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I don't know who's financial reports you have been reading but you are most incorrect to say that GO and Aloha have been losing 20-24 million a quarter. I bet it would be hard work for GO to lose that much money flying 4-5 CRJ's around. Though their losses have never been fully disclosed, I am sure they are less than 2 million. Now for Aloha, thats another story, there losses last quarter were amazing to say the least. The two Hawaiian competitors are really behind the eight ball. Not to say that GO is right, but the free market competition may just say Aloha to Aloha.
You are correct. I believe Mesa has always claimed that GO! was only 3% of it's entire operation. However Mesa as a whole lost 24 mil last quarter and is expecting greater losses this quarter.