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$68.2M loss for Mesa Air

Go! parent blames $80 million legal award for worst quarter

By: Rick Daysog

Reeling from an $80 million legal judgment, the parent of interisland carrier go! reported the largest quarterly loss in its history.

Mesa Air Group, which kicked off the interisland fare war when it launched go! in June 2006, said yesterday that it lost a total of $68.2 million, or $2.37 per share, during the three months that ended Sept. 30, 2007.

The loss compares with a net profit of $4.8 million, or 12 cents per share in the year-earlier quarter.

The rest of the article can be found at Honolulu Advertiser by clicking here 

This entry was posted on Wednesday, January 16th, 2008 at 8:34 am and is filed under Business in Hawaii. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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