Thread: Mesa's Future
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Old 01-30-2008 | 08:52 AM
  #26  
CFIse
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Originally Posted by JetJock16
Mesa had to pay UAL $30M, for missing 07 performance numbers, last Jan and will probably have to do this Jan for 07.
That's hilarious. Last January Mesa wrote-off $30M it had ALREADY PAID TO UNITED as "pay to play" money when the contract was initiated. It wasn't a fine or a payment for non-performance (no matter how inadequate the performance might have been). The write-off was because Mesa decided (rightly or wrongly) that the contract was no longer profitable and that the $30M couldn't be taken against future profits.

Really - if you're going to post at least make some attempt to be close to in the same city, let alone ballpark, as the facts.
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