I feel ill...

[aspire]

Regional carriers also racked up gains. Mesa Air Group (MESA: news, chart, profile) was among them, rising 48 cents to $7.26.

In its quarterly securities filing late Monday, Mesa Air revealed it had signed new employment agreements with CEO Jonathan Ornstein and COO Michael Lotz.

Upon signing the agreements dated March 31, Ornstein received a retention bonus of $1.86 million and Lotz was rewarded with $1.485 million.

Mesa Air also entered into seven-year consulting arrangements with both executives that become effective when they leave the company "for any reason."

Ornstein's agreement will pay him $200,000 per year, and Lotz, $150,000 per year.

Earlier this month, Mesa Air completed a restatement of fiscal years 2001 through 2003 and the first quarter of 2004. The adjustments were made to reflect depreciation on some of its aircraft that were acquired with manufacturer-provided interim financing.

The restatements lowered Mesa's per-share earnings to 76 cents from 83 cents in 2003, widened its loss to 34 cents from 28 cents in 2002, and left its loss unchanged in 2001, at $1.50.


Don't work for Mesa, and I don't really know anyone over there, but it still makes me sick to read this CR*A*P!
-aspire

 

[miles otoole]

Why so bitter? He's a business man-a successful one at that. They are growing like a weed. His (any CEO's) primary fiduciary responsibility is to the shareholders-and it looks as though he's driving the stock price up.
Do you as a pilot feel like you deserve some of his bonus? Like it or not this is America-not Cuba (or Canada-God forbid.)

 

[mckpickle]

AHAHAHAHAHAHA


Wow remember all those lines JO gave you guys about not being able to pay you.

Jerkoffs

 

[CitationLover]

mcpickle,

i see you forgot to take your medication again.

 

[ChinaClipper]

McPickle is right on this on......

in this case, JO means something other than John Ornstein, if ya know what I mean. 1 Million is for making Mesa's MEC look like a bunch of dimwits IN PUBLIC. Mesa's pilots fell for the ultimate "pull my finger"..... Andy Hughes and all the other clowns should have stepped down a long time ago. Y'all got rolled, just like I, and many others predicted, especially on the Yahoo board. Although I am gone, I still can't belive JO shined you a$$es SO EASILY.......I really hate that shyster.........thanks for making him richer, Mesa's poorly led pilot group BTW Vote for Angelo for ANYTHING!!!!!!

 

[belchfire]

There are reasons that JLO was thrown
off wall street, and that Indy Air fought
him off

 

[FSB99]

gawdang....
never thought i'd agree with the Mr. China Clipper.........

oh well. he's right, though!

 

[sstearns2]

JO has a fiduciary responsibility to the share holders, but fiduciary responsibility does not include willfully, knowingly, and repeatedly breeching Mesa's labor contracts. A good business person is one who is able to have a sucessful business and at the same time treat the empolyees with respect. JO is doing well with the first part for the time being, but is failing the second part. He's a poor businessman.

Scott

 

[CitationLover]

duh, no pilot from mesa thinks jo is their friend.

hindsight is always 20/20 on these deals and as I can see, McPickle should be CoEx's MEC chairman as he is all knowing. You guys better "hold the line" from all your bragging and assuredness and get Comair + 12% (inflation since Comair's contract).

the problem is w/ ALPA in a lot of respects. when you have an apathetic pilot group, the union is to blame for not motivating the troops. Andy Hughes should have been held accountable, yet most (although there is a recall petition going around) decided he should stay here.

 

[DirkkDiggler]

As a pilot for another airline in direct competition, I can't be thrilled with Jonothan Ornstein's business decisions. However, I am able to take a step back from everything and I can say with every confidence that his is doing a great job at what he was hired to do. Whether we like it or not, he is an awesome CEO. He was able to get the employees at Mesa to sucumb to his demands and he has fullfilled his obligations as a CEO, to raise the stock price and expand the business for future profits. Everyone may hate him as the destructor of regional airlines, but put yourselves in his shoes. Would you have done anything differently over the past two years. If you can honestly put yourself in his shoes and make different decisions that fit still put Mesa Airlines in its current position, then the answer is no!

