Archive for October, 2009

Mesa Announces Termination of Turboprop Aircraft Service

PHOENIX, Oct. 29 /PRNewswire-FirstCall/ — MESA AIR GROUP, INC. (Nasdaq: MESA) today announced that United Airlines has exercised its early termination rights for Mesa’s operation of 10 Dash-8 turboprop aircraft under Mesa’s code-share agreement with United Airlines. Mesa plans to work with United Airlines on an orderly transition plan, but, in any event, the date of exit from service is expected to be no later than April 30, 2010.

See the Company’s disclosure in its Form 10-Q for the quarterly period ended June 30, 2009 for a complete discussion of the Company’s agreement with United.

“We face a challenging period during the next few quarters and will strive to mitigate the impact of the termination of aircraft under our code-share agreement with United Airlines. The lease terms covering four of these aircraft expire on April 30, 2010, the remaining six aircraft have lease terms beyond April 30, 2010. We are exploring a number of opportunities for the remaining six aircraft including other codeshare opportunities, our independent operations or subleasing the aircraft to other operators,” said Mesa Chairman and CEO, Jonathan Ornstein.

For more information regarding these matters, please see the Company’s quarterly report filed with the SEC on August 10, 2009.

This press release contains various forward-looking statements that are based on management’s beliefs, as well as assumptions made by and information currently available to management. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, projected or expected. Mesa currently operates 136 aircraft with approximately 800 daily system departures to 126 cities, 40 states, the District of Columbia, Canada, and Mexico. Mesa operates as Delta Connection, US Airways Express and United Express under contractual agreements with Delta Air Lines, US Airways and United Airlines, respectively, and independently as Mesa Airlines and go!. In June 2006 Mesa launched inter-island Hawaiian service as go!. This operation links Honolulu to the neighbor island airports of Hilo, Kahului, Kona and Lihue. The Company, founded by Larry and Janie Risley in New Mexico in 1982, has approximately 3,700 employees.

Mesa Website: www.mesa-air.com

SOURCE Mesa Air Group, Inc.

Brian Gillman, Exec. VP & General Counsel of Mesa Air Group, Inc.,
+1-602-685-4052, brian.gillman@mesa-air.com

Resistance points

C – Citigroup Inc. has serveral resistance points in the short term (60 day approx); 4.10ish as a bottom, in my opinion 4.10-4.15 as an entry point if your patient, 4.20+ if your not. A ceiling of $4.80 (modestly