Mesa to file bankruptcy

[zawillif]

Stock Still Plummeting

Mesa stock opened today at $.45 a share. Every day it trades down a few cents.

http://www.cnbc.com/id/15837290?q=mesa

Anyone know when their Q1 earnings report comes out? Think we'll have the best idea of where they stand that day or the day after.

 

[time builder]

Of course Mesa was considered a success by the investors.

Newsflash: Airlines are a business. Most of them are OWNED by shareholders. Like all owners, their purpose is to make MONEY. That is the ONLY purpose, the ONLY point, the ONLY definition of a successful business. You'd know that if you ever owned one.

I'm sorry that you think that the purpose of any public corporation is to provide jobs and make employees happy. Some do, and that's all well and good, but it's not their primary function.

Answer: You don't like it? Pick where you work. It's a free country.

Oh . . . Anyone who thinks that Mesa going out of business is going to make one whit of difference to "the industry" or other pilots is just kidding themselves.

90% of the griping about Mesa is by Aloha/Independence guys with revenge fantasies sprinkled with a smattering of regional lift guys who lost some of "their" flying. The guys who admit it might be petty . . . but at least they're hones.

Guys who try to put some "greater meaning" on their avowed wish to see 5000 people out on the street during an economic downturn make me sick.

Soverytired, what can I say? Well, Duh. Of course companies are in it to make money, if you didn't get that from my post, you obviously didn't read it right. My point is that the magazine was in error, and that short term gains while digging yourself into a hole in the long run is not a good business model.

I don't buy into your 90% argument either. I see a lot of ex-Mesa pilots trying to persuade people not to go there, or folks like me who have worked plenty around Mesa but never for them. What they do to their employees, the condition their planes are in, etc, it makes me sick.

I really don't want to see Mesa employees on the street either, rather, I'd like to see something more like Skyway where Skywest offered their pilots jobs in MKE. I don't think Skywest is great, but still one of the better regionals out there.

And yes, I do believe that this industry will be better without Mesa (if they do indeed go under). If nothing else, better companies will get those contracts. What would be better is if investors got the message that having the lowest labor costs among your competitors is a short term gain, and will eventually hurt you when there's a labor shortage.

 

[DeltaLima21]

As a former Air Midwest Pilot, I must admit I was part of the problem. I was naive, and didnt know any better to go there. I had my eye on the one goal that every one has on their mind. It is only through extreme education, and a few slaps upside the head that we can stop people from going to these places...Good Luck to all Mesa Pilots, you all know that its time to move on.