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Mesa Stock In Freefall  
User currently offlineFlyf15 From , joined Dec 1969, posts, RR:
Posted (6 years 8 months 2 weeks 2 days 8 hours ago) and read 16085 times:

Not sure if anyone has noticed this or not, but Mesa's stock is currently in a freefall. One week ago (last tuesday), their stock traded as high as 2.51/share. Today is has traded as low as 1.20/share. Thats down over 52% in 5 days with significant drops every single day.

It looks to me like Wall Street last lost confidence in the future viability of the company and the investors are selling off everything to get out what money they can before the company goes under. Does anyone think we should look to see Mesa shut down by the end of the week?

Another interesting note is that while a large regional carrier, Mesa's market cap is only 34M. Pinnacle's is 4.5x larger. Republic's is 23x larger. Skywest's is 36x larger! Even MAIR Holdings (the former owner of both Mesaba and Big Sky), which no longer has any real operation, has a market cap larger than Mesa's.

http://finance.google.com/finance?q=mesa

118 replies: All unread, showing first 25:
 
User currently offlineWestIndian425 From United States of America, joined May 2004, 1024 posts, RR: 1
Reply 1, posted (6 years 8 months 2 weeks 2 days 8 hours ago) and read 16076 times:

I think the fact that DL wants to get rid of their ERJ operations at JFK has something to do with it. There is also a rumor that UA is not pleased with them either.


God did not create aircraft pilots to be on the ground
User currently offlineTzadik From United States of America, joined Dec 2005, 114 posts, RR: 0
Reply 2, posted (6 years 8 months 2 weeks 2 days 8 hours ago) and read 16017 times:

Quoting WestIndian425 (Reply 1):
I think the fact that DL wants to get rid of their ERJ operations at JFK has something to do with it. There is also a rumor that UA is not pleased with them either.

wrong on both accounts.

Delta wants to drop their 50 seat market and theyve been quite vocal about that. They're using shady business tactics to try and jump thru a loop whole that will speed up their goal. Asking mesa to cancel and remove flights from the schedule and then turing around and using those dropped flights in the completion rate is shady.

United doesnt like anyone... they got their heads so far up... well anyway. you got CORA and their misserable hubs (IAD/ORD). Two airports that are notorious performance killers. The fact of the matter is United will b***h all they want but as long as mesa is still the cheapest they wont be going anywhere. The only legit gripe that United has is mesa's staffing issues, but that is being furiously worked on.

[Edited 2008-04-07 10:57:34]

User currently offlineSlider From United States of America, joined Feb 2004, 6924 posts, RR: 34
Reply 3, posted (6 years 8 months 2 weeks 2 days 7 hours ago) and read 15945 times:

I wonder who Ornstein will find to blame and/or sue for this...

User currently offlineWestIndian425 From United States of America, joined May 2004, 1024 posts, RR: 1
Reply 4, posted (6 years 8 months 2 weeks 2 days 7 hours ago) and read 15928 times:



Quoting Tzadik (Reply 2):
Delta wants to drop their 50 seat market and theyve been quite vocal about that. They're using shady business tactics to try and jump thru a loop whole that will speed up their goal. Asking mesa to cancel and remove flights from the schedule and then turing around and using those dropped flights in the completion rate is shady.

It may seem shady, but no matter how it looks, the bottom line is less flying for Mesa's planes, which would translate into a problem with growth, which is Wall Street tends to look at, not so? (Look at how ExpressJet fared when the announcement was that 25% of the fleet was going to be removed from CO)

I don't know what goes on with UA, really. I'm just putting out the rumor I heard.



God did not create aircraft pilots to be on the ground
User currently offlineAirTranTUS From , joined Dec 1969, posts, RR:
Reply 5, posted (6 years 8 months 2 weeks 2 days 7 hours ago) and read 15853 times:



Quoting Slider (Reply 3):
I wonder who Ornstein will find to blame and/or sue for this...

The airlines of Hawaii are more the sue-happy type.

Anyway, I wonder how much HA will raise prices when they are the only major player in the interisland market.


