Compass Updates 2: Revenge of the Sit
#951
Gets Weekends Off
Thread Starter
Joined APC: Apr 2017
Posts: 343
https://www.sec.gov/Archives/edgar/d...573709ds1a.htm Seriously though if anybody is interested in just how a regional operates on the financial side, there's a ton of data to pour through here. Obviously, TSH is a private company, but since Mesa is going public, a tooooon of data dump just became available and when you consider the sizes, it gives a lot of useful info.
Of note for Mesa:
"We derive all of our operating revenue from our capacity purchase agreements with our major airlines partners. As of March 31, 2018, our American Capacity Purchase Agreement accounted for 54% of our total revenue and our United Capacity Purchase Agreement accounted for 46% of our total revenue. In addition, as of March 31, 2018, all of our aircraft available for scheduled service were operating under a capacity purchase agreement with either American or United.
Our American Capacity Purchase Agreement expires with respect to different tranches of aircraft between 2021 and 2025, unless otherwise extended or amended. In addition, our American Capacity Purchase Agreement is subject to termination prior to expiration, subject to our right to cure, in various circumstances including if our controllable flight completion factor falls below certain levels for a specified period of time.
Our United Capacity Purchase Agreement expires between June and December 2019 with respect to 34 CRJ-700 and E-175 aircraft, between January and August 2020 with respect to 16 E-175 aircraft, and between 2021 and 2028 with respect to 30 of our E-175 aircraft. We are currently in negotiations with United with respect to the 20 CRJ-700 aircraft expiring between August and December 2019. We cannot predict the outcome of these negotiations and there can be no assurance that we will be able to extend these aircraft at acceptable rates, on acceptable terms, or at all. United is also permitted, subject to certain conditions, to terminate the agreement early in its discretion by giving us notice of 90 days or more. Our United Capacity Purchase Agreement is also subject to termination prior to expiration, subject to our right to cure, in various circumstances including if our controllable flight completion factor or departure performance falls below certain levels for a specified period of time."
Of note for Mesa:
"We derive all of our operating revenue from our capacity purchase agreements with our major airlines partners. As of March 31, 2018, our American Capacity Purchase Agreement accounted for 54% of our total revenue and our United Capacity Purchase Agreement accounted for 46% of our total revenue. In addition, as of March 31, 2018, all of our aircraft available for scheduled service were operating under a capacity purchase agreement with either American or United.
Our American Capacity Purchase Agreement expires with respect to different tranches of aircraft between 2021 and 2025, unless otherwise extended or amended. In addition, our American Capacity Purchase Agreement is subject to termination prior to expiration, subject to our right to cure, in various circumstances including if our controllable flight completion factor falls below certain levels for a specified period of time.
Our United Capacity Purchase Agreement expires between June and December 2019 with respect to 34 CRJ-700 and E-175 aircraft, between January and August 2020 with respect to 16 E-175 aircraft, and between 2021 and 2028 with respect to 30 of our E-175 aircraft. We are currently in negotiations with United with respect to the 20 CRJ-700 aircraft expiring between August and December 2019. We cannot predict the outcome of these negotiations and there can be no assurance that we will be able to extend these aircraft at acceptable rates, on acceptable terms, or at all. United is also permitted, subject to certain conditions, to terminate the agreement early in its discretion by giving us notice of 90 days or more. Our United Capacity Purchase Agreement is also subject to termination prior to expiration, subject to our right to cure, in various circumstances including if our controllable flight completion factor or departure performance falls below certain levels for a specified period of time."
#952
Line Holder
Joined APC: Sep 2018
Posts: 49
Anyone notice that the Compass Wikipedia page is claiming that Compass was sold to Mess Airlines on 15 Oct 18 for 35.7 million. It appears to be an attempt at Wikipedia trolling as no citation to confirm the post. About halfway down the page under History.
https://en.m.wikipedia.org/wiki/Compass_Airlines_(North_America)
https://en.m.wikipedia.org/wiki/Compass_Airlines_(North_America)
#955
Gets Weekends Off
Joined APC: Nov 2006
Posts: 516
The EFB Administrator can fix this issue. Name and email are listed in the Company Contacts document in Comply.
#956
Gets Weekends Off
Joined APC: Jan 2017
Posts: 531
Speaking of AA benefits, how does that timeline work out? Emailed my stuff to employee travel and was told “American will email directly to your Gmail account” like 2 weeks ago, but nothing yet
#957
Gets Weekends Off
Joined APC: Mar 2017
Posts: 856
It is ridiculously slow and the sad part is you pay for the calendar year so you paid for now until December and then will have to repay and reapply for next year come January.
#959
Gets Weekends Off
Joined APC: Feb 2017
Posts: 570
Schedules are up. Didn't get time off I wanted, got other stuff I never thought I'd get off and didn't even ask for.
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