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America West Holdings (AWA) Message Board

  • autobrakemax autobrakemax Sep 10, 2003 9:43 PM Flag

    It just keeps getting better and better

    FOR: Mesa Air Group CONTACT: Peter Murnane
    410 North 44 th . Street 602-685-4010
    Phoenix, AZ 85008

    MESA AIR GROUP ENHANCES CODE SHARE AGREEMENT WITH AMERICA WEST

    PHOENIX� Phoenix, September 9, 2003�Mesa Air Group, Inc. today announced it has reached agreement with America West Airlines, Inc. on an amendment to its revenue guarantee code share agreement. The amendment increases the number of CRJ-900 aircraft under contract, changes the mix of regional jet aircraft, realigns deliveries, defers America West�s ability to return aircraft before the end of the agreement and settles a number of past contract issues. Specifically, the amendment, among other things, covers America West�s upgrade of its 15 CRJ-700s to 13 larger CRJ-900 aircraft. Although a reduction of 2 aircraft, due to the larger size of
    the CRJ-900, total available seat miles increase approximately 10%. The new agreement also provides for the further increase, subject to confirmation by America
    West, of the total number of CRJ-900s by 12, potentially increasing the total number of CRJ-900s flown for America West from 38 to 50. This fleet transition will begin immediately and is expected to be completed by the first quarter of 2005. Given Phoenix�s highly competitive operating environment, the transition from
    CRJ-700s to the larger CRJ-900s will give America West the flexibility to realign its regional jet growth with its current growth plans and take advantage of the cost
    advantages inherent in operating larger CRJ-900s. As a result of this transition, we expect that Mesa�s America West system available seat miles in fiscal 2004 will
    increase by approximately 35% and fiscal 2005 available seat miles will increase by approximately 60%. As we have mentioned previously, Mesa has significant demand
    by its other partners for CRJ-700s. Making CRJ-700s available to our other partners, particularly on an accelerated basis, has greatly enhanced our ability to obtain additional business. We believe that our total system available seat miles in fiscal 2004 will increase by approximately 55-60% and will not be materially affected by this transition. The fleet transition will have a slight positive impact on our total system
    available seat miles in fiscal 2005 which are expected to increase 30%. As you know, we had previously moved 5 CRJ-200 aircraft from America West to meet commitments
    in Denver. It is anticipated that these aircraft will continue to be redeployed with our other partners as well. In addition to addressing fleet realignment issues, the amendment also settled past contractual disputes related to our 1998 code share agreement. Mesa expects that the settlement will have a positive financial impact during the fourth fiscal quarter and
    going forward Mesa will be reimbursed for certain operating costs, such as our station expenses, which had not been fully covered under the old agreement. �This agreement allows us to accommodate America West�s desire to increase their CRJ-900 fleet while at the same time providing the opportunity to deliver CRJ-700s to our other partners more quickly than would have otherwise been possible by ordering

    new aircraft,� said Jonathan Ornstein, Mesa�s Chairman and CEO. �The amendment of our America West contract updates the agreement to more accurately reflect current
    operations and the direction of our relationship. America West has recently posted operating results that are among the best in the industry and we are pleased to play an important role in their success.�

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    • Auto---c'mon pards---(as Phil would say)---let's be real here. It is about pay and entitlement. Look at the shareholder value he has created. Look at the shareholder value pilots have created. One does good, one threatens good. He negotiated a loan in the worst of times, he took over the airline in the worst of times---and the ungrateful pilots are still employed. Look at earnings, look at the industry as a whole----pilots won't support him because they don't feel he has respected them (or has treated them how they deserve to be treated), so even in the face of the obvious---they continue to bash him and the company whenever possible.

      Not a lot of sympathy for the malcontent. Last I checked, we were not a socialist society or economy. We could work for whomever we wanted. Whoever, because they created or ran the company, was therefore capable of paying whatever they wanted.

      I have flown many, many times on RC's---any mostly on J.O.'s RC's. They are so bad that he has managed to drive his stock price from $2.00 to $12.00 (rounded estimates). He must be very bad at what he does as well?

    • So lets see here,,,,,

      Hospitals exist for doctors.

      Courts exist for lawyers.

      Universities exist for professors.

      Factories exist for industrialist.

      The list goes on and on according to your thinking.

      I don't reccognize your handle, but maybe you are not familiar with the incredible difference in compensation between AWA pilots(and all employees)and their peers at other airlines.

      All of the airlines you mentioned,they had managers didn't they?Did they do their job?
      Eastern, where my own father flew for 32 years was raped by Frank Lorenzo.At least some of CAL's current success comes from what he took from EAL and gave to CAL.A classic example of an owner playing two companies against each other.The scabs at CAL won out, and the rest is history.EAL pilots were never paid at the top of their industry.

