Why are they trying to hide?
Mesa Requests Q3 Confidentiality
Mesa Airlines requested the Department of Transportation, Bureau of Transportation Statistics maintain confidentiality for its third quarter 2008 financial report, according to the third quarter report issued yesterday. In the meantime, the top three operating profit margins were reported by regional carriers Comair, SkyWest Airlines and Atlantic Southeast Airlines. Network carriers US Airways and United Airlines and low-cost carrier AirTran Airways reported the worst operating loss margins. The six largest network airlines, as a group, reported an operating loss margin of 5.8 percent in the third quarter of 2008, the fourth consecutive quarterly loss margin since the group reported a profit margin in the third quarter of 2007. The last time it reported out its quarterly financials was for its second quarter when it posted a pro forma net loss for the second quarter of $4.1 million or $0.15 per diluted share and announced the sale of Kunpeng Airlines. Related Story It did earn an after tax profit of $17.5 million from continuing operations on operating revenues of $320.3 million. The profit represents $20 million swing from the $22.6 million loss posted in the year-ago period, and comes at a time when it has experienced several blows, including Delta's termination of subsidiary Freedom Airlines 50-seat flying for which Mesa gained a temporary injunction to forestall bankruptcy. For a complete report see the next issue of Regional Aviation News.