Mesa expects fiscal 2007 loss
Mesa Air Group Inc., the parent of interisland carrier go!, said today
it expects to report a loss for the fiscal year that ended in
The earnings release will be delayed pending a review of "certain
estimates," Phoenix-based Mesa said in a filing with the Securities
and Exchange Commission. The airline fired Chief Financial Officer
George "Peter" Murnane last month and named William Hoke as interim
CFO after a probe into possible misconduct.
Yesterday, Mesa lost its bid for a new trial in a federal lawsuit
filed by Hawaiian Airlines. Mesa, which posted a $90 million bond and
is appealing the case to U.S. District Court, was accused by Hawaiian
of using confidential information obtained as a potential investor
during Hawaiian's bankruptcy to gain an unfair competitive advantage
in entering the Hawaii market in June 2006.