      Pan Am and TWA were international airlines cast in the early days of the industry and never successfully transitioned into the deregulated environment after 1978.Their pilots were paid what international wide-body pilots made those days, the highest pay because of the highest productivity.

      The UAL pilots continue to take their medicine for a failed ESOP plan that was initiated by MANAGEMENT and bought into by the employee groups over there except the AFA.

      Do you want to talk pensions? Where are those responsible for the management of those employees funds, that are now such a great liability,after being adequately or even over funded only a few short years ago.

    • hooking for free,

      <<Let's face it, the airlines exist not for transportation, but because we, as members of this wonderful capitalistic based free, demand-driven economy, owe it to these overlooked, under appreciated pilots. At a minimum, we need to provide them a minimum income of $150,000 with a 32 wk work year. They deserve it and are entitled to it----even if it means it will destroy the company and any shareholder value that has been created. They are owed this compensation structure and should be paid even if it costs the company additional jobs and hurts the economy as a whole.>>

      <<If you question this, look at their operational track record---Eastern, Pan Am, TWA, now United----obviously, they know what is best for the company. Disregard the fact that 15,000 of them are projected to be unemployed at year's end----that doesn't matter. Pay them more, at any cost. Maybe we should pay them more, based on the fact they are so willing to provide operational insight in addition to their flying responsibilities>>

      Absolutely incredible! If you'll scroll back through the previous messages today, you will not find one single message about a pilot mentioning pay, or wanting to be paid more. Other than Iah's observation regarding pay vs growth, the subject hasn't even come up........so what's your deal?

      The employees are upset about the fact that our senior management would rather invest in the future of Mesa than it's own airline.

      <<My hat is off to Doug Parker and his team, as well as Jonathon Ohrnstein and his team. Congrats on doing whatever is possible to create shareholder value, while delivering a quality service.>>

      You obviously have never ridden on Mesa.

    • <<You seem to have a problem understanding the definition of "major airline" autobrake>>

      I think that ATA is considered a "major" and I know that Comair is........so?

      <<I would also note that there is almost a perfect inverse corrolation between pilot pay and growth -- the airlines that are growing the most pay their pilots the least.>>

      OK.......so? Sadly, every one of those other airlines, with the exception of Comair, pay more than AWA.

      Why do you think that is?

    • Let's face it, the airlines exist not for transportation, but because we, as members of this wonderful capitalistic based free, demand-driven economy, owe it to these overlooked, under appreciated pilots. At a minimum, we need to provide them a minimum income of $150,000 with a 32 wk work year. They deserve it and are entitled to it----even if it means it will destroy the company and any shareholder value that has been created. They are owed this compensation structure and should be paid even if it costs the company additional jobs and hurts the economy as a whole.

      If you question this, look at their operational track record---Eastern, Pan Am, TWA, now United----obviously, they know what is best for the company. Disregard the fact that 15,000 of them are projected to be unemployed at year's end----that doesn't matter. Pay them more, at any cost. Maybe we should pay them more, based on the fact they are so willing to provide operational insight in addition to their flying responsibilities.

      My hat is off to Doug Parker and his team, as well as Jonathon Ohrnstein and his team. Congrats on doing whatever is possible to create shareholder value, while delivering a quality service. I am thankful that other industries are not dominated by pilot mentality.

    • You seem to have a problem understanding the definition of "major airline" autobrake. You're not alone, of course. The NYTimes has a story tomorrow morning which matter-of-factly states that analyst "Baker said he expected only one major airline, Continental, to earn money in the third quarter."

      I would also note that there is almost a perfect inverse corrolation between pilot pay and growth -- the airlines that are growing the most pay their pilots the least. Why do you think that is?

    • That's it!!!!

      It's war, baby...

      STMFD

    • <<As a result of this transition, we expect that Mesa�s America West system available seat miles in fiscal 2004 will
      increase by approximately 35% and fiscal 2005 available seat miles will increase by approximately 60%.>>

      What do you say about this now, Iah? Tell me again how this is so good for the pilots, and all of that other crap!

      • 2 Replies to autobrakemax
      • <<What do you say about this now, Iah? Tell me again how this is so good for the pilots, and all of that other crap! >>

        Do you want a rational explanation, autobrake? He (IAHPHX) cannot give you a rational answer but he will certainly be happy to give you a lot of crap!

      • "What do you say about this now, Iah? Tell me again how this is so good for the pilots, and all of that other crap!"

        You should read the Mesa press release carefully, autobrake. If DP didn't sign this deal, RJ ASMs would have increased dramatically at AWA next year, leaving little or no opportunity for mainline expansion (they would have had to put the RJs somewhere) instead of the industry-leading 10% growth you will get.

        Again, is that what you want?

        BTW, I think Ornstein is overstating RJ growth at AWA next year. Perhaps by measuring it against the reduced levels of December? We know 10 planes are gone. How many RJ deliveries are scheduled?