Mesa to fork over $80 million!!!
11-01-2007, 05:23 PM
#51
Gets Weekends Off
Joined APC: Mar 2006
Position: rj 700/900
Posts: 506
Maybe someone need's a little booyaaaa, try reading Crammers book, he explains it in very easy terms to understand. You can't compare just the actual price of a stock to another, there are many, many, many, other factors to look at in determining if a stock is valued correctly.
11-01-2007, 08:15 PM
#52
Gets Weekends Off
Joined APC: Jul 2007
Position: ERJ CA
Posts: 299
I love Wal-Mart because they've substantially dropped the price of pretty much everything I buy. I also love internet stores for buying things such as car parts and electronics.
Do I care about how the people who work there are treated? No, not really, as long as the Company is able to provide adequate customer service and fill my order correctly.
For example, if you were looking to buy a dart board, Wal-Mart's price was $37.62, Target's was $40.99 and Dart's R' Us was $49.99, where would you buy it? Wal-Mart or Target, and you're not fooling anyone here if you say Dart's R' Us.
Same goes for airline tickets. The "uninformed" public is very informed, if they were uninformed they'd still be buying tickets for Aloha and Hawaiian for $300 RT instead of $80.
Do I care about how the people who work there are treated? No, not really, as long as the Company is able to provide adequate customer service and fill my order correctly.
For example, if you were looking to buy a dart board, Wal-Mart's price was $37.62, Target's was $40.99 and Dart's R' Us was $49.99, where would you buy it? Wal-Mart or Target, and you're not fooling anyone here if you say Dart's R' Us.
Same goes for airline tickets. The "uninformed" public is very informed, if they were uninformed they'd still be buying tickets for Aloha and Hawaiian for $300 RT instead of $80.
Indirectly you will pay more for the dartboard than the Walmart price as those who work there might need assistance in health insurance or child support or welfare from the government because their Walmart paychecks do not cover it all. Then your tax dollars you saved by getting the cheap darts go to them, and you've still got the cheapest type of dartboard.
11-01-2007, 08:18 PM
#53
Gets Weekends Off
Joined APC: Jul 2007
Position: ERJ CA
Posts: 299
I've got a few questions for you and any of the other pilots bashing WalMart and low airline tickets.
Where do you buy your stuff? Are your pilot shirts made in America? Your pants? Your underwear? Your shoes? Your pubs bag? Are you flying an airplane made in the United States? (If not, tell your union that the company should only buy American). How about your car? Are all the parts in the car made in the US?
If you can't answer yes to the above, then shut your pie whole. If you can answer yes, then you are walking the walk and talking the talk.
Don't get me wrong. I hate Orinstein as much as the next guy. If it is made better, I buy American. I buy good quality shirts, shoes and pants. Many of my clothes come from LL Bean. I purchased one cheap pubs bag; after the bottom came apart and my pubs blew accross the ramp, I went out a purchased a good one. I will not fly NWA (even though my brother works there), because they suck. Even if the price is cheaper. But when it comes to underwear and t-shirts, I go to Walmart.
Where do you buy your stuff? Are your pilot shirts made in America? Your pants? Your underwear? Your shoes? Your pubs bag? Are you flying an airplane made in the United States? (If not, tell your union that the company should only buy American). How about your car? Are all the parts in the car made in the US?
If you can't answer yes to the above, then shut your pie whole. If you can answer yes, then you are walking the walk and talking the talk.
Don't get me wrong. I hate Orinstein as much as the next guy. If it is made better, I buy American. I buy good quality shirts, shoes and pants. Many of my clothes come from LL Bean. I purchased one cheap pubs bag; after the bottom came apart and my pubs blew accross the ramp, I went out a purchased a good one. I will not fly NWA (even though my brother works there), because they suck. Even if the price is cheaper. But when it comes to underwear and t-shirts, I go to Walmart.
11-02-2007, 09:31 AM
#54
Gets Weekends Off
Joined APC: Nov 2005
Position: UPS 757/767 Capt ONT
Posts: 4,357
Hot off the press:
http://www.thestreet.com/newsanalysi.../10387758.html
"Despite a judge's ruling that it must pay a competitor $80 million, Mesa Air (MESA - Cramer's Take - Stockpickr - Rating) CEO Jonathan Ornstein says his subsidiary go! will keep flying between the Hawaiian islands.
Why? Because, he says, "It's a shame to let the bad guys win."
Earlier this week, Honolulu Bankruptcy Court Judge Robert Faris said Mesa must compensate Hawaiian Airlines (HA - Cramer's Take - Stockpickr - Rating) because it misused confidential information it obtained as a potential acquirer of Hawaiian in 2004. The amount Mesa must pay covers damages from when go! began operating in June 2006 through October this year.
