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Mesa Posts Loss, Recieves Delisting Notice  
User currently offlineApodino From United States of America, joined Apr 2005, 4234 posts, RR: 6
Posted (5 years 6 months 2 weeks 3 days 12 hours ago) and read 7668 times:

In a hastily rushed earnings call that was triggered by a Delisting Notice from Nasdaq, Mesa posted a loss of $22.3 Million.

http://biz.yahoo.com/prnews/090113/la58191.html?.v=1

As I mentioned, the earnings call was quickly scheduled after a Delisting Notice from Nasdaq, so that Mesa could try to avoid delisting. They are expected to report on FY 2008 later in the week to comply. Here is a link about the Delisting notice.

http://pacific.bizjournals.com/pacif...s/2009/01/12/daily2.html?ana=yfcpc


Mesa claims that their delisting notice is due to them not filing the 10-K in a timely manner, but the stock has been trading below 50 cents for months, and I think NASDAQ requires at least $1.00. The other interesting thing is that the MESA shareholders earlier this week voted to issue 700 Million new shares. If they sell these new shares, I would think it would dilute the share price even more.

All in all, it is not looking good for these guys at all. And the Delta contract is still under debate as well. Quite frankly, while I don't want to see anyone lose jobs, this company as well as Trans States are cancers to the industry and i wish they would just die and go away.

71 replies: All unread, showing first 25:
 
User currently offlineModesto2 From United States of America, joined Jul 2000, 2789 posts, RR: 5
Reply 1, posted (5 years 6 months 2 weeks 3 days 12 hours ago) and read 7655 times:



Quoting Apodino (Thread starter):
Quite frankly, while I don't want to see anyone lose jobs, this company as well as Trans States are cancers to the industry and i wish they would just die and go away.

Sad but true. I hate to see people lose their jobs, but Mesa has some serious problems and certainly isn't doing much to improve this ailing industry.


User currently offlineOrdramper98 From United States of America, joined May 2005, 101 posts, RR: 0
Reply 2, posted (5 years 6 months 2 weeks 3 days 12 hours ago) and read 7637 times:

I agree. I don't think anyone wants to see more people loose jobs. But Mesa has been an operational nightmare for years. Their usually the lowest bidder, and everyone knows you get what you pay for.

User currently offlineWorldTraveler From , joined Dec 1969, posts, RR:
Reply 3, posted (5 years 6 months 2 weeks 3 days 12 hours ago) and read 7575 times:

a number of stock exchanges world wide are relaxing minimum share price rules because of the reduced prices of stocks but companies can't hide their finances and continue to have their stock traded on exchanges.

Mesa's problems are long running and in the current context of a desire to reduce regional carrier fleets, it seems hard to believe that any carrier at the lower end of performance in any metric can make it, only the best will survive.


User currently offlineNorCal From United States of America, joined Mar 2005, 2459 posts, RR: 5
Reply 4, posted (5 years 6 months 2 weeks 3 days 12 hours ago) and read 7566 times:



Quoting WorldTraveler (Reply 4):
Mesa's problems are long running and in the current context of a desire to reduce regional carrier fleets, it seems hard to believe that any carrier at the lower end of performance in any metric can make it, only the best will survive.

You are very up to date on DL news, is the Freedom vs DL showdown in March?


User currently offlineBahadir From United States of America, joined Oct 2001, 1772 posts, RR: 10
Reply 5, posted (5 years 6 months 2 weeks 3 days 12 hours ago) and read 7551 times:

I agree with the entire sentiment of all the people above. The pilots in Mesa had a chance and they lost it. I hope this airline goes away to never come back; but there is another one in the making : GoJet. They are expanding in expense of Transstate and if Mesa goes away I think they are going to get more UAL flying... Still though, wouldn't mind picking up DL or US from Mesa's ashes..


Earthbound misfit I
User currently offlineSaab2000 From Switzerland, joined Jun 2001, 1610 posts, RR: 11
Reply 6, posted (5 years 6 months 2 weeks 3 days 12 hours ago) and read 7539 times:

If they are de-listed, what does this really mean? Stock price is ultimately a measure of investor confidence in a company. But if they are de-listed does this mean that they are no longer able to conduct business?

