Cash balance as of December 31, 2007 was $67 million, with 7 million of that restricted cash. They have not yet released their first quarters number (I wonder what they are trying to hide!). Given the money they burned through operating Go! in the first quarter, they certainly lost money in the first quarter. Now Delta is going to pull $20 million a month in revenue from Mesa, yet Mesa still has to pay those pilots/FA/ground crew on payroll and 36 ERJ's on leases. The Air Midwest shutdown is going to cost them money. Again, pilots/FA/ground crew on payroll.

I just cant see how long they can survive on that $60 million cash balance when they are losing money left and right, and their stock is worthless.