Mesa's a mess

~~~^~~~

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Despite Mesa making a profit on Delta paying them not to fly and the sale of their airplanes, Mesa managed to lose 7.4 on 18 million in revenues in one quarter on 6 CRJ200's operating in Hawaii.

Mesa's management has a "zero tolerance policy that can result in dismissal" when their employees leave a door open for the TSA to find, but is tolerant of the fact they have no way to pay their debt obligations due before the First Qtr. of 09.

Hey, they say Hawaii's looking up. At $4.12 a gallon, they had better hope the only alternative to their CRJ200 is a pump boat. http://www.youtube.com/watch?v=AepyGm9Me6w

Only two analysts had questions, I'm guessing the other had to take an important call about ordering Blimpie's for lunch, or put his phone on mute to muffle the laughter in response to Ornstien's tapdance.

http://seekingalpha.com/article/91689-mesa-air-group-inc-f3q08-qtr-end-06-30-08-earnings-call-transcript?source=yahoo&page=1

Just so I can be the first on this thread, Mesa sucks!

I think the other significant challenge that we face, I think most of you know particularly in the finance community, because we have a large amount of debt coming due in early part of next year and we continue to look at way to solve that rather complex issue. There are number of things that we done, the last time we had some of the bonds come due, we were able to roll them for a short period of time.
Clearly, the company does not have the money to pay those bonds, so we will have to be creative, but again we thing that it everyone’s interest income to a reasonable solution,
 
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USCtrojan

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Despite Mesa making a profit on Delta paying them not to fly and the sale of their airplanes, Mesa managed to lose 7.4 million in one quarter on 6 CRJ200's operating in Hawaii.

Mesa's management has a "zero tolerance policy that can result in dismissal" when their employees leave a door open for the TSA to find, but is tolerant of the fact they have no way to pay their debt obligations due before the First Qtr. of 09.

Hey, they say Hawaii's looking up. At $4.12 a gallon, they had better hope the only alternative to their CRJ200 is a pump boat.

http://seekingalpha.com/article/91689-mesa-air-group-inc-f3q08-qtr-end-06-30-08-earnings-call-transcript?source=yahoo&page=1

Just so I can be the first on this thread, Mesa sucks!
You Go Fins!

Trojan
 

Flyer1015

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JOs goal from the get go was to fly at rock bottom (money losing fares) on just 6 CRJs, and take a hit which would be made up for by the mainland flying/profits. He wanted to drive Hawaiian or Aloha out of business, and he succeeded in forcing Aloha out of business.

These 6 CRJs losing money in Hawaii should be no surprise.
 

~~~^~~~

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JOs goal from the get go was to fly at rock bottom (money losing fares) on just 6 CRJs, and take a hit which would be made up for by the mainland flying/profits. He wanted to drive Hawaiian or Aloha out of business, and he succeeded in forcing Aloha out of business.
He He He, Johnny corned the market on 50 seat inter-island service with island gas costing $4.12 a gallon. Good for him, now he is pulling down service.

.... and China. They couldn't fill an RJ before the Olympics, seems the Communists are not really savy with distribution channels and free markets, who'd have thunk?

Music to go with your reading of the quarterly report:
http://www.youtube.com/watch?v=LV0I44Md4DY
 
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McNugget

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Despite Mesa making a profit on Delta paying them not to fly and the sale of their airplanes, Mesa managed to lose 7.4 on 18 million in revenues in one quarter on 6 CRJ200's operating in Hawaii.

Mesa's management has a "zero tolerance policy that can result in dismissal" when their employees leave a door open for the TSA to find, but is tolerant of the fact they have no way to pay their debt obligations due before the First Qtr. of 09.

Hey, they say Hawaii's looking up. At $4.12 a gallon, they had better hope the only alternative to their CRJ200 is a pump boat. http://www.youtube.com/watch?v=AepyGm9Me6w

Only two analysts had questions, I'm guessing the other had to take an important call about ordering Blimpie's for lunch, or put his phone on mute to muffle the laughter in response to Ornstien's tapdance.

http://seekingalpha.com/article/91689-mesa-air-group-inc-f3q08-qtr-end-06-30-08-earnings-call-transcript?source=yahoo&page=1

Just so I can be the first on this thread, Mesa sucks!
Is it proper form for the thread starter to utter the required "MESA SUCKS!"?

Just to be safe:

MESA_SUCKS!
 

Soverytired

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The silver lining in all this is that Mesa pilots have finally found some intestinal fortitude and are fighting for a decent contract.

This is no small accomplishment; they are no doubt under huge pressure to make concessions, yet they just had their MEC reject their most recent TA.

Kudos to the Mesa pilots. It's probably an empty gesture at this point, because BK is surely coming. Nevertheless, many former Mesa pilots are proud to see whats going on there.
 

~~~^~~~

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Soverytired,

You are right. They got one list with Freedom and avoided a GoJets debacle. I've never had a problem with their pilots, but Johnny's another story.

Wonder what is going to happen with the CRJ900's?
 

Turtlesfly

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Kudos to the Mesa pilots. It's probably an empty gesture at this point, because BK is surely coming. Nevertheless, many former Mesa pilots are proud to see whats going on there.
Better than XJT. Our union wants us to take paycuts to help out the company and avoid BK. We definately have not begun to "take it back." Good for the Mesa guys standing strong.
 

rogerwilcoout

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The silver lining in all this is that Mesa pilots have finally found some intestinal fortitude and are fighting for a decent contract.

This is no small accomplishment; they are no doubt under huge pressure to make concessions, yet they just had their MEC reject their most recent TA.

Kudos to the Mesa pilots. It's probably an empty gesture at this point, because BK is surely coming. Nevertheless, many former Mesa pilots are proud to see whats going on there.
They had it before. The only diff now is that JO does not have a Freedom to play against Mesa. Now the pilot group will finally have a good shot at making their contract at least a little more liveable. Good luck guys !
 

T-prop

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Comair is getting them
Make sure you gut it out PDUBS and stay at Mesa.

You're prophecies (more like profeces) are about to come to come to life...

MAG is awesome, upgrade is around the corner, and MAG is about to take delivery of "bigger" aircraft.

Stop updating your logbooks. You're gonna retire with 6million in your pension plan from that place.
 
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samballs

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The silver lining in all this is that Mesa pilots have finally found some intestinal fortitude and are fighting for a decent contract.

This is no small accomplishment; they are no doubt under huge pressure to make concessions, yet they just had their MEC reject their most recent TA.

Kudos to the Mesa pilots. It's probably an empty gesture at this point, because BK is surely coming. Nevertheless, many former Mesa pilots are proud to see whats going on there.
Why would they be proud? are they not the ones whole rolled over for quik upgrade? They're most likely saying these gys have just ruined a good company. Burn Mesa.
 

pdub20s

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Make sure you gut it out PDUBS and stay at Mesa.

You're prophecies (more like profeces) are about to come to come to life...

MAG is awesome, upgrade is around the corner, and MAG is about to take delivery of "bigger" aircraft.

Stop updating your logbooks. You're gonna retire with 6million in your pension plan from that place.
I don't know what post you've been reading.. but I'm anti management and pro pilot group.

What you are saying sounds like "kool aid Chatter"
 

flynryan15

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Better than XJT. Our union wants us to take paycuts to help out the company and avoid BK. We definately HAVE begun to "take it IN THE back." Good for the Mesa guys standing strong.
Here you go Turtle I fixed that for you!!!
 
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