Originally Posted by
rickair7777
I think it's more like $34M in cash.
Also, you only own a few smaller airplanes (like less than ten IIRC).
Most, including the 900's are leased, not owned...you don't get to keep them unless you make the payments, and they do not count as any kind of capital assets (mesa leases are operating leases, not capital leases IIRC).
I'd say closer to hopeless than terrible.
I was wrong.
We own 24 airplanes, 2 -200's, 8 -700's and 14 -900's. The remaining 111 aircraft are leased.
You are correct about the operating leases. This info comes off the 2007 annual report, so it's a little dated. I don't think any of the above items have changed.
As of June 30, 2008 the Company's cash, cash equivalents, restricted cash and marketable securities were approximately $60.1 million.
This info comes from the 3rd Q earnings report.