User currently offlineNWAESC From United States of America, joined Aug 2007, 3406 posts, RR: 9
Reply 6, posted (6 years 8 months 2 weeks 2 days 7 hours ago) and read 15831 times:



Quoting Tzadik (Reply 2):
you got CORA and their misserable hubs

I've seen this mentioned in a couple different threads now...Can someone please clue me in on who/what/where "CORA" is?

Thanks!



"Nothing ever happens here, " I said. "I just wait."
User currently offlineKELPkid From United States of America, joined Nov 2005, 6428 posts, RR: 3
Reply 7, posted (6 years 8 months 2 weeks 2 days 7 hours ago) and read 15791 times:

Isn't $1/share the magic point at which both the NYSE and NASDAQ de-list stocks?  Wink


Celebrating the birth of KELPkidJR on August 5, 2009 :-)
User currently offlineMasseyBrown From United States of America, joined Dec 2002, 5599 posts, RR: 7
Reply 8, posted (6 years 8 months 2 weeks 2 days 7 hours ago) and read 15745 times:



Quoting Tzadik (Reply 2):
They're using shady business tactics to try and jump thru a loop whole that will speed up their goal.

Delta has accused Mesa of breach of contract because of specific performance failures. DL's proposed remedy for the breach is the cancellation of 50-seat flying; they probably have the right to cancel the whole contract, but choose to cancel only the least profitable portion of the flying. If Mesa rejects DL's remedy, they may risk losing all DL flying. The facts will prove DL either right or wrong and a court or an arbitrator will probably decide the matter..

I don't see anything "shady" about this. That's how contract law works.



I love long German words like 'Freundschaftsbezeigungen'.
User currently offlineVictorKilo From United States of America, joined Jul 2006, 316 posts, RR: 0
Reply 9, posted (6 years 8 months 2 weeks 2 days 7 hours ago) and read 15729 times:



Quoting Flyf15 (Thread starter):
Does anyone think we should look to see Mesa shut down by the end of the week?

Mesa looks to be in a bad situation with the cancellation of the DL ERJ contract. A significant percentage of its operations will be draining cash (parked B1900's, parked ERJ's, UA CR2's, go!), while the remaining operations (US CR9's, US West CR2's, US and UA Dash 8's, UA CR7's, DL CR9's) can't generate the cash to cover for those operations losing money. And with the capital markets being what they are right now, Mesa may not be able to access the cash it needs to continue operations outside of DIP - especially if there is a judgement against them from the AQ creditor's lawsuit - which is being expressed in the low stock price. But those same operations that can't overcome the operational drags from non-performing pieces of the company could make a profitable company if they are freed from the operational drags.

Because of this, I think Mesa stands a very good chance of getting DIP financing should they file for bankruptcy. Quite simply, there is enough of Mesa that makes money, and enough likelihood that US won't cancel the CR9 flying and UA won't cancel the CR7 flying, to try to reorg Mesa around those two components - especially if SkyWest or Republic or Air Whisky's owners agree to buy the cert to run this flying.

I don't expect Mesa to shut down this week, but I wouldn't doubt that they might file Chapter 11 this week.


User currently onlineSANFan From United States of America, joined Aug 2006, 5594 posts, RR: 12
Reply 10, posted (6 years 8 months 2 weeks 2 days 7 hours ago) and read 15729 times:



Quoting AirTranTUS (Reply 5):
Anyway, I wonder how much HA will raise prices when they are the only major player in the interisland market.

I just hope HA can find some more 717s REAL fast!

bb


User currently offlinePHXMKEflyer From United States of America, joined Nov 2003, 291 posts, RR: 0
Reply 11, posted (6 years 8 months 2 weeks 2 days 7 hours ago) and read 15682 times:



Quoting Slider (Reply 3):
I wonder who Ornstein will find to blame and/or sue for this...

your answer is Delta http://biz.yahoo.com/ap/080407/mesa_air_delta_suit.html?.v=1

Just checked and the stock has dropped another 11% just today (so far)

I worked for Mesa for nearly four years both at PHX and in S.O.C., I feel incredibly sorry for the great people who still work there but must admit J.O., Lotz, and their" yes-men" should be avoided like the plague.

I really feel sorry for US and UA, what would happen should/when mesa shuts down and their pax are stranded because of Mesa's incompetence? The passengers think that they are flying on US or UA when in reality they are flying Mesa and will take out their frustrations on US and UA...


