Mesa Air Group Chapter 11 Info
06-19-2010, 03:30 AM
#1002
Banned
Joined APC: Jun 2008
Posts: 8,350
06-19-2010, 07:14 AM
#1003
Gets Weekends Off
Thread Starter
Joined APC: Jun 2008
Posts: 467
May MOR
The May MOR has been submitted.
Summary:
Total Revenue: $65,632,000
Total Operating Expenses: $65,974,000
Total Non-Operating Income (Expense): ($1,291,000)
Income (Loss) Before Reorganization Items and Income Taxes: ($1,632,000)
Income (Loss) Before Discontinued Operations: ($2,633,000)
Net Income (Loss): ($2,633,000)
Total Assets: $928,518,000
Total Liabillities: $828,552,000
Total Liabilities and Stockholder's Equity: $928,518,000
Cash and Cash Equivalents at End of Period: $60,833,000
Cash and Cash Equivalents at Beginning of Period: $57,484,000
Increase (Decrease) in Cash and Cash Equivalents: $3,350,000
winglet
Summary:
Total Revenue: $65,632,000
Total Operating Expenses: $65,974,000
Total Non-Operating Income (Expense): ($1,291,000)
Income (Loss) Before Reorganization Items and Income Taxes: ($1,632,000)
Income (Loss) Before Discontinued Operations: ($2,633,000)
Net Income (Loss): ($2,633,000)
Total Assets: $928,518,000
Total Liabillities: $828,552,000
Total Liabilities and Stockholder's Equity: $928,518,000
Cash and Cash Equivalents at End of Period: $60,833,000
Cash and Cash Equivalents at Beginning of Period: $57,484,000
Increase (Decrease) in Cash and Cash Equivalents: $3,350,000
winglet
06-19-2010, 08:17 AM
#1004
Gets Weekends Off
Joined APC: Nov 2008
Posts: 299
The May MOR has been submitted.
Summary:
Total Revenue: $65,632,000
Total Operating Expenses: $65,974,000
Total Non-Operating Income (Expense): ($1,291,000)
Income (Loss) Before Reorganization Items and Income Taxes: ($1,632,000)
Income (Loss) Before Discontinued Operations: ($2,633,000)
Net Income (Loss): ($2,633,000)
Total Assets: $928,518,000
Total Liabillities: $828,552,000
Total Liabilities and Stockholder's Equity: $928,518,000
Cash and Cash Equivalents at End of Period: $60,833,000
Cash and Cash Equivalents at Beginning of Period: $57,484,000
Increase (Decrease) in Cash and Cash Equivalents: $3,350,000
winglet
Summary:
Total Revenue: $65,632,000
Total Operating Expenses: $65,974,000
Total Non-Operating Income (Expense): ($1,291,000)
Income (Loss) Before Reorganization Items and Income Taxes: ($1,632,000)
Income (Loss) Before Discontinued Operations: ($2,633,000)
Net Income (Loss): ($2,633,000)
Total Assets: $928,518,000
Total Liabillities: $828,552,000
Total Liabilities and Stockholder's Equity: $928,518,000
Cash and Cash Equivalents at End of Period: $60,833,000
Cash and Cash Equivalents at Beginning of Period: $57,484,000
Increase (Decrease) in Cash and Cash Equivalents: $3,350,000
winglet
Can you break that down Barney Style for us non-accountant types? Doesn't Mesa need to show that they can turn a profit before they will be allowed to exit Bankruptcy?
06-19-2010, 12:53 PM
#1005
Gets Weekends Off
Joined APC: Jul 2008
Position: back in the right
Posts: 406
The May MOR has been submitted.
Summary:
Total Revenue: $65,632,000
Total Operating Expenses: $65,974,000
Total Non-Operating Income (Expense): ($1,291,000)
Income (Loss) Before Reorganization Items and Income Taxes: ($1,632,000)
Income (Loss) Before Discontinued Operations: ($2,633,000)
Net Income (Loss): ($2,633,000)
Total Assets: $928,518,000
Total Liabillities: $828,552,000
Total Liabilities and Stockholder's Equity: $928,518,000
Cash and Cash Equivalents at End of Period: $60,833,000
Cash and Cash Equivalents at Beginning of Period: $57,484,000
Increase (Decrease) in Cash and Cash Equivalents: $3,350,000
winglet
Summary:
Total Revenue: $65,632,000
Total Operating Expenses: $65,974,000
Total Non-Operating Income (Expense): ($1,291,000)
Income (Loss) Before Reorganization Items and Income Taxes: ($1,632,000)
Income (Loss) Before Discontinued Operations: ($2,633,000)
Net Income (Loss): ($2,633,000)
Total Assets: $928,518,000
Total Liabillities: $828,552,000
Total Liabilities and Stockholder's Equity: $928,518,000
Cash and Cash Equivalents at End of Period: $60,833,000
Cash and Cash Equivalents at Beginning of Period: $57,484,000
Increase (Decrease) in Cash and Cash Equivalents: $3,350,000
winglet
06-20-2010, 11:23 PM
#1008
Go Knights Go
Joined APC: Apr 2008
Position: OCC/Dispatch
Posts: 261
If all goes as planed today, June 21st, there should be an update hearing before the district court in Chicago regarding UA v MAG over the clause in the 200 contract that could have allowed Mesa to place 10 200s with 10 700s.
06-21-2010, 03:35 PM
#1010
Gets Weekends Off
Joined APC: Jul 2006
Posts: 146
"Originally Posted by winglet
The May MOR has been submitted.
Summary:
Total Revenue: $65,632,000
Total Operating Expenses: $65,974,000
Total Non-Operating Income (Expense): ($1,291,000)
Income (Loss) Before Reorganization Items and Income Taxes: ($1,632,000)
Income (Loss) Before Discontinued Operations: ($2,633,000)
Net Income (Loss): ($2,633,000)
Total Assets: $928,518,000
Total Liabillities: $828,552,000
Total Liabilities and Stockholder's Equity: $928,518,000
Cash and Cash Equivalents at End of Period: $60,833,000
Cash and Cash Equivalents at Beginning of Period: $57,484,000
Increase (Decrease) in Cash and Cash Equivalents: $3,350,000
winglet"
DashDriverYV, According to the above info Cash and Cash Equivalents increased (not decreased) by $3,350,000 during the period. So what this means is that the problem is not cashflow, per sae. If you look closely at the infomation provided you will see that Operaring and Non-Operating Expenses exceeded Total Net Revenue for the period. To put it simply, the information provided indicates that they've been spending more money than they've been generating resulting in a Net Loss.
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