Mesa Airlines On The Brink

If you have 51 cents in your pocket, you could buy half a cup of coffee. Or a share of Mesa Airlines. I’d recommend the coffee.

The 51-cent price represents a bit of a rebound. It came after Mesa filed for an injunction against Delta Air Lines — and announced that it would file for bankruptcy protection July 20 if Delta prevails in its attempt to cancel a contract with Mesa.

Yes, that’s what passes for good news in the airline industry right now.



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