User currently offlineMasseyBrown From United States of America, joined Dec 2002, 5599 posts, RR: 7
Reply 12, posted (6 years 8 months 2 weeks 2 days 7 hours ago) and read 15643 times:



Quoting PHXMKEflyer (Reply 11):
I really feel sorry for US and UA, what would happen should/when mesa shuts down and their pax are stranded because of Mesa's incompetence?

I agree with VictorKilo. Mesa may declare bankruptcy but they will continue flying. There is a profitable business in there somewhere.



I love long German words like 'Freundschaftsbezeigungen'.
User currently offlinePHXMKEflyer From United States of America, joined Nov 2003, 291 posts, RR: 0
Reply 13, posted (6 years 8 months 2 weeks 2 days 7 hours ago) and read 15577 times:



Quoting MasseyBrown (Reply 12):
. Mesa may declare bankruptcy but they will continue flying. There is a profitable business in there somewhere

your probably right; Do you all think the removal of J.O. and his cronies is likely to happen(fingers crossed) because of all that is going on?


User currently offlineMasseyBrown From United States of America, joined Dec 2002, 5599 posts, RR: 7
Reply 14, posted (6 years 8 months 2 weeks 2 days 6 hours ago) and read 15489 times:



Quoting PHXMKEflyer (Reply 13):
Do you all think the removal of J.O. and his cronies is likely to happen

Probably, in the course of a bankruptcy. Meanwhile keep an eye on anything that's not nailed down.



I love long German words like 'Freundschaftsbezeigungen'.
User currently offlineAloha73G From United States of America, joined Jul 2003, 2372 posts, RR: 4
Reply 15, posted (6 years 8 months 2 weeks 2 days 6 hours ago) and read 15442 times:

Anyone think Mesa will go out with class like Aloha?

I hear from people at HA that the AQ employees left their work areas "spotless" in "like-new" condition. Also AQ was #1 on-time in February.

I feel for the poor employees at Mesa, but your management SUCKS! The road ahead does NOT look good for any airline with financial woes.

-Aloha!



Aloha Airlines - The Spirit Moves Us. Gone but NEVER Forgotten. Aloha, A Hui Hou!
User currently offlineFriendlySkies From United States of America, joined Aug 2004, 4120 posts, RR: 5
Reply 16, posted (6 years 8 months 2 weeks 2 days 6 hours ago) and read 15378 times:



Quoting PHXMKEflyer (Reply 11):
I really feel sorry for US and UA, what would happen should/when mesa shuts down and their pax are stranded because of Mesa's incompetence? The passengers think that they are flying on US or UA when in reality they are flying Mesa and will take out their frustrations on US and UA...

As much as I agree about Mesa's incompetence, it's UA's and US's own fault for keeping Mesa around in the first place.


User currently offlineLoggat From United States of America, joined Feb 2000, 666 posts, RR: 0
Reply 17, posted (6 years 8 months 2 weeks 2 days 6 hours ago) and read 15354 times:

Mesa is going after pilot's who left the company (because it sucked and they had better places to go) to recouperate the training contract fees. They are now going to court to achieve this. Must be hurting for cash or something. Our company has quite a few LAMA's being targeted.


There are 3 types of people in this world, those that can count, and those that can't.
User currently offlineTzadik From United States of America, joined Dec 2005, 114 posts, RR: 0
Reply 18, posted (6 years 8 months 2 weeks 2 days 6 hours ago) and read 15301 times:



Quoting MasseyBrown (Reply 8):
I don't see anything "shady" about this. That's how contract law works.

they're including flights they asked mesa to cancel into the completion/performance statistics... that my friend is shady. this time mesa is gonna come out on top in a lawsuit.


User currently offlineAirframeAS From United States of America, joined Feb 2004, 14150 posts, RR: 24
Reply 19, posted (6 years 8 months 2 weeks 2 days 6 hours ago) and read 15263 times:



Quoting SANFan (Reply 10):
I just hope HA can find some more 717s REAL fast!

Why can't HA take AQ's 732's and 73G's along with the 738's and retain all the AQ pilots & FA's for it? That's a good idea, so far....