The barriers to go!'s continued operation are significant, because it is conceivable that Mesa could incur additional damages. Additionally, Mesa is dedicating five airplanes to a money-losing venture in Hawaii at a time when it faces severe pilot attrition, as its pilots -- like those at other regional airlines -- are rapidly being hired away by higher paying carriers.
The court did not award damages for any loss Hawaiian may sustain going forward, nor did it agree to bar go! from selling tickets for one year. However, "The judge left open the possibility to pursue damages going forward," said Hawaiian CEO Mark Dunkerley, in an interview.
Ornstein says it is important to stay in Hawaii because, "if we were to leave, the fares would go right back to where they were the day we got there -- a hundred dollars-plus for a 20-minute flight." Current fares are around $39. "In the long run, we will carve out a niche there, operate profitably, and serve the people of Hawaii," he says."
http://www.thestreet.com/newsanalysi.../10387758.html
"Despite a judge's ruling that it must pay a competitor $80 million, Mesa Air (MESA - Cramer's Take - Stockpickr - Rating) CEO Jonathan Ornstein says his subsidiary go! will keep flying between the Hawaiian islands.
Why? Because, he says, "It's a shame to let the bad guys win."
Earlier this week, Honolulu Bankruptcy Court Judge Robert Faris said Mesa must compensate Hawaiian Airlines (HA - Cramer's Take - Stockpickr - Rating) because it misused confidential information it obtained as a potential acquirer of Hawaiian in 2004. The amount Mesa must pay covers damages from when go! began operating in June 2006 through October this year.
The barriers to go!'s continued operation are significant, because it is conceivable that Mesa could incur additional damages. Additionally, Mesa is dedicating five airplanes to a money-losing venture in Hawaii at a time when it faces severe pilot attrition, as its pilots -- like those at other regional airlines -- are rapidly being hired away by higher paying carriers.
The court did not award damages for any loss Hawaiian may sustain going forward, nor did it agree to bar go! from selling tickets for one year. However, "The judge left open the possibility to pursue damages going forward," said Hawaiian CEO Mark Dunkerley, in an interview.
Ornstein says it is important to stay in Hawaii because, "if we were to leave, the fares would go right back to where they were the day we got there -- a hundred dollars-plus for a 20-minute flight." Current fares are around $39. "In the long run, we will carve out a niche there, operate profitably, and serve the people of Hawaii," he says."
11-02-2007, 02:26 PM
#55
Gets Weekends Off
Joined APC: Jul 2007
Position: ERJ CA
Posts: 299
11-03-2007, 05:24 PM
#57
Gets Weekends Off
Joined APC: Mar 2007
Position: Capt
Posts: 3,215
Hi!
They can ALWAYS appeal, and drag it out, at least as far as the Supreme Court. The Exxon Valdez disaster is STILL in litigation, with Exxon trying not to pay a lot of money they were supposed to.
However, Mesa lost. So, if they keep fighting, and keep losing, then they´ll owe EVEN MORE legal fees. If they keep flying, they Hawaiin can file to get MORE money because the damages keep on coming.
If Mesa doesn´t stop, and don´t win, then they´ll be in an EVEN BIGGER world of hurt!
cliff
pdc (Playa del Carmen)
They can ALWAYS appeal, and drag it out, at least as far as the Supreme Court. The Exxon Valdez disaster is STILL in litigation, with Exxon trying not to pay a lot of money they were supposed to.
However, Mesa lost. So, if they keep fighting, and keep losing, then they´ll owe EVEN MORE legal fees. If they keep flying, they Hawaiin can file to get MORE money because the damages keep on coming.
If Mesa doesn´t stop, and don´t win, then they´ll be in an EVEN BIGGER world of hurt!
cliff
pdc (Playa del Carmen)
11-04-2007, 03:48 AM
#58
Flies With The Hat On
Joined APC: Aug 2006
Position: Right of the Left Seat
Posts: 1,339
CamY listen to yourself. We like the "general uninformed public," but we don't want to give them something for nothing! Pilots don't care about competition we want monopoly and more $.
Seriously, when it comes to the public we need only care about customer service.
Seriously, when it comes to the public we need only care about customer service.
12-14-2007, 03:04 PM
#59
Gets Weekends Off
Joined APC: Mar 2007
Position: XJT furloughed due to non-ALPA undercutting
Posts: 376
Looks like Mesa and JO are SOL for a retrial. Serves them right.
$90 million... that could have gone to their reduced rest standup overnight 8 days off a month pilots.
http://starbulletin.com/2007/12/14/b...s/story01.html
$90 million... that could have gone to their reduced rest standup overnight 8 days off a month pilots.
http://starbulletin.com/2007/12/14/b...s/story01.html
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