Quote:
Mesa reported over 3 millions in net income, where most other airlines reported tremendous losses.
Those earnings were achieved with 30 millions cares act support. Mesa is about to report another quarter. Expect to see even greater net income, as 61 million cares act payroll support will be added to that quarter. Flying HAS way increased compared to the previous quarter.
Mesa CAN NOT FURLOUGH unless the cares act money is depleted.
Vote NO!!!
The company used 43m in last quarter employee cost should not have gone up (but down) so they should use 43m this quarter leaving at least 6.5m. Originally Posted by mjpilot
"Mesa expects to receive a total of $92.5 million in connection with the Payroll Support Program under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) covering the period April through September 2020. In April Mesa received $30.8 million under the program and expects to receive $15.4 each month from June through September."Mesa reported over 3 millions in net income, where most other airlines reported tremendous losses.
Those earnings were achieved with 30 millions cares act support. Mesa is about to report another quarter. Expect to see even greater net income, as 61 million cares act payroll support will be added to that quarter. Flying HAS way increased compared to the previous quarter.
Mesa CAN NOT FURLOUGH unless the cares act money is depleted.
Vote NO!!!
They can't furlough (legally) until mid October. October 1st is not the dead line. We can negotiate something better then what we got put in front of us.