MONKEY
Well-known member
- Joined
- Nov 27, 2002
- Posts
- 150
Here is my Mesa prediction.
Mesa has been losing money each quarter for about a year.
Mesa has about $180 million dollars on hand. $90 million of that is restricted and will be paid to Hawaiian Airlines after Mesa’s appeal fails. Once the Aloha lawsuit goes through they will have no more cash.
Without cash on hand they will no longer be able to finance aircraft.
Bankruptcy will not help them. If they try to negotiate lower lease rates, stronger regionals such as SkyWest and Chataqua will bid on the assets that they want. These stronger airlines will take all the larger aircraft leaving Mesa with the smaller 50 seat aircraft.
Because they will lose so much flying they will be able to go in a plunder the pilot contracts knowing that many of the pilots will quit, but with the reduced flying they will not need as many pilots. Pilots will vote to strike, but they will be unable to strike quick enough to stop the transfer of aircraft to the China operation.
Mesa will lose the US Airways contract do to the loss of aircraft and crews. They will be reduced to their Chinese operation.
Now it’s your turn for Mesa predictions. What do you think the future holds for them?
Mesa has been losing money each quarter for about a year.
Mesa has about $180 million dollars on hand. $90 million of that is restricted and will be paid to Hawaiian Airlines after Mesa’s appeal fails. Once the Aloha lawsuit goes through they will have no more cash.
Without cash on hand they will no longer be able to finance aircraft.
Bankruptcy will not help them. If they try to negotiate lower lease rates, stronger regionals such as SkyWest and Chataqua will bid on the assets that they want. These stronger airlines will take all the larger aircraft leaving Mesa with the smaller 50 seat aircraft.
Because they will lose so much flying they will be able to go in a plunder the pilot contracts knowing that many of the pilots will quit, but with the reduced flying they will not need as many pilots. Pilots will vote to strike, but they will be unable to strike quick enough to stop the transfer of aircraft to the China operation.
Mesa will lose the US Airways contract do to the loss of aircraft and crews. They will be reduced to their Chinese operation.
Now it’s your turn for Mesa predictions. What do you think the future holds for them?