A Safe Flight Begins With Quality Maintenance On The Ground.
User currently offlineWorldTraveler From , joined Dec 1969, posts, RR:
Reply 20, posted (6 years 8 months 2 weeks 2 days 4 hours ago) and read 15064 times:



Quoting VictorKilo (Reply 9):
Because of this, I think Mesa stands a very good chance of getting DIP financing should they file for bankruptcy.

perhaps... but Mesa will have to reject an aweful lot of aircraft contracts in order to restructure. I'm not sure that lessors will allow them to reject that many aircraft and still retain reasonably favorable terms on the remaining aircraft. Remember also that DL, not Mesa, owns the CR9s. If Mesa goes bellyup or if DL decides to reject the entire contract, DL can reassign the aircraft to other operators.

Also, even if the DL case goes to arbitration, it will take so long to resolve that Mesa's finances will be so significantly altered that they couldn't be restored even if the ruling goes in Mesa's favor.

A Mesa bankruptcy of one type or another is probably what will help move some RJs out of the US fleet. And if DL has grounds to reject its contracts, other carriers probably do too.


User currently offlineCubsrule From United States of America, joined May 2004, 23299 posts, RR: 20
Reply 21, posted (6 years 8 months 2 weeks 2 days 4 hours ago) and read 14992 times:



Quoting Tzadik (Reply 18):
they're including flights they asked mesa to cancel into the completion/performance statistics... that my friend is shady. this time mesa is gonna come out on top in a lawsuit.

Frankly, if YV management was dumb enough to negotiate the contract such that DL could calculate completion rates in such a boneheaded manner, they're equally to blame.

And for what it's worth, the YV crew on my CR9 flight last night was the most unprofessional crew I have ever seen, bar none. The ship seems to be sinking quickly. I used to have more good experiences than bad on YV... not so lately.



I can't decide whether I miss the tulip or the bowling shoe more
User currently offlineTzadik From United States of America, joined Dec 2005, 114 posts, RR: 0
Reply 22, posted (6 years 8 months 2 weeks 2 days 3 hours ago) and read 14844 times:



Quoting Cubsrule (Reply 21):
And for what it's worth, the YV crew on my CR9 flight last night was the most unprofessional crew I have ever seen, bar none. The ship seems to be sinking quickly. I used to have more good experiences than bad on YV... not so lately.

well according to the findings released today the trend is moving in the other direction.


User currently offlineTango-Bravo From United States of America, joined Jun 2001, 3806 posts, RR: 29
Reply 23, posted (6 years 8 months 2 weeks 2 days 2 hours ago) and read 14673 times:



Quoting PHXMKEflyer (Reply 11):
The passengers think that they are flying on US or UA when in reality they are flying Mesa and will take out their frustrations on US and UA...

Which will simply be a case of US and UA reaping what they have sown by putting their reputations on the line by turning over a ridiculous amount of their capacity to the lowest bidder, which is the first and last and everything-in-between criteria considered by US and UA in hiring Mesa to represent them.

Quoting Tzadik (Reply 2):
The fact of the matter is United will b***h all they want but as long as mesa is still the cheapest they wont be going anywhere.

 checkmark  Both UA and US have told us loud and clear that, where disingenuous, empty rhetoric gives way to reality, they could care less about the level of service Mesa provides -- as long as Mesa is the cheapest.


User currently offlineFreequentFlier From United States of America, joined Feb 2007, 902 posts, RR: 12
Reply 24, posted (6 years 8 months 2 weeks 2 days 2 hours ago) and read 14511 times:



Quoting Tzadik (Reply 2):
wrong on both accounts.

Delta wants to drop their 50 seat market and theyve been quite vocal about that. They're using shady business tactics to try and jump thru a loop whole that will speed up their goal. Asking mesa to cancel and remove flights from the schedule and then turing around and using those dropped flights in the completion rate is shady.

United doesnt like anyone... they got their heads so far up... well anyway. you got CORA and their misserable hubs (IAD/ORD). Two airports that are notorious performance killers. The fact of the matter is United will b***h all they want but as long as mesa is still the cheapest they wont be going anywhere. The only legit gripe that United has is mesa's staffing issues, but that is being furiously worked on.

Is that you Jonathan Ornstein?  Big grin Seriously, I've never heard such a stirring defense of an airline before, and Mesa Airlines no less!  Wow!


