Mesa files ch11 bankruptcy

[rumorhasit]

I personally think the fat lady has requested hot tea with lemon and is warming up the pipes!!!! unfortunately someone will slide into their niche flying as the lowest bidder. I think it is sad that the Hawaii ops that actually is loosing money is not included in this!! Seems like JO the duche is going to ride that sinking ship to the bottom!!!!

 

[WhendoIgetpaid]

I would never wish the crews ill but as far as that company goes....see ya

 

[SPDBRD747400]

Now this is what DL has been waiting for, how long until the press release on DLnet with the contract being cancelled with Mesa? I would expect US and UA to follow quickly.

 

[DashCojones]

Fvck Mesa.

 

[makersmarc]

Mesa sucked

 

[Skippy]

thier stock was near .12 for a year- wtf did you expect?

 

[freightrash]

Mesa sucked

past tense already??

 

[get2flyin]

Mesa does sux, but it was one of the few non PFT airlines back in the days when the majors were hiring. Many pilots that went to Mesa paid their dues. Most airlines were PFT. Comair, ASA, Express Jet, ACA just to name a few.

The real airline that suxs is REPUBLIC. These guys are taking away many jobs and enjoying quick upgrades at the expense of many seasoned pilots.

Republic and Bedford sux 10 times more then MESA.

M

MCDU! Again I agree with you completely. Quick, say something bad about AWA before people start to think we're friends.

 

[NuGuy]

With Fee for departure contracts finding their demise in the industry the shared risk operation will be soon to replace those beneficial contracts that enabled Mesa and other regionals to be very financially successful. The future will demand more shared risk from regionals and that will require a large working capital. Currently there are only 2-3 regionals positioned with large cash reserves to operate a shared risk operation. For this reason I do not see Mesa as having a large force in the regional market as in years past. I doubt they will liquidate into CH.7 but will likely become a small niche market operator. What is good about the filing is is shows the importance of quality management and that market balance will erode even the cheapest product when the quality suffers so substantially.

Brick has an excellent point here. Back when fuel was cheap, and mama was footing the bill whether you flew 1 or 50 (well, 42/no bags with weight restrictions) it was easy to make money. Thow in 0 percent financing from Canada or Brazil for jets, and it's no wonder the weeds got out of control.

Throw in the ancillary costs of piss poor customer service, stranded pax and bag delivery and loss of good will, and you can see why some majors want out, and places like SWA don't want in. Even AirTran wants to keep arms length from their new deal.

The sad fact is that with oil at $70 and without an allowance or free fuel from mama, there is no way to make money with an RJ, and it's damn hard to make it with a 1900 or a Saab.

To make any money, the regional market should be what the commuter market always was: 402s and Twotters, and maybe the occasional BE99. You HAVE to have a niche where people have no other option...like Nantucket, Alaska or some scorpion infested hole in west Texas.

The "new market realities" simply don't support regionals at their current size. There is going to be a major re-wind, and when the new flight/duty regs hit, it's only going to accelerate, because hiring crews costs real money.

The has never been a reliable way to make money in the commuter biz, unless you're on the government teat.

Nu

 

[Metro752]

Mesa Sucks?

 

[pdub20s]

Now this is what DL has been waiting for, how long until the press release on DLnet with the contract being cancelled with Mesa?

A BK judge would quickly put a hautl to that..

 

[ACL65PILOT]

Just hope that in 1113C that the pilots do not agree to a deplorable contract. That will not be good for any of us.

 

[ePilot22]

Brick has an excellent point here. Back when fuel was cheap, and mama was footing the bill whether you flew 1 or 50 (well, 42/no bags with weight restrictions) it was easy to make money. Thow in 0 percent financing from Canada or Brazil for jets, and it's no wonder the weeds got out of control.

Throw in the ancillary costs of piss poor customer service, stranded pax and bag delivery and loss of good will, and you can see why some majors want out, and places like SWA don't want in. Even AirTran wants to keep arms length from their new deal.

The sad fact is that with oil at $70 and without an allowance or free fuel from mama, there is no way to make money with an RJ, and it's damn hard to make it with a 1900 or a Saab.

To make any money, the regional market should be what the commuter market always was: 402s and Twotters, and maybe the occasional BE99. You HAVE to have a niche where people have no other option...like Nantucket, Alaska or some scorpion infested hole in west Texas.

The "new market realities" simply don't support regionals at their current size. There is going to be a major re-wind, and when the new flight/duty regs hit, it's only going to accelerate, because hiring crews costs real money.

The has never been a reliable way to make money in the commuter biz, unless you're on the government teat.

Nu

Sorry Nu, I'm going to respectfully disagree with you here.

What you are saying isn't anything that hasn't already been said. And that's just it: Words. No action.

I'll believe my company is getting CRJ1000s or EMB190s when they are painted and parked at a jetbridge. I'll also believe we are losing aircraft when they are no longer flying the line.

Until then it's all talk.






eP.

 

[grog_sit_reserv]

I'm pretty sure a contract can be imposed by the judge, n'est-ce pas?

 

[olympus593]

A BK judge would quickly put a hautl to that..

Is the judge going to force DL/US/UA to extend contracts that are about to expire? Don't think so. If I was you I would be more worried about what the judge going to do to your already piss poor contract.

Mesa Sucked.

 

[SkyNation]

JO: We're Ch. 11

USAIR, DAL, UAL: Sweet, we were looking to get rid of your sorry ass, anyway. Contracts, CXd!

JO: Hey Mr. BK Judge, these dudes are trying to CX our contracts! If you allow that, you'll put the hurt on us even more, causing our downward spiral to accelerate, costing tons of people their jobs.

BK Judge: Hmm, guess so. Sorry, USAIR, DAL and UAL.

 

[spitfire1500]

WAAAAAAAAAAAAAAA HAHAHA


HAHA

Johnny took your PBS

THEN FILED BK!

LOL:!::!:!:!!!!


MESA SUCKKKKKKKKKKKKKKS

Took their PBS and block or better!! Laugh it up...unless they go chapter 7 this is just lowering the bar more at the regionals! Now everyone will be competing with a leaner more streamlined Mesa!

 

[spitfire1500]

Just hope that in 1113C that the pilots do not agree to a deplorable contract. That will not be good for any of us.

Supply and Demand..there are thousands not working..so you know JO is gonna give em one in the shorts and they are going to take it.

 

[topdawg]

MESA pilots have been fcking this industry for long enough! Payback is going to be sweet!

 

[Metro752]

Quote from elsewhere.

All of the facts above can be seen on the Mesa Airlines website under, financial information.

http://phx.corporate-ir.net/phoenix....-reportsAnnual

1. Direct quote from the 2008 annual report:

Airways:
"The code-share agreement is subject to termination prior to that date in various circumstances including: If either US Airways or we become insolvent, file for bankruptcy or fail to pay our debts as they become due, the non-defaulting party may terminate the agreement;"

UA:
The code-share agreement is subject to termination prior to these dates under various circumstances including: If either United or we become insolvent, file bankruptcy or fail to pay debts when due, the non-defaulting party may terminate the agreement;"

DL:
The agreements may be subject to early termination under various circumstances including: If either Delta or we file for bankruptcy, reorganization or similar action or if either Delta or we make an assignment for the benefit of creditors;"


2. From the 2008 annual report:
-200: 2 owned, 50 leased; total: 52.
-700: 8 owned, 12 leased; total: 20.
-900: 14 owned, 31 leased; total: 45.

All Dash-8s and ERJs are leased.