I simply don't know enough about the stock market and business laws.

Educate me!



smrtrthnu
User currently offlineApodino From United States of America, joined Apr 2005, 4234 posts, RR: 6
Reply 7, posted (5 years 6 months 2 weeks 3 days 11 hours ago) and read 7499 times:



Quoting Saab2000 (Reply 8):
If they are de-listed, what does this really mean? Stock price is ultimately a measure of investor confidence in a company. But if they are de-listed does this mean that they are no longer able to conduct business?

I simply don't know enough about the stock market and business laws.

Educate me!

I posed this question to Jim Rankin recently. He said it really wouldn't mean much, but that it would be an embarassment to mesa and would leave them with Egg on their face. But that they could still operate.

The bigger problem this will create is that the just voted to increase the number of shares issued. Which is only going to further drive down the stock price based on Supply and Demand fundamentals. Based on their financials, this is solely designed to raise additional capital. But if the stock is delisted, then they aren't going to raise jack from this. And according to my calculations, at current prices, they are only going to raise $210 million from this. It might make the P and L look good in the next quarter, but it is only a bandaid on a much bigger wound.


User currently offlineSaab2000 From Switzerland, joined Jun 2001, 1610 posts, RR: 11
Reply 8, posted (5 years 6 months 2 weeks 3 days 11 hours ago) and read 7473 times:

They continue to exist. We have been hearing about their impending demise for years. But like a cockroach, they are hard to kill.

I expect this would mean a lot of opportunity for ZW if Mesa went 'Buh Bye!'



smrtrthnu
User currently offlineSaxman66 From United States of America, joined Sep 2000, 518 posts, RR: 0
Reply 9, posted (5 years 6 months 2 weeks 3 days 11 hours ago) and read 7432 times:



Quoting NorCal (Reply 5):
You are very up to date on DL news, is the Freedom vs DL showdown in March?

I'm think the showdown happens this month actually. January 24 or maybe 26 IIRC. I'm just afraid with the state of the economy the judge may go in Mesa's favor. You know they are going to argue that thousands of more jobs will be lost, and with unemployment climbing higher, the judge may prevent more jobs from being lost. Funny how we may have a labor friendly president coming now, but looks like our hoping of Mesa to go under may backfire. Hope it doesn't though.



Ride Amtrak!
User currently offlineNorCal From United States of America, joined Mar 2005, 2459 posts, RR: 5
Reply 10, posted (5 years 6 months 2 weeks 3 days 10 hours ago) and read 7359 times:



Quoting DLPMMM (Reply 6):
What does JALways have to do with Mesa?

Jonathon Orenstein CEO of Mesa a.k.a. the anti-christ

Quoting Saab2000 (Reply 10):
They continue to exist. We have been hearing about their impending demise for years. But like a cockroach, they are hard to kill.

Yes, JO has been a miracle worker over the years, but that was when Mesa was dealing with one or two problems. They have a lot of problems being thrown at them right now and I don't think, and I hope, that JO isn't able to wiggle his way out of this one.

Quoting Bahadir (Reply 7):
The pilots in Mesa had a chance and they lost it. I hope this airline goes away to never come back; but there is another one in the making : GoJet.

I've been furloughed and I was offered an opportunity to go to GoJets but I turned it down because I refuse to be a scab. I would rather continue to barely scrape a living as a CFI then be a part of a scab airline. I've got loans and debt to repay so it's a financially difficult opportunity to refuse because the pay is better than CFI but I won't sell my soul. I know there are plenty of people though that will go there for the quick upgrade just like Mesa. People like JO thrive and survive off of this type of pilot. I hope they get denied the jump seat whenever they try and travel and put on some kind of a black list.

Quoting JayDub (Reply 11):
That said, as the old industry joke goes: "After the nuclear holocaust of World War III, the only things remaing on Earth will be cockroaches, Keith Richards from The Rolling Stones...and Mesa Airlines."

 rotfl  It's funny because it's true but I hope someone stomps down on Mesa for good.

