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Judge Faris awarded Hawaiian Airlines a judgement for $80 million today, citing Mesa Air's use of confidential bankruptcy information to compete unfairly. That's a lot of money, but it might not be enough to put go! out of business. Hawaiian had also asked that Mesa be prohibited from selling tickets for a year, but the judge didn't go for that. I think Aloha Air has a suit of their own pending, so it could get worse for Mesa.
http://the.honoluluadvertiser.com/articl...25437.html
Cheers,
Jerry
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I think Mesa can appeal the judgement right? Hawaiian shouldn't count on seeing that cash any time soon.
Personally Hawaiian reminds of the bully who beats every one up (the flying public) then cries foul when some one trips them.
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I knew earningf was coming out after the close so I checked the quote at 9:45 went to the mb and noticed the news blackout by the regulars amid the background chatter from hangman then saw the order imbalance so hastily placed an order for 1k at 4.37 then when I found out I got I sighed "oh no! One of those potemkin village order imbalances!" Fortunately my tin foil hat was wrong- missed a chance to flip it at 5.3- maybe tomorrow. All I know is I needed a win.
Others want to make friends- I just want to make money.
James Cramer
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As long as Go Airlines can continue to fly in the islands (which they have been granted), there will be no fare increases on the flying public unless its by Aloha and Hawaiian. Mesa has deep pockets.....deeper than Hawaiian or Aloha. The 80 million may hurt alittle, but it won't stop them from continuing to fly inter-island at $39.95 each way or less until either Hawaiian or Aloha or both are out of the picture. Then "they" will raise airfares. So take advantage of the lower fares while you can.
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Yes, Mesa will definitely appeal.
I'm still confused how after all this, people still believe Go was a good thing and would keep prices low.
In reviewing testimony, didn't Mesa admit they were subsidizing each Go passenger at the rate of $75? If the average ticket a passenger pays (by their own statement) is $50, wouldn't that mean that once they exhausted their reserve (2009) they will be forced to raise tickets to at least $125 just to beak even?
Now I may be slow to pick up on things, and my memory may not be what it was, but didn't Mesa make the statement to the People of Hawaii that they were going to keep the low fares and Hawaiian and Aloha's claim of needing to charge more was baloney? Yet according to their own documents they must absolutely in late 2008 raise fares to a minimum of $125 or face bankruptcy.
Gee that sounds like they had planned to break their promise to the people, sounds like they knew their criticism of Hawaiian and Aloha was false, sounds like they were hoping the people of Hawaii were just some dumb islanders who can't see the pineapple from the tree, and it sounds like they knew their whole marketing was a con.
It also sounds like a bunch of people fell for it - Or did I miss something?
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quote:
Yes, Mesa will definitely appeal.
I'm still confused how after all this, people still believe Go was a good thing and would keep prices low.
In reviewing testimony, didn't Mesa admit they were subsidizing each Go passenger at the rate of $75? If the average ticket a passenger pays (by their own statement) is $50, wouldn't that mean that once they exhausted their reserve (2009) they will be forced to raise tickets to at least $125 just to beak even?
Now I may be slow to pick up on things, and my memory may not be what it was, but didn't Mesa make the statement to the People of Hawaii that they were going to keep the low fares and Hawaiian and Aloha's claim of needing to charge more was baloney? Yet according to their own documents they must absolutely in late 2008 raise fares to a minimum of $125 or face bankruptcy.
Gee that sounds like they had planned to break their promise to the people, sounds like they knew their criticism of Hawaiian and Aloha was false, sounds like they were hoping the people of Hawaii were just some dumb islanders who can't see the pineapple from the tree, and it sounds like they knew their whole marketing was a con.
It also sounds like a bunch of people fell for it - Or did I miss something?
Yeah...but it still made it cheaper for most of us to fly interisland all the while!
"What? Me Worry?" - Alfred E. Nueman
"Vote with your money!"
