Mesa Says Us Air Has Not Asked It For Givebacks

[vc10]

On the Mesa earnings call, Jonathan Ornstein said that US Airways has not asked Mesa for givebacks yet.

Why not? Why haven't the unions jumped on this?

 

[BoeingBoy]

Some interesting points....

1 - JO said that Mesa management was voluntarily taking a paycut and the savings would be passed along to U.

2 - JO asked Mesa employees to voluntarily take a pay deferral that would be repaid with interest when U emerged from BK. These savings would also be passed along to U.

3 - In the filings for the contract abrogation, U said that they intended to save $16 million from "capacity purchase agreements".

The first two occured when the interim cuts were approved by the judge. Now I don't know if any of these have/will happen.....

Jim

 

[732guy]

JO is CYA to prop his stock price up, make him look good and US look bad. He's still not off the hook with Mesa's less than stellar jet performance and Air Midwest's crappy service.

 

[Capecod]

Some interesting points....

1 - JO said that Mesa management was voluntarily taking a paycut and the savings would be passed along to U.

2 - JO asked Mesa employees to voluntarily take a pay deferral that would be repaid with interest when U emerged from BK. These savings would also be passed along to U.

3 - In the filings for the contract abrogation, U said that they intended to save $16 million from "capacity purchase agreements".

The first two occured when the interim cuts were approved by the judge. Now I don't know if any of these have/will happen.....

Jim

[post="203162"][/post]​

Mesa Answers US Air Distress Calls

Mesa Air Group has cut salaries among its senior management by 23 percent; the company will credit the proceeds to US Airways in support of the major airline’s restructuring efforts. Mesa has also asked its US Airways Express employees to voluntarily agree to defer up to 23 percent of their salaries. US Airways has agreed to repay all the deferrals upon its emergence from bankruptcy protection. Mesa has also offered a bonus of 20 percent of the deferral for any employee who agrees to participate.

A US Airways Express partner since 1991, Mesa depends on the Arlington, Va.-based major for 43 percent of its revenues. If US Airways fails to emerge from bankruptcy intact, Mesa would find itself left with 67 orphaned Embraer and Bombardier regional jets, forcing it either to fly them under its own colors, redeploy them with other partners or ground them indefinitely.

 

[Capecod]

He's still not off the hook with Mesa's less than stellar jet performance and Air Midwest's crappy service.

[post="203290"][/post]​

Maybe someone can post the stats for the last couple weeks/months for all the express carriers. I think many will be suprised how Mesas "steller" service does against the 3 WO's and other jet contract carriers. -Cape

 

[wings396]

Mesa does not have to do anything, as they are not one of the W/O carriers. The CH-11 filing of US has nothing to do with their company, unless they got "Stiffed" for a few bucks like everyone else did.

 

[BoeingBoy]

Maybe someone can post the stats for the last couple weeks/months for all the express carriers. I think many will be suprised how Mesas "steller" service does against the 3 WO's and other jet contract carriers. -Cape

[post="203299"][/post]​

Cape,

Unfortunately, the data is difficult (if not impossible) to come by. The BTS only has easily obtainable data on major carriers, and neither Mesa or the W/O are major carriers (over $1 billion in annual revenues). There are possibly some BTS databases that have the data, but their size makes it unwieldly to extract the data - at least on my computer.

Jim

ps - it would be older also - a couple of months or so.

 

[Capecod]

Cape,

Unfortunately, the data is difficult (if not impossible) to come by. The BTS only has easily obtainable data on major carriers, and neither Mesa or the W/O are major carriers (over $1 billion in annual revenues). There are possibly some BTS databases that have the data, but their size makes it unwieldly to extract the data - at least on my computer.

Jim

ps - it would be older also - a couple of months or so.

[post="203304"][/post]​

It's out there. When I worked at CCair, our C.P would send out a weekly breakdown off all the U express carriers. It was an email with all kinds of pretty graphs and charts. It was put together by mainline and sent out to all the express carriers, then passed on to the employees. Of course, CCair was almost always #1 so maybe mgmt was just trying to brag, I don't know. I will look and see if someone at Mesa will let me take a look at it. -Cape

 

[BoeingBoy]

Thanks, Cape. I'm sure the company has the data - or at least the raw data. I just don't have access to anything but public data and the BTS databases that might give the answer are just too big for my old computer. Working with a 5-8 Mb database is about the limit of my patience.

Jim