Real time quotes are delayed a little bit. They issued the release at ~2 pm so they should just now be see a reaction to it. Also keep in mind the stock is SO low right now even this news is already factored into price.

With this news no doubt all of their expenses (fuel, namely) will require cash on delivery to maintain operation. I honestly can't see them continuing operations for long with this news out.

Mesa's stock is trading at 9 cents, it dropped 2 cents today, how could it drop any more?

20%ish drop and going down.

Oh wait, it just went up a cent, now only depreciated by 10%.

Seriously, this is a very bizarre anouncement but don't immediately assume Mesa is going under. We have seen some pretty crazy things happen and they still survive. Not to mention, who wants to see an additional 1300+ pilots hit the street.

Besides, who would we have to bash on these forums if Mesa didn't exist?

Go Jets comes to mind...

When one Mesa's pilots post that their check did not clear, then and only then will Mesa have one foot out the door.

1300 pilots hitting the streets is not that big of deal in the overall schem of things. That's not even 1 % of 1 % of the amount of jobs lost last quarter. Heck, the entire workforce -5k- is not that big of deal. Besides, if/when Mesa dies, the others will pick the flying and most likely hire again. Hence, those guys will be back at work.
As far as JO cancelling the notes, looks like to me he sees the end coming, hence why pay and lose his cash. He's hording and hiding. My 2 cents.

DAL didn't want to cut off MAG to give that flying to someone else. With people trimming flying across the board it's very possible MAG can go down with no inicrease seen at other regioinals... at least on the DAL side.

It's probabaly a big deal if you're one of the 1300. Delta doesn't want to shift regional flying around, they want to do away with it. Additionally, if SkyWest were to take over the United Express stuff were already staffed for it and wouldn't need to hire.