Originally Posted by
minimwage4
How do you figure? About the only way Mesa could continue flying for UA is if they underbid putting them further in the hole for the sake of making things look on the up and up. Forget about Delta, unless if it's for free.
#1 Mesa's stock is doing very badly, nothing from the company about that.
#2 Does Mesa have enough cash to even come out of BK? Speculations are that they do not and are milking time hoping for a miracle. That is why all the silence from PHX. It would be a very tough BK to come out of.
Not only does the company have a bad reputation but the second they enter BK Delta will for sure dump them (US could possibly dump them too). With out significant feeder contracts no one will see them as viable. I'm not sure they could even get capital to finance an exit chapter 11. The credit market is still very tight and Mesa has had a lot of negative press recently (Delta court battle, Aloha, etc.), I'm just not sure JO could sell the prospect of his company to anyone.