Mesa has less than 55m in unresticted cash

[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

 

[CFI2766]

Okay,

This seems to be news that the demise of Mesa isn't as close as we thought.

Anyone have any predictions/guesses as to when they might go into BK?

 

[Soverytired]

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

That would be quite droll had I typed "GPU" instead of "APU".

Sadly, I didn't. I never type errors, dorn't ewe no?

 

[PBRstreetgang]

That would be quite droll had I typed "GPU" instead of "APU".

Sadly, I didn't. I never type errors, dorn't ewe no?

Psssst...
I was makin' fun of messa's APU deferral program, and ensuing GPU useage!
PBR

 

[topdawg]

Okay,

This seems to be news that the demise of Mesa isn't as close as we thought.

Anyone have any predictions/guesses as to when they might go into BK?

Their only bailout this QTR was the $52 million Hawaiian settlement. They already bonded $90 million so they got $38 million back. They posted a $9 million profit so that really gave them a $29 million loss. The settlement was their only saving grace, so when next QTR's numbers come out expect huge losses followed by Chapter 11, then shortly after Chapter 7.

 

[redflyer65]

I especially liked when they asked him how much cash was on hand. He said he wouldn't answer that question and kind of laughed.

Nice.