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Joined: 23 Aug 2007
Posts: 5144
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| Posted: Wed Jul 02, 2008 9:26 am Post subject: Aero-News: Quote of the Day (07.02.08) |
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"The additional capacity has helped us spread our costs. We've seen improvement in the operating environment in terms of load factors and fares. The numbers are such that in a normalized environment, we'd be feeling pretty good right now." Source: Mesa Air Group Chairman and CEO Jonathan Ornstein. Mesa this week reported a fiscal second-quarter profit of $9.4 million, even after adjusting its earnings to reflect a settlement with Hawaiian Airlines over allegations of unfair competitive tactics. Mesa's go! Airlines subsidiary, which operates interisland flights in Hawaii, saw a net operating loss of $8.3 million, bringing total losses since its June 2006 launch to $34.7 million... but Ornstein believes go! is poised for a turnaround.
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