Quoting Saxman66 (Reply 12):
I'm think the showdown happens this month actually. January 24 or maybe 26 IIRC. I'm just afraid with the state of the economy the judge may go in Mesa's favor. You know they are going to argue that thousands of more jobs will be lost, and with unemployment climbing higher, the judge may prevent more jobs from being lost. Funny how we may have a labor friendly president coming now, but looks like our hoping of Mesa to go under may backfire. Hope it doesn't though.

I'm terrified of this too but I hope the judge also looks at Mesa's shady buisness practices and decides enough is enough.


User currently offlineCubsrule From United States of America, joined May 2004, 22726 posts, RR: 20
Reply 11, posted (5 years 6 months 2 weeks 3 days 10 hours ago) and read 7295 times:



Quoting NorCal (Reply 13):
I've been furloughed and I was offered an opportunity to go to GoJets but I turned it down because I refuse to be a scab. I would rather continue to barely scrape a living as a CFI then be a part of a scab airline. I've got loans and debt to repay so it's a financially difficult opportunity to refuse because the pay is better than CFI but I won't sell my soul.

If someone has a family to feed, isn't the opposite decision at least defensible (if not ideal)?



I can't decide whether I miss the tulip or the bowling shoe more
User currently offlineMasseyBrown From United States of America, joined Dec 2002, 5368 posts, RR: 7
Reply 12, posted (5 years 6 months 2 weeks 3 days 10 hours ago) and read 7261 times:

Quoting Apodino (Thread starter):
The other interesting thing is that the MESA shareholders earlier this week voted to issue 700 Million new shares.

Mesa currently has 26.7 million shares outstanding. It's not clear how or to whom 700 million shares might be sold. It seems like an almost pointless paper drill, especially since they had almost 50 million shares authorized but unissued before the new authorization.

The bad news for Mesa opponents is that, with the fuel price reductions, they may be profitable at the moment and are almost certainly cash positive.

Edit: The only reason JO would care about delisting is if there are debt covenants that require listing.

[Edited 2009-01-13 08:22:43]


I love long German words like 'Freundschaftsbezeigungen'.
User currently offlineSaab2000 From Switzerland, joined Jun 2001, 1610 posts, RR: 11
Reply 13, posted (5 years 6 months 2 weeks 3 days 10 hours ago) and read 7224 times:



Quoting MasseyBrown (Reply 15):
The bad news for Mesa opponents is that, with the fuel price reductions, they may be profitable at the moment and are almost certainly cash positive.

Most contract carriers like Mesa don't buy their own fuel. In the case of their Hawaiian operation they buy it, but for all their express/contract ops I doubt they buy their own fuel. So that shouldn't be much of a factor.



smrtrthnu
User currently offlineNorCal From United States of America, joined Mar 2005, 2459 posts, RR: 5
Reply 14, posted (5 years 6 months 2 weeks 3 days 9 hours ago) and read 7139 times:



Quoting Cubsrule (Reply 14):
If someone has a family to feed, isn't the opposite decision at least defensible (if not ideal)?

Most people go to places like Mesa and GoJet for the quick upgrade and completely disregard the damage they are doing to their fellow pilots. There are very few people who go there to feed their families and if they do it is a terrible choice because of the crappy pay. There are a ton of Comair and Expressjet pilots out on the street now (many with families to feed and bills to pay) because of airlines like Mesa and their fly for anything attitude. I know people are put into desperate situations (I'm not in the best financial shape right now) and you could argue the short term value for someone to take a job with a place like Mesa or GoJets. Ultimately they have to live with themselves and the damage they are doing to the industry. I have bills and loans to pay, but my integrity and soul are worth more to me then working for Mesa and earning a few extra bucks over my CFI job.

I'm sure the families of Mesa pilots really like the poor pay, terrible work rules, and the random cancellation of vacation that they must endure. That must put a strain on their family. I've seen the Mesa guys walking around airports, they are the most miserable looking bunch of people I've ever seen. The way their heads hang reminds me of abused children.


