Originally Posted by
iahflyr
SERIOUS QUESTION...No flame.
How is Mesa's cash flow right now? Last I heard they were all the way down to $20 million with a negative cash flow. Any news on this? How about the Delta injunction? Is Mesa still flying those ERJ's for Delta?
IAH, doesn't look like the cash flow question was answered. Sure, Mesa had an operating net income in their fiscal 1st qtr ended 12/31/08, however they still have negative cash flow of $645K. I didn't look at their future note and debt/principle commitments in 2009, but they will not have positive cash flow unless those go down. So as of the 12/31/08 10Q they are still losing cash (not bashing, I'm indifferent, these are just facts).
see pages 5-6 of the 10Q:
http://ccbn.10kwizard.com/cgi/image?...=1&xbrl=0&dn=2