25 Tzadik : all you guys just love to hammer on mesa when i'd say 95% of you have no clue... there's a lotta good people that work real hard and don't deserve th
26 DashTrash : Keep drinking the Kool Aid...... Mesa has been a boil on the ass of professional aviation for a few years now. Any pilot who has taken a job there in
27 LawnDart : That's according to Mesa. I doubt you've actually seen the breakdown of cancellations to verify what Mesa says is true. As opposed to all the other l
28 Post contains links 767Lover : And yet Mesa didn't suck as much as other airlines in the Airline Quality Rating study. http://money.cnn.com/2008/04/07/news...p/index.htm?postversion
29 IAD51FL : Ya, the reason regionals dont get as many complaints is most go to the mainline operator. Mesa has flying so spread out in the system the passengers
30 D328 : I couldn't care more if this airline went bankrupt, John O. is the biggest douchebag CEO, and I cannot believe people actually work for him and that e
31 767Lover : Well, Am Eagle scored the lowest.
32 Hiflyer : When the FAA puts in an air traffic slowdown for a specific airport they allocate slots to the various carriers to match the new lower allowable flow
33 Super80 : Isn't DL canceling the 50 Seats Contract with Freedom as well ???
34 JBirdAV8r :
35 Greasemonkey : Yep, and those people are smart and went to work for other regionals instead of putting up with Johnny O.'s crap.
36 Jmc1975 : Neither is US. That only leaves go! and Kunpeng. Mesa's a goner.....JO will move to the Phoenix westside ghetto....buh-bye.
37 Cactus739 : Other than the problems with 73G and 738 flying in Hawaii pointed out in the Aloha going oot business threads... that's a great idea
38 DurangoMac : It seems people have also given up on even trying to file a complaint against Mesa especially since almost everyone else had higher number of complai
39 Caspian27 : I'm too lazy to look, but CORA applies to other UAX carriers. Not just Mesa. What are the Skywest (biggest UAX carrier, should be representative), Tr
40 DurangoMac : I can't remember any numbers but I can say that it doesn't hit OO that hard in ORD. Yes on days that ORD is down for the count because of weather, UA
41 Apollo13 : So is Mesa Air Group the next one to go? I hope not! I have flown with them once before and really enjoyed their service. But if they do go under, whe
42 NWAESC : Thanks for the information/explanation!
43 Azcommute : I for one work for Mesa for 6+ years and have seen all that has gone on. I moved on when things were expected of me that any one person could not hand
44 Hiflyer : From a high of 8.02 to 1.23 yesterday....Freefall is a good description. The question that is begging is that if Mesa does a chapter 11 would it be ab
45 Imapilotaz : This is patently incorrect. When a passenger files a complaint, it includes the flight number associated with the complaint. The complain then goes t
46 Cubsrule : Unfortunately, the findings released yesterday cannot measure crew morale, which might (if it were quantifiable) be the best indicator of what a carr
47 Caspian27 : Do you mean F8? YV, ZV and F8 are all the certificates that Mesa owns. There is a single seniority list for the pilots across all 3 airlines.
48 Orion737 : Does Ornstein ever get any public criticisms? does it affect him? Does he ever het hassled or hounded as he deserves to? Has there been any threats of
49 Tango-Bravo : In effect, Freedom is a scab operation that Mesa created to bust their unionized scabs at Mesa. Along that same line, there comes a point where the b
50 Imapilotaz : There is one thing to question his ability to run a company, it is something completely different to threaten violence on somebody. As with any indiv
51 Orion737 : I was threatening violence nor am i a moron, but I was wondering if he gets any 'stick? name calling and the like. Evenm our PM gets public name calll
52 Imapilotaz : Of course he gets that. I would guarantee you that even folks like Bill Gates and Warren Buffett get their share of disgruntled employees talking tra
53 Orion737 : Our PMs have been 'egged' before and public ministers ridiculed in newspapers and turned on by the public. Does this type of thing happen to Ornstein?
54 Surfrider1978 : Mesa is a joke to the airline industry. A buddy of mine was just promoted captain 2 months ago, with a measly raise. He basically told them to get f**