User currently offlineMasseyBrown From United States of America, joined Dec 2002, 5368 posts, RR: 7
Reply 15, posted (5 years 6 months 2 weeks 3 days 9 hours ago) and read 7126 times:



Quoting Saab2000 (Reply 16):
I doubt they buy their own fuel. So that shouldn't be much of a factor.

Their Sept 30 10-K operating statement lists fuel expense of $518 million, an operating profit of $10 million and a net loss of $36 million.

While their contracts have varying provisions on expenses, they do buy fuel and they will save money on their current purchases, more than enough to cover their previous loss and probably enough to cover a reduction in operating profits from any revenue declines they are seeing currently.

Just my analysis of the numbers - all are welcome to disagree.



I love long German words like 'Freundschaftsbezeigungen'.
User currently offlineBahadir From United States of America, joined Oct 2001, 1772 posts, RR: 10
Reply 16, posted (5 years 6 months 2 weeks 3 days 9 hours ago) and read 7080 times:

Massey,
they may pay for the fuel for themselves but they may get reimbursed for those from the majors. Also, even if they buy their own fuel and with lower fuel costs, if they don't have money or credit rating they deserve the suppliers will demand cash and that is not present now.

As far as the shares , i think they were done to exchange the bond payments with shares. BOD approved the deal and i think bond holders accepted it. Someone can correct me if i am wrong..

NorCal, I am furloughed from a regional as well. Believe me , an airline like Mesa going away will do us all a favor..



Earthbound misfit I
User currently offlineJBo From Sweden, joined Jan 2005, 2313 posts, RR: 0
Reply 17, posted (5 years 6 months 2 weeks 3 days 8 hours ago) and read 6990 times:



Quoting Apodino (Reply 7):

I posed this question to Jim Rankin recently. He said it really wouldn't mean much, but that it would be an embarassment to mesa and would leave them with Egg on their face. But that they could still operate.

Great Lakes is publicly traded, but has been off the NASDAQ for years. Mesa's delisting just means you can't go through the NASDAQ anymore to buy their shares.



I'd take the awe of understanding over the awe of ignorance any day.
User currently offlineCubsrule From United States of America, joined May 2004, 22726 posts, RR: 20
Reply 18, posted (5 years 6 months 2 weeks 3 days 8 hours ago) and read 6943 times:



Quoting NorCal (Reply 14):
Ultimately they have to live with themselves and the damage they are doing to the industry. I have bills and loans to pay, but my integrity and soul are worth more to me then working for Mesa and earning a few extra bucks over my CFI job.

I guess what I'm having trouble with is why pilots hate other pilots who do not think like them. You have a right to make the decision you've made. But if I'm from St. Louis and really want to be based here, maybe I take a job with G7 for that (and no other) reason. Why does that make me the scum of the Earth?



I can't decide whether I miss the tulip or the bowling shoe more
User currently offlineNorCal From United States of America, joined Mar 2005, 2459 posts, RR: 5
Reply 19, posted (5 years 6 months 2 weeks 3 days 7 hours ago) and read 6884 times:



Quoting Bahadir (Reply 16):
NorCal, I am furloughed from a regional as well. Believe me , an airline like Mesa going away will do us all a favor..

I feel you pain brother, hang in there!

Quoting Cubsrule (Reply 18):
I guess what I'm having trouble with is why pilots hate other pilots who do not think like them. You have a right to make the decision you've made. But if I'm from St. Louis and really want to be based here, maybe I take a job with G7 for that (and no other) reason. Why does that make me the scum of the Earth?

Hate is too strong of a word, we simply don't respect them. What we at respectable regionals have experienced is similar to outsourcing. A lot of our jobs have been sent to places like Mesa where people are willing to work for next to nothing just to get an upgrade. Their wages and more specifically their work rules have made them so cheap that everyone else has to cut back in order to survive. We have been shrinking and they have been rapidly expanding the last few years. How can you possibly like someone that forces you to take a cut in your already poor quality of life? How can you respect someone that has no back bone? Do you respect hookers on street corners? Airlines like Mesa are no different than a whore. FYI you can easily commute as a pilot so you don't have to work to G7 to be in St. Louis. There are plenty of ORD, MEM, ATL etc. based airlines that are about an 1 hour flight from STL. That isn't much different than a normal commute.

