Mesa has less than 55m in unresticted cash

[Lampshade]

As of March 31, 2008, the Company's cash, cash equivalents, restricted cash and marketable securities were approximately $158.1 million, which includes $102.8 million in restricted cash.

$55 mil in cash as of March 31st probably well below that now due to fuel being up. Cash burn of at least half million a week, got to be in the mid forty mil now.

 

[tyuwerty]

Most contract lift providers do not pay for their own fuel.

 

[Lampshade]

I thought they were running a real airline in Hawaii?

 

[Soverytired]

Most contract lift providers do not pay for their own fuel.

You can be 100% certain those days are coming to an end. Mesa passed up business in the recent past because airlines wouldn't guarantee their fuel costs.

Most of Mesa's contracts are comparatively short term. I don't think they'll function very well if they have to plan on buying their own fuel and planning on how to use it efficiently.

There's no fuel real fuel savings culture there .. . never has, never will be. Taxiing with two engines, non-stop APU use, flying around at max thrust and full speed all the time, gate air/power programs that are 95% unreliable (re: use APU) . . . the list goes on and on. Actual airlines would find Mesa's fuel use OBSCENE, and when they're sending out RFP's, this is going to kill Mesa in the future.

 

[XPOO]

5 posts and no one else has said it already?

MESA SUCKS!

 

[skypine69]

hey you are a dispatcher....you dont get to say....
MESA SUCKS

 

[XPOO]

hey you are a dispatcher....you dont get to say....
MESA SUCKS

I thought we both had to agree to say MESA SUCKS, or otherwise its a no go?

 

[YMICFI]

MESA SUCKS

 

[homerjdispatch]

hey you are a dispatcher....you dont get to say....
MESA SUCKS

Hey... I patented MESA SUCKS!!! like three years ago.

 

[tyuwerty]

I thought they were running a real airline in Hawaii?

You are correct. I was only thinking of the non-branded flying.

oh yeah..... mesa sucks

 

[rickair7777]

You can be 100% certain those days are coming to an end. Mesa passed up business in the recent past because airlines wouldn't guarantee their fuel costs.

Most of Mesa's contracts are comparatively short term. I don't think they'll function very well if they have to plan on buying their own fuel and planning on how to use it efficiently.

There's no fuel real fuel savings culture there .. . never has, never will be. Taxiing with two engines, non-stop APU use, flying around at max thrust and full speed all the time, gate air/power programs that are 95% unreliable (re: use APU) . . . the list goes on and on. Actual airlines would find Mesa's fuel use OBSCENE, and when they're sending out RFP's, this is going to kill Mesa in the future.

Barber Pole, Baby!

Since you're not getting paid block, might as well get in early and have a longer lunch break!

 

[pdub20s]

Barber Pole, Baby!

Since you're not getting paid block, might as well get in early and have a longer lunch break!

Damn Skippy!

 

[dollacrackho]

i was thinking of buying a bunch of mesa stock.
that way if they actually survive and do well again, i've made out well. Or if they tank and I lose all my money I still win because



MESA SUCKS

 

[Soverytired]

Barber Pole, Baby!

Since you're not getting paid block, might as well get in early and have a longer lunch break!

Heh.

"If it's not clack'n, you're slack'n"!

 

[fried chickens]

You can be 100% certain those days are coming to an end. Mesa passed up business in the recent past because airlines wouldn't guarantee their fuel costs.

Most of Mesa's contracts are comparatively short term. I don't think they'll function very well if they have to plan on buying their own fuel and planning on how to use it efficiently.

There's no fuel real fuel savings culture there .. . never has, never will be. Taxiing with two engines, non-stop APU use, flying around at max thrust and full speed all the time, gate air/power programs that are 95% unreliable (re: use APU) . . . the list goes on and on. Actual airlines would find Mesa's fuel use OBSCENE, and when they're sending out RFP's, this is going to kill Mesa in the future.

They have apu's that work?

 

[Soverytired]

They have apu's that work?

Of course.

How else do you think the flight crews keep warm/cool at night on their 3 hour and 59 minute camping trips in the back of the airplane during the wee hours between 0100-0500?


Actually, it's crap like this that should make code share partners s*it bricks.

 

[rickair7777]

Of course.

How else do you think the flight crews keep warm/cool at night on their 3 hour and 59 minute camping trips in the back of the airplane during the wee hours between 0100-0500?


Actually, it's crap like this that should make code share partners s*it bricks.

I always wondered if they realized that APU wear-and-tear and fuel cost more than hotel rooms. Of course they don't pay for the fuel...

 

[B.T.Justice]

$55 mil in cash as of March 31st probably well below that now due to fuel being up. Cash burn of at least half million a week, got to be in the mid forty mil now.

80M of the 102.8M was restricted for the Hawaiian case. They only paid 52.5M, so you can add 27.5M back to unrestricted cash. The call was very strange, Ornstein sounded aggitated, and there really wasn't alot of interest. Out of all the events that have happened to them recently, only 3 analyst asked questions. I guess some analysts have stopped tracking them. Hey you could buy the company for 12M, maybe cheaper once it hits the pink sheets.

 

[Capt10Matt]

Stock price currently 45 cents/share... 52 week low was 42 cents...

Anyone know at what point Mesa becomes a penny stock?

Oh yeah....

MESA SUCKS!!!

 

[PBRstreetgang]

There's no fuel real fuel savings culture there .. . never has, never will be. Taxiing with two engines, non-stop APU use, flying around at max thrust and full speed all the time, gate air/power programs that are 95% unreliable (re: use APU) . . . the list goes on and on. Actual airlines would find Mesa's fuel use OBSCENE, and when they're sending out RFP's, this is going to kill Mesa in the future.

Whatchootalkinboutwills?
I didn't know an RJ would fly while towing a 2000lb apu.I hope the RPF predicates that at all other express carriers shall have multiple GPUs with reinforced cords. Thy taxi with 2 engines because the GPU causes alot of drag.
PBR