55 Orion737 : And ornstein the, what? of the industry? I hope the public go up to him and tell him they think of him whenever they see him in public!!!
56 Caspian27 : The Freedom of today is completely different than the original one that was created to circumvent the Mesa certificate. All three certificates pilots
57 Cubsrule : Yeah, thanks. Proofreading helps... Why keep the F8 certificate around, then? Seems like YV has something up its sleeve...
58 A330323X : I believe it's $2. To get around the various scope clauses at the partner airlines. For example, the YV certificate flies the CRJ-900 for US, but DL
59 Cubsrule : I don't think any current partners have scope restrictions that require F8 to have its own certificate.
60 A330323X : Perhaps not, as I said, but that's why it was instituted in the first place.
61 Post contains links MasseyBrown : http://biz.yahoo.com/ap/080408/mesa_air_group.html?.v=1 Mesa wants to issue new shares, but it's hard to imagine who will be the buyer. The looming $1
62 Post contains links KarlB737 : More background on the topic: As Airlines Fail, Some Wonder Who's Next "Mesa is seen by some analysts as more vulnerable than other regional operators
63 Post contains links ChicagoFlyer : Turning back to the topic of Mesa stock.... here's a Yahoo!/AP article that made me do a double take: Mesa Air Wants to Issue More Shares First reacti
64 Imapilotaz : As always, A330 is correct on this. DL has specific language that states a connection carrier cannot operate anything larger than 76 seat jets. The w
65 Caspian27 : I appreciate the insight that you've brought to this discussion. However, tell me how the Freedom start is any better than the GoJet start, since you
66 Alias1024 : Yes it was. If it wasn't meant to be so, then F8 pilots would have been on the same seniority list as other Mesa pilots right from the beginning. Pil
67 Caspian27 : Exactly! I'm glad other people "get it."
68 Mainland : It's $1 on the NASDAQ. However, the exchange grants companies a long amount of time (More than 6 months, depending on the appeal process) to get thei
69 Orion737 : Could I send ornstein a nasty letter? Saying he was responsible for killing Aloha and how much I hate his guts?
70 AirTranTUS : Can't you just give it a rest? I mean holy crap, every post you make in this thread is anti-Ornstein. We get it. No reason to be this extreme.
71 Orion737 : Mr Ornstein is a bully and only one way to deal with bullies
72 Luv2fly : Lets be realistic here, what are the odds of you even ever flying a Mesa flight! Turn your hatred energy towards FR, stay in your own country. Channe
73 Drewwright : This is true. Every time I meet a Freedom pilot, they quickly identify themselves as *not* part of the "original" F8, which was formed to circumvent
74 Post contains links Cactus739 : Article in todays' Arizona Rpublic...a nice summary of Mesa's issues... http://www.azcentral.com/business/ar...04/09/20080409biz-mesaair0409.html
75 Lowrider : This is exactly what was held over the Mesa pilots during contract negotiation. The only reason the threat had any credibility was the fact that some
76 Flyf15 : Mesa's stock has already fallen yet another 15% today...
77 DashTrash : Spoken like a true A lister or management scumbag. The original incarnation of Freedom was, and is the ultimate definition of alter - ego carrier. Th
78 TVNWZ : Easy to insult. Now address his points, point by point.
79 Timo007 : Stock is at 1.05 now, down 20 percent on the day
80 Aloha73G : $0.99 down exactly 25% -Aloha!
81 Cubsrule : My apologies for not being clearer... once DL finishes firing F8, there will be no need for F8.
82 FlyPNS1 : Maybe, but so far DL has indicated they want to keep F8 around to operate the CRJ900's. Of course, DL could change their mind.
83 Cubsrule : I don't know how the contract reads (obviously), but given that they have 3 CR9 operators right now (F8, 9E, OO), my guess is that if they want to ge
84 Flyf15 : Closed at 0.96/share. Thats down 27% today alone. They're down 61% in the last 5 days...
85 Lowrider : In a summary way he does. Freedom was started to bypass the Mesa pilots during negotiations. It provided Mesa with a ready made group of strike break
86 FlyPNS1 : Actually four CR9 operators (OH). I agree that they can find someone else, but so far they've said they wanted to keep the CR9 flying with F8. If the
87 Post contains images Hiflyer : "They're dead, Jim"
88 Aloha73G : I would think Mesa will quickly file Ch.11 if their stockholders don't approve the new stock issue, as they'd quickly be out of cash when the people h