If you haven't been a pilot and lived through the blood bath that is the regionals then I can't possibly explain it to you (I don't mean to sound like I'm talking down to you but I used to be naive too). I heard the stories before I started but it wasn't until I becamce part of this game and experienced it first hand that I had my eyes opened and became aware of the damage airlines like Mesa do to the industry.


User currently offlineScottB From United States of America, joined Jul 2000, 6712 posts, RR: 32
Reply 20, posted (5 years 6 months 2 weeks 3 days 7 hours ago) and read 6828 times:



Quoting Bahadir (Reply 16):
As far as the shares , i think they were done to exchange the bond payments with shares. BOD approved the deal and i think bond holders accepted it. Someone can correct me if i am wrong

 checkmark  That's exactly what's going on. They have some bonds coming due for repayment but don't have the cash available to pay the bondholders. I'm not even sure the bondholders "accepted" the deal; Mesa may have always had the choice to repay the bondholders in cash. Or, they may have accepted knowing that demanding repayment would have forced Mesa into bankruptcy -- likely making the bonds worthless or very nearly so.

In any event, Mesa has to avoid bankruptcy at almost any cost, since its agreements with Delta, United, and US Airways give those carriers the ability to cancel their capacity purchase agreements in the event of Mesa declaring bankruptcy -- and we know that most of the legacy carriers are trying to reduce 50-seat capacity.


User currently offlineTango-Bravo From United States of America, joined Jun 2001, 3803 posts, RR: 29
Reply 21, posted (5 years 6 months 2 weeks 3 days 7 hours ago) and read 6743 times:



Quoting Apodino (Reply 7):
it would be an embarassment to mesa and would leave them with Egg on their face. But that they could still operate.

Sounding like nothing more, nothing less than the same old, same old to me... Mesa's already self-trashed image and industry pariah status keeps sinking lower still, even as they never go away while continuing to create airlines of different names managed by Mesa with the same results...or worse (if that is even possible). Apparently they have taken a cue from the legacies in mastering the art of how to not be allowed to fail when they should have been gone long ago.


User currently offlineUzimmermann From United States of America, joined Dec 2006, 61 posts, RR: 0
Reply 22, posted (5 years 6 months 2 weeks 3 days 6 hours ago) and read 6677 times:



Quoting Saab2000 (Reply 6):
If they are de-listed, what does this really mean? Stock price is ultimately a measure of investor confidence in a company. But if they are de-listed does this mean that they are no longer able to conduct business?

I simply don't know enough about the stock market and business laws.

They either have to find another stock exchange to be listed or they go to OTC (Over The Counter).


User currently offlineVictorKilo From United States of America, joined Jul 2006, 304 posts, RR: 0
Reply 23, posted (5 years 6 months 2 weeks 3 days 6 hours ago) and read 6622 times:



Quoting MasseyBrown (Reply 12):
Edit: The only reason JO would care about delisting is if there are debt covenants that require listing.

Under the "Risk Factors" section of their 10-K, filed with the SEC, they talk about the implications of delisting:

Quote:

Our Current Stock Price Creates a NASDAQ Delisting Possibility

Our Common Stock is currently traded on the NASDAQ Global Select Market and may be delisted, which could adversely affect our business and relations with employees, customers, and others.......While there are many actions that may be taken to attempt to increase the price of our stock, two of the possibilities are a reverse stock split and a stock repurchase. At this time, we have limited capital resources available for any stock repurchase. Any such actions (even if successful) may have adverse effects on us, such as adverse reaction from employees, investors and financial markets in general, adverse publicity, and adverse reactions from customers. There are other continued listing requirements for listing on the NASDAQ Global Select Market. There can be no assurance that we will continue to meet these listing requirements.

