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Go! slips into the red amid Mokulele competition

inflightboi175

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Associated Press2:57 PM CDT, May 12, 2009 HONOLULU - Interisland carrier go! airlines has slipped back into the red amid more competition from Republic and Mokulele airlines.

Phoenix-based Mesa Air Group says its nearly 3-year-old Hawaii airline suffered a $2.1 million operating loss in the January to March period.

The loss came after the airline posted its first-ever operating profit in the previous quarter.

Mesa chief executive officer Jonathan Ornstein says the company has faced additional competition as a result of Republic Airways' entry into the Hawaii market.



In November, Indianapolis-based Republic and Kona-based Mokulele launched a new, low-fare interisland service using 70-seat Embraer 170 aircraft operated by Republic.
 

inflightboi175

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HONOLULU (AP) — Republic Airlines says it has invested an additional $2 million in its partner Mokulele Airlines.
The Indianapolis-based Republic says it believes Mokulele is making progress in becoming Hawaii's No. 2 interisland carrier.
Republic was required to invest the $2 million under a recapitalization agreement reached in March. It had Republic become a 50% shareholder as it took over Mokulele's operations.
In a conference call Tuesday, Republic disclosed it has now invested $13 million in Mokulele since the carriers teamed up in October. Republic's net investment is $11 million because of a $2 million deposit it holds from Mokulele.
Bryan Bedford is Republic's chairman, president and chief executive. He says Republic is fully committed to Mokulele.
 

MCOE175

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asdfjkl
 
Last edited:

F/O

Smells like....
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JO's drowning.....now stick a hose in his mouth...
 

SPDBRD747400

World's Favourite Airline
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mucho
Mesa Sucks!
 

MCOE175

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If go lost $2 million I would love to see how much Mokulele lost....


There is no way to tell. Mokulele was reported in the financials for RP... But RP is still making money... Is MESA?
 

JumpersAway

Cruise Bores Me.......
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I truly hate to see airlines go out of business because of the impact it has on the employees. Given the joke of a contract that was just approved, I'll hold special exception for Mesa.

I'm truly looking foward to the day the national airspace system rids itself clean of anything that flies with ties to the crappiest management/labor team ever devised.

As has been said before, "Everytime a crap airline goes out of business, an angel gets it's wings": )
 
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