89 Alias1024 : Don't get me started on them. Every time I see them in ORD, pretending to be UA pilots with their orange United crew tags on their luggage, it makes
90 Caspian27 : That is pretty funny. At least they recognize how much people hate what they did...
91 Cubsrule : Indeed. Republic Airways (that's the parent, right?) is really the only carrier that has gotten around scope issues the right way. Both AX and YV cou
92 A330323X : Actually, YV wanted to do it the "right way" from the start, and it was going to place the 90-seaters at CCAir. However, ALPA International rejected
93 Lowrider : No, we haven't forgotten CCAir, but you have to look at why the contract was rejected. If anything, it only gives more reasons to loath Johnny O. The
94 Cubsrule : I was focusing more on seniority lists (which have been integrated at Republic from the start of the certificate dance)... there are too many opportu
95 Aloha73G : eTrade just quoted MESA at $0.79 per share. Yikes! -Aloha!
96 Slider : I have an idea! Let's buy Mesa and boot Ornstein out....would be poetic justice for him. And no golden parachute!
97 Aloha73G : Market Cap of ~$25million divided by 76,000 A.net members = $330 each. Hey...maybe we could finally own our own airline. It could definitely use some
98 Lowrider : I'm in. Actually, I would guess that many of us could use the economic stimulus check we will be getting to pay for it.
99 Aloha73G : Really we'd only need to buy half the company to control it. LOL. Can you imagine the look on JO's face. "Sir, we've just been bought by aviation enth
100 Lowrider : Wait until he is away on vacation, fire him in abstentia, and ban him for life on Mesa flights. Oh to be a fly on the wall...
101 DashTrash : Make sure you read the quote below closely... MAG was going to use CCAir as the whipsaw carrier rather than F8. Bingo. Why else would Mesa have wante
102 Saab2000 : DashTrash, Are you the same DashTrash guy I flew with the other day at DCA?
103 A330323X : But it wasn't rejected, and I think the CCAir pilots were big enough boys and girls to make their own decisions without ALPA International overriding
104 Lowrider : Make up your mind. Which is it? Yes CCAir voted in the contract. Yes, ALPA rejected it as is their right to do in the bylaws. ALPA has a duty to look
105 A330323X : Yes, and they filed a Denial of Fair Representation lawsuit against ALPA, but MAG shut them down before they had a chance to change representation. I
106 Lowrider : After the fact. They had to choose to be represented by ALPA. They did not choose to de-certify the union, and they had no qualms over availing thems
107 DashTrash : Nope. I don't fly the Dash anymore. If you're at Piedmont, you might have flown with me though. Where? I was referring to the current joke of a contr
108 Hiflyer : Frontier stock went sub $2 and they just filed Chapt 11 in the middle of the night. Mesa is south of a buck a share....I am surprised they have not fi
109 Saab2000 : I flew with a guy on the CRJ at ZW a few days ago. He is also "Dashtrash", but maybe on another forum. Thanks! Sorry for the thread drift.....
110 VictorKilo : Frontier filed to preserve liquidity in light of their credit card processor requiring additional capital to process Frontier tickets. Their stock pr
111 MasseyBrown : I wonder what the basis for a settlement would be. Hawaiian and potentially Aloha are in very good bargaining positions. Hawaiian might accept half t
112 Flyf15 : Mesa's stock currently down another 21% this morning alone. Their market cap is half of what it was when I started this thread. I don't think I've eve
113 Lowrider : Great Lakes stock took a huge dive back in the late 90's. It hung around the $1 for over a year before being delisted.
114 Flyf15 : It took Great Lakes 6 1/2 months to do what Mesa has done in roughly 8 days.
115 A330323X : Bear Stearns?
116 TN757Flyer : Riiiight. Like that will make the guy sit back and rethink his business philosophy. Perhaps we should giggle at him behind his back and call him name
117 Lightsaber : Thanks for the link. One thing struck me: "Major airlines have little appetite for 50-seat jets; they are uneconomical with fuel prices in the $100-a
118 Tcfc424 : YX is a regional for my airline. I have just recently started looking at their stocks, largely as a result of this thread. It seems to me that if they
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