Should our stock be delisted from the NASDAQ Global Select Market, we may apply to have our stock traded on the Over-The-Counter Bulletin Board. There can be no assurance that our common stock would be timely admitted for trading on that market. This alternative may result in a less liquid market available for existing and potential shareholders to buy and sell shares of our stock and could further depress the price of our stock.

Importantly, they didn't say that a delisting would constitute a default of their bonds. I would think that if a delisting was equal to a default, they'd have to say that in their 10-K.

Mesa does say in their 10K that "If Delta successfully terminates the Amended DCA or Expansion DCA, we may not be able to meet our immediate financial obligations." - and the
appeal for the Amended DCA (ERJ-145 flying) will be heard on January 30th, 2009.


User currently offlineSaxman66 From United States of America, joined Sep 2000, 518 posts, RR: 0
Reply 24, posted (5 years 6 months 2 weeks 3 days 6 hours ago) and read 6622 times:



Quoting NorCal (Reply 19):
If you haven't been a pilot and lived through the blood bath that is the regionals then I can't possibly explain it to you (I don't mean to sound like I'm talking down to you but I used to be naive too). I heard the stories before I started but it wasn't until I becamce part of this game and experienced it first hand that I had my eyes opened and became aware of the damage airlines like Mesa do to the industry.

Well said man. You don't really know whats going on until you're at a regional. This has been a complete and utter bloodbath. I'm about to be put on the street here at my airline. Hopefully something good will come of all this. But all in all, I prefer this over a 'real' job.



