MESA late paying airport fees, problem seems to be widespread
#42
Who is going to buy them? The only two airlines with the cash are SkyWest and RAH. RAH's contract would require the pilots be merged into our single seniority list, so Bedford will wait to buy pieces if anything of Mesa. SkyWest may or may not be interested, but they seem to have their eye on CAL flying right now.
RAH and SKY are both shrewd and cautious. With regard to XJET, they would be an ideal asset, but they will not just rollover just for the sake of being bought. They will insure that their personell are not thrown to the streets, for the sake of profit. So this will not be an easy aquisition at all.
Now MESA is a different story. Management will chase an opportunity for profit even at the expense of it's employees, so it will be easier to aquire. YES MESA has debt, and employee problems. A strong airline like SKY or RAH would and should wait in the wings and let MESA clean up as much of it's debt and empoyee problems and it can. The key point is not to wait too long, otherwise they will become too expensive to aquire once they are on sound footing again financially.
#43
Gets Weekends Off
Joined APC: Feb 2008
Position: 757/767 FO
Posts: 847
Fuel continues to stay high, domestic capacity will be cut, and there is no telling how much farther domestic capacity may be cut (as discussed on the front page of the today's USA Today, among many other places). Unfortunately, RJs are going to feel the pinch more than their mainlines, and it will take longer for them to recover.
At some point, investors will stop throwing money at airlines and cut their losses. Wish I could say I'll feel sorry for go! people. But I can't.
#44
I'm not sure I share your optimism. The economy in a "shambles" is as much an argument against Mesa being able to negotiate with its creditors, as it is an argument for it.
Fuel continues to stay high, domestic capacity will be cut, and there is no telling how much farther domestic capacity may be cut (as discussed on the front page of the today's USA Today, among many other places). Unfortunately, RJs are going to feel the pinch more than their mainlines, and it will take longer for them to recover.
At some point, investors will stop throwing money at airlines and cut their losses. Wish I could say I'll feel sorry for go! people. But I can't.
Fuel continues to stay high, domestic capacity will be cut, and there is no telling how much farther domestic capacity may be cut (as discussed on the front page of the today's USA Today, among many other places). Unfortunately, RJs are going to feel the pinch more than their mainlines, and it will take longer for them to recover.
At some point, investors will stop throwing money at airlines and cut their losses. Wish I could say I'll feel sorry for go! people. But I can't.
The optimism is that there are opportunites out there for the stronger regionals to take advantage of. I really dont want to see any of our pilots out on the street. Alot of the time we look at each other through the eyes of our company and forget we all have the same passion and comittment to flying. I ope we all stay afloat and just ride this crap out to etter times.
#45
Banned
Joined APC: May 2007
Posts: 152
#46
“The stock has all the earmarkings of a sinking ship,” May said. “It paid out huge bonuses to management at the end of last year. It lost an $80 million lawsuit with Alaska Airlines, which just settled for 65 cents on the dollar as long as it was paid immediately in cash."
OHHHHH I totally trust these people now!!!
OHHHHH I totally trust these people now!!!
#47
Gets Weekends Off
Joined APC: Nov 2006
Posts: 439
http://biz.yahoo.com/ap/080511/mesa_air_group.html
Just posted this afternoon. I have never been much to speak out mesa and wanting them to close or anything like that.
Howerver, I thought their desire to issue stock was put on the back burner.
It has been noticed by S&P that this could cause some problems with stock value just to pay off debt.
I am not sure if it is interesting or not, I thought I read in this article that they want to issue 37.8 million in stock, and the article says that is the value of the notes that are due payable on june 16th
Just posted this afternoon. I have never been much to speak out mesa and wanting them to close or anything like that.
Howerver, I thought their desire to issue stock was put on the back burner.
It has been noticed by S&P that this could cause some problems with stock value just to pay off debt.
I am not sure if it is interesting or not, I thought I read in this article that they want to issue 37.8 million in stock, and the article says that is the value of the notes that are due payable on june 16th
#48
Banned
Joined APC: May 2007
Posts: 152
Diluter Demand Syndrome
Whenever ANY company issues more stock for whatever reason, the outstanding share notional value becomes diluted. What that means is when a stock splits or there is a new issue in addition to the outstanding stock, the net worth after fees are paid, is thence divided amongst the amount of NEW OUTSTANDING COMMON SHARES. As Mad Cramer of T.V. fame would concur, nobody in their right mind would touch airline stock.
Death throws, to a well deserving air group, comes to mind.
To issue more stock so close to the verge of bankruptcy, extends opportunities for upper management to suck the last remaining ounces of life out of the dying beast,
while allowing for some market savvy stock flippers to sell them short the next time they break the dollar resistance level, kind of like a cheap plasma administered after a loss of blood.
It might as well be Skydrol.
Bottom line is that this proposal to float more of their crappy shares is a FURTHER INDICATER that they are sinking fast.
Death throws, to a well deserving air group, comes to mind.
To issue more stock so close to the verge of bankruptcy, extends opportunities for upper management to suck the last remaining ounces of life out of the dying beast,
while allowing for some market savvy stock flippers to sell them short the next time they break the dollar resistance level, kind of like a cheap plasma administered after a loss of blood.
It might as well be Skydrol.
Bottom line is that this proposal to float more of their crappy shares is a FURTHER INDICATER that they are sinking fast.
#49
Since then the stock bottomed out at 0.45 cents a share, and then came all the way back up to 1.14. It closed Friday at 0.74 cents.
I understand that his strategy is crazy, but it didn't seem to have any discernable effect on the price of stock. We settled with Hawaiian for $35 million less than planned, and I think that drove the price back up. It is trickling back down (with every other airline stock).
I know many of you have a vendetta for Mesa, but at least talk about something more meaningful. If you can't do that, go back to your old ways of making stuff up.
#50
Banned
Joined APC: May 2007
Posts: 152
You guys talk incessantly about this even though its old news. JO announced his intentions to do this about a month ago when the stock was selling just a little under a dollar.
Since then the stock bottomed out at 0.45 cents a share, and then came all the way back up to 1.14. It closed Friday at 0.74 cents.
I understand that his strategy is crazy, but it didn't seem to have any discern-able effect on the price of stock. We settled with Hawaiian for $35 million less than planned, and I think that drove the price back up. It is trickling back down (with every other airline stock).
I know many of you have a vendetta for Mesa, but at least talk about something more meaningful. If you can't do that, go back to your old ways of making stuff up.
Since then the stock bottomed out at 0.45 cents a share, and then came all the way back up to 1.14. It closed Friday at 0.74 cents.
I understand that his strategy is crazy, but it didn't seem to have any discern-able effect on the price of stock. We settled with Hawaiian for $35 million less than planned, and I think that drove the price back up. It is trickling back down (with every other airline stock).
I know many of you have a vendetta for Mesa, but at least talk about something more meaningful. If you can't do that, go back to your old ways of making stuff up.
AS OF THIS FRIDAY PAST>>>>>>OR MONDAY MORN BEFORE 9:00
http://www.marketwatch.com/quotes/mesa
that's $0.74 and going down like a White House Intern.
Last edited by muushin; 05-11-2008 at 10:14 PM.
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