Rumor Question About Mesa
 

Since I've got my ratings/license, while working as a F/A, I've been talking, asking questions, to every OMC we have. Several Mesa guys stated there is a "big meeting" Friday, and the board of directors are suppose to be going over all the finacial stuff of the company, and that they are going to ask (or he is suppose to announce) Johnathan O. to step down....anyone know any true facts?

Not sure if "rumors" are allowed to be posted, I read over the "forum rules" it only says don't post nudity, profanity, or commercialized stuff......but if it's not allowed, feel free to delete the post.........

The only "FACTS" I could find was indeed there is a meeting as this press release indicates below:

Mesa Air Group Sets Time for Discussion of 4th Quarter Earnings and Annual Results

PR NEWSWIRE
Posted: 2007-12-18 14:11:03
PHOENIX, Dec. 18 /PRNewswire-FirstCall/ -- Mesa Air Group, Inc. (Nasdaq: MESA) announced today that it will release financial and operating results for the fourth quarter ended September 30, 2007 on Friday December 28, 2007. The Company will also hold a conference call on Friday, December 28, 2007 to discuss financial results at 9:00 AM Mountain Standard Time, 11:00 AM Eastern.

Interested investors can access the Company's webcast of the conference call through the Mesa website at http://www.mesa-air.com . The call leader will be Jonathan Ornstein, Chairman and CEO of Mesa, and will last approximately one hour. A replay of the call will also be available approximately one hour after its conclusion by calling:

USA Toll Free number 800-284-7027

USA Toll number +1-402-220-9738

Representatives from Mesa may make material non-public disclosures during the conference call. The Company does not intend to make any further disclosure of such information and encourages all interested parties to listen to the conference call live or via a rebroadcast. :confused::confused::confused:

Mesa currently operates 184 aircraft with over 1,100 daily system departures to 144 cities, 40 states, the District of Columbia, Canada, the Bahamas and Mexico. Mesa operates as Delta Connection, US Airways Express and United Express under contractual agreements with Delta Air Lines , US Airways and United Airlines , respectively, and independently as Mesa Airlines and go!. In June 2006 Mesa launched inter-island Hawaiian service as go!. This operation links Honolulu to the neighbor island airports of Hilo, Kahului, Kona and Lihue. The Company, founded by Larry and Janie Risley in New Mexico in 1982, has approximately 5,000 employees and was awarded Regional Airline of the Year by Air Transport World magazine in 1992 and 2005. Mesa is a member of the Regional Airline Association and Regional Aviation Partners.

Every corporate BOD under jurisdiction of the SEC has a fiduciary responsibility to speak to shareholders simultaneously (typically via press release) when such an announcement could affect share value. Earnings calls and announcements of change in executive structure are such calls. You won't see any thing but rumors til tomorrow.;)

Mesa currently operates 184 aircraft with over 1,100 daily system departures to 144 cities, 40 states, the District of Columbia, Canada, the Bahamas and Mexico. Mesa operates as Delta Connection, US Airways Express and United Express under contractual agreements with Delta Air Lines , US Airways and United Airlines , respectively, and independently as Mesa Airlines and go!. In June 2006 Mesa launched inter-island Hawaiian service as go!. This operation links Honolulu to the neighbor island airports of Hilo, Kahului, Kona and Lihue. The Company, founded by Larry and Janie Risley in New Mexico in 1982, has approximately 5,000 employees and was awarded Regional Airline of the Year by Air Transport World magazine in 1992 and 2005. Mesa is a member of the Regional Airline Association and Regional Aviation Partners.

Sounds like a great company...Regional Airline of the Year. Wonder why they have such high turnover...hmmmmmm.

Haha...Where would APC be if we couldn't post rumors?:D

My vote: Rumor. Didn't they just give the guy a contract extension? Hope I am wrong, though.

Yes, a 3 yr extension? :confused: What were they thinking? Did he hold a gun to their heads?

We can only wish and hope that the Mesa Board of Directors would have the smarts to get rid of the worst part of that company: the CEO.

I think the part about non-public disclosures is just legal CYA stuff. Analysts will be asking questions, and the answers from management may contain information which has not in the past, nor will in the future be in any company press releases or SEC filings.

Mesa is attributing the delay for the 10-K filing and conference call to accounting issues from the divesting of Air Midwest. This is possible. They may also need to redo some statements and estimates to account for the ruling against them in the lawsuit brought by Hawaiian.

He knows where the bones are buried... he will go down with the ship if he has to. That is the way I have heard he negotiates. Blood and destruction all the way. I don't think he will be going anywhere. There was some guy who harassed some flight attendants... as the story goes, MAG was sued and lost a couple of million. So they demoted the guy for a couple of months and then put him in charge of Midwest. Sound familiar? Yes, the Murnane/HAL lawsuit and China dealio... raised eyebrows anyone?

Oh, and besides, if he steps down that would be the best thing that could happen to him (golden parachute) AND it won't change much around here for a long time anyhow. Upper and middle management has a lot of bad eggs... Ok, enough doom and gloom.