 

[Anais Nin]

McPickle should be CoEx's MEC chairman as he is all knowing. You guys better "hold the line" from all your bragging and assuredness and get Comair + 12% (inflation since Comair's contract).

Continental Express assuredly wont get anything close to that, and when that happens mckpickle and his subpar airline can be the new whipping boys on this forum

 

[PFTEXPJET]

Jetlink peni$ envy

Anais Nin,
We will get Comair +10%. I can't stand you USAir WO punks that have caved, so what if Mesa and Chili Taco are flying for free, you are a professional pilot and should hold the line. At least you guys have always told us you are professional pilots. That pathetic LOA you have accepted is pre 90's. Thanks for cutting my pay!

 

[Anais Nin]

Re: Jetlink peni$ envy

Anais Nin,
We will get Comair +10%. I can't stand you USAir WO punks that have caved, so what if Mesa and Chili Taco are flying for free, you are a professional pilot and should hold the line. At least you guys have always told us you are professional pilots. That pathetic LOA you have accepted is pre 90's. Thanks for cutting my pay!

Whoa there boy, what the hell are you talking about?!? "USAir WO," "Mesa," "Chili Taco"????? Neither of those two airlines are WO of USAir. And I no longer work in the airline industry. I went corporate after working at CoEx for three years and being miserable! I'm just sick of mckpickle's yap going incessantly. You dont sound too much different. Seriously, you guys embarrass XJet. Can you please stop whining?

 

[Cows Go Moo]

Re: Re: Jetlink peni$ envy

Whoa there boy, what the hell are you talking about?!? "USAir WO," "Mesa," "Chili Taco"????? Neither of those two airlines are WO of USAir. And I no longer work in the airline industry. I went corporate after working at CoEx for three years and being miserable! I'm just sick of mckpickle's yap going incessantly. You dont sound too much different. Seriously, you guys embarrass XJet. Can you please stop whining?

Word. Especially that part about PFTEXPJET trying to develop an intelligent and informed (hah!) statement regarding the independent regionals affiliated with Airways.

 

[I.P. Freley]

Errr... Read his/her post again, I don't think it suggests that CHQ or Mesa are WO'd. I read it to say "so what if CHQ and Mesa are working for free, that's no reason for the WO'd carriers to cave, too"... Just flipped it around there to make it a little more clear. I believe it's supposed to refer to the pay concessions taken by the USAir WO'd carriers.

Either way, it's still a stupid post. I'm not sure how it is that this individual can claim that they'll get Comair + 10%, and then bemoan how the collective "you" are "cutting (their) pay". Which is it, an industry-leading pay scale or cutting your pay? Can't be both.

I also love the highbrow wit it takes to come up with a *ZINGA!* like "chili taco". How original.

 

[Anais Nin]

Right! I'm sure CHQ is hardly offended by being called "chili taco." It probably just makes them feel the rest of us do when we hear that........hungry!
I still insist that those same five Coex kids on this board are the biggest whiners I've ever seen!
Go focus on your contract talks and stop embarrassing yourselves.

 

[Cows Go Moo]

Yeah, I.P. I see what you're saying. I think I was thrown by the creative punctuation and run-on sentence.

 

[I.P. Freley]

I hear ya. I wonder if that individual would make it through EJ's current "read a cabin announcement over the phone before we invite you for an interview" test if forced to.

 

[bogberto]

Andy Hughes should have been held accountable, yet most (although there is a recall petition going around) decided he should stay here.

Actually the pilot group didn't have a say. The MEC elections were kept on the dl. No-one was allowed to discuss candidates on the ALPA board, and with 5 RJ bases, 30 Beech bases, and 1 Dash-only base, talking amongst ourselves didn't do any good because no-one knew anything. Hopefully this recall will improve things around here; it's already made a certain 2 or 3 people quite nervous.