alpine1989
Well-known member
- Joined
- Dec 27, 2005
- Posts
- 102
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1) Mesa Reports 3Q Loss
2) Mesa to sell Kunpeng stake
3) Paul Foley named COO
4) Pinnacle to fly Freedom CRJ-900s for Delta
5) Shutuplic to Hawaii
6) Admin/Support layoffs
none of these point to BK..
We would go BK if:
1) We lost the injunction (Not likely)
2) cant pay the bonds due in Feb.
(trading right now 34 cents to the dollar due to the economy)
We are not headed there yet, and no filings have been made. There is some wiggle room when It comes to paying off bonds. A new TA might make it to the pilot group soon..
I think Mesa's been positioning for Chapter 11 pretty much its entire existence, so nothing new there.
My fear is that they will go Ch 11, restructure, pilots will take further cuts, further lowering the bar, and giving them better ability to low ball. Bankruptcy could be bad for all of us, be careful what you wish for.