Ride Amtrak!
25 Post contains links Apodino : And in further Mesa news, US is trimming even more of the Mesa 50 seat flying in PHX. http://www.reuters.com/article/marke...sNews/idINN13381971200901
26 TVNWZ : Empty sentiment. If you want Mesa to go away then you want people to lose their jobs. Can't have it both ways. Howabout lets hope JO goes away and th
27 JBird : Hmmmmm....I seem to see a lot of "respectable" regional pilots more than happy to do the same thing to major airline pilots. I guess it is okay if yo
28 MasseyBrown : Thanks for making me read the fine print, which says about 95% of their fuel is reimbursed. In an interesting comment, it says UA ceased reimbursing
29 Cubsrule : It's not at all clear to me that such clauses are enforceable. It's a slippery slope. Under your logic, how can anyone in industry justify working an
30 NorCal : Personally I think every Jet and everything 50 seats or more should be flown at the major level and I would gladly fly a prop, fly charter, or be a C
31 Bahadir : I live in SEA and commuted to SDF. Big freaking deal! You either move everytime or accept the fact that you are going to be a commuter. What happens
32 FlyASAGuy2005 : Delta tried to play that game and it has turned around and bit them in the @** A wound that requires a few stitches... Just for the employees sake, I
33 TwinOtter : If I understand you, you are mad because other people value compensation differently than you and choose to work for a wage that you don't like, but
34 NorCal : It doesn't work for them as a lot of them qualify for food stamps. Their line of reasoning is that they will be there for only 2 years before they ca
35 Pgtravel : Yep, they did always have that choice. The convertible notes that are in question here aren't coming due until 2023 and 2024, but in the next month,
36 Uadc8contrail : Norcal, what damage would someone do by going to mesa for a quick upgrade to the left seat? you can not put comair and expressjet in this thread and
37 Legacytravel : NorCal first I hope that your financial situation improves soon. However it is your choice. you made a decision based on what you feel is right. Ther
38 Cubsrule : My point wasn't that taking the job at G7 was necessarily smart... my point was that it didn't necessarily make the pilot in question a bad person.
39 Suisjes : I don't think Barclays or the many others let Jo Ornstein delist in any manner that was not paying back the money they bought in at Thank You
40 Post contains links Suisjes : Here is who is the major share holders now, stock has fell quite a bit http://finance.yahoo.com/q/mh?s=MESA
41 Allstarflyer : Nice thought, but he'd go kicking and screaming, tearing the airline down w/him if necessary. How exactly are regional pilots supposed to act? They n
42 NorCal : I would love the day when JO is kicked to the curb and the Mesa pilot group grew a pair and got at least an industry matching contract. Every regiona
43 Alias1024 : Mine was deleted too so I'll reproduce it again. Watch out because it's offensive and will corrupt the mind.
44 Cubsrule : How do you differentiate between the two groups, though? Certainly, the ones who went to G7 for the quick upgrade don't walk around ORD with big red
45 Mir : I would love to see JO leaving Mesa and the company succeeding. But it's not going to happen. And while I don't want to see people lose their jobs, i
46 Cubsrule : Maybe it's a collective action problem. I don't see why it makes me "extremely selfish" to make a choice for my convenience when, realistically, my c
47 Mir : But if enough pilots do reject the offers from G7, then they will choose to change the way they operate (or go out of business, but then another comp
48 NorCal : I don't differentiate unless I know, in either case it doesn't change the fact that I still have no respect for them. The only difference is that I p
49 F9Animal : I can't understand this either. If I just started my flying career, posted my resumes, and the ONLY place that would put me in the seat was Mesa, you
50 Mir : But that wouldn't be the case. People who get hired at Mesa are generally turning down some instructor jobs that pay better (which is more a reflecti
51 Cubsrule : I'm glad to hear that you don't differentiate. The number of backwards badges I see at ORD, though, makes me think that some pilots do. I still have
52 Saab2000 : BTW, Suisjes, still think pilots are overpaid?
53 Mir : The information is out there, and it's not hidden. Even if you never come to airliners.net, there are so many other websites where Mesa's treatment o
54 NorCal : No a lot of us don't spend our time here, we spend our time at other pilot related forums. Choosing an airline to work for is a major decision becaus
55 Cubsrule : I think you're obscuring the issue, though. No one plans to spend their career at a regional, so there's much less incentive to research employers. I
56 Apodino : GoJet I can see, but Mesa is ALPA so what incentive does ALPA have to stop pilots from joining an airline where they represent the pilots? That makes
57 NorCal : I doubt you heard back from all 150 though. I looked into every regional airline I knew of and made my own profile for each of them with things like
58 Cubsrule : I probably heard from 130 or 140 of them. I'd go even farther. ALPA looks out for the guys who are flying a 772 to GRU or LHR 9 days a month. Why? Pi
59 NorCal : Well optimistically we hope that we can change the industry.......pessimistically we are just paying our dues. I'm an optimist
60 LAXintl : ALPA just like everyone realizes the economic situation of each carrier is unique. A universal contract would never work as it would either bankrupt
61 NorCal : Oh you mean make management effectively manage carriers instead of looking to labor groups every time they need to cut costs? Take Mesa for example,
62 MasseyBrown : The craft unions do it, although on a regional basis, not national. Their work and jobs tend to be episodic, so it suits them much better. It has plu
63 Cubsrule : I wonder if things will change once those pilots that have spent some time at places like YV move up the ladder and in to union leadership posts at m
64 NorCal : I agree that ALPA, like a political party, looks after the interests of it's top donors first and then everyone else. The national seniority list is
65 Cubsrule : It's funny, though. If you go to an industry with some sort of unified seniority system (either craft unions or a non-unionized industry where senior
66 NorCal : I agree with what you are saying, I was just doing a little devil's advocate to show why some might not like it. Change is a very hard thing to initi
67 Cubsrule : Inertia is a big problem. That's why I don't expect a change until more people our age (who have had experiences like your's) filter in to leadership
68 JetJeanes : They have been on the delisting notice for quite a while. as an investor i have been watching them and i think they may do what expressjet did was lik
69 NorCal : The bond issue is a big one as they have a $100 million dollars worth of bonds coming due in the next couple of months and JO's solution to the probl
70 Post contains links Oswegobag : It looks like Mesa pulled it off! According to the article, MESA successfully negotiated for the bondholders to not administer their put option on the
71 Alias1024 : That's only part of them. Then there is the issue of the Delta lawsuit. While it's a good sign for Mesa, they aren't out of the woods yet.
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