Originally Posted by
fosters
Guys, Mesa isn't going anywhere. Just because they posted a paper loss doesn't mean anything. Sheesh - get a grip
.
They have been losing money. It's not a paper loss anymore.
1) The coverup of "go!" and its failure to make $$$$,
2) the continual postponing of maintenance forces MESA to CXL flights (they lose actual $ AND lose performance $$ for a double whammy,
3) Pilots not getting paid for cancelled trips get fed up and leave to other airlines,
4) MESA pays signing bonuses to acquire pilots
5) Agree to a 10 million share buyback. Could buy 1 share OR 2 OR 3 OR 1000. It's a smoke and mirrors play on behalf of JO. We all know it.
6) Going overseas for business because MESA cannot find anyone else to pay them to do the job they were hired to do here in the USA. i.e They burned all their bridges.
What does them leaving do . . . decreases supply of contract regionals, with LESS supply, companies can charge more.