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The subsidiary, Freedom Airlines, operates 22 50-seat aircraft as Delta Connection. Overall Mesa (NASDAQ: MESA) operatese 150 aircraft under agreementswith Delta, US Airways Group and Unitefd Airlines as well as independently in the Hawaiian Islands as go! Aftef fuel prices shot up in 2008, Delta tried to buy out the contracty inked with Mesa in 2005, but negotiations fell according to the 11th Circuit ruling.
At that pointg Delta sent a letter to Mesa terminating the agreement saying the percentaged of flight cancellations exceeded the limit set in the The court, however, notes that the numbers failed to factoer in circumstances and assurances by Deltw officials surrounding the addition of flights at the busied and weather-dependent John F. Kennedy Internationap Airport. “We reaffirm our commitment to offerintg the very best service to Delta and our DeltqConnection passengers,” said Mesa CEO Jonathan Ornsteinn in a statement Thursday. “Wwe would also like to thank our dedicatedf employees who have continued to provide outstandingg service through thisunfortunate case.
” Prio r to the preliminary injunction, Mesa had said that the company might have to file for bankruptcy if it lost the regionall contract as Delta service accountec for as much as 20 percent of its annualk revenue. Atlanta-based Delta (NYSE: DAL) officials did not immediately respondx to a request for Delta operates a hub atthe Cincinnati/Northern Kentucky International Airport.
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