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Yesterday, Mesa Air Group (MESA) announced that it was filing for Chapter 11. Here’s a snip from a statement made by Chairman and CEO Jonathan Ornstein in yesterday’s press release:
“Over the past two years, we have worked closely with our lessors, creditors and other constituents to restructure our financial obligations. These efforts have led to [...]
Earlier this week, I bought an airline ticket to Washington for a meeting next week. In the past, I’ve taken Amtrak or my new favorite, Bolt Bus, but flying — even booking just a week in advance — was actually $100 cheaper than the train and a lot quicker than the bus. Unfortunately this morning, [...]
It’s no secret that most of the major airlines are a bit of a mess, what with the poor economy, rising fuel prices, lots of layoffs and declining customer service, as I footnoted here. And the stocks of various airlines, as reflected by this index are clearly in the dumps.
Despite this, two major carriers are [...]
Nearly seven weeks ago, we footnoted about what seemed like an interesting disclosure at AMR (AMR), the parent company for American Airlines, which disclosed a sizable increase in the number of airworthiness directives it had received in its 2007 10-K. At the time, the stock was trading at around $14.50 a share.
Fast forward to today [...]
Yesterday, I booked some tickets on American Airlines because I need to be in Dallas and Kansas City next month for speaking gigs. And it’s a good thing for parent-company AMR (AMR) that the tickets are non-refundable because the 10-K they filed yesterday raised some interesting concerns, like this one:
As part of that oversight, the [...]
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