://biz.yahoo.com/prnews/080514/law100.html?.v=101

Mmmmm, 'kay.

1. Does this mean that they now have enough cash to continue operations?

2. Who in their right mind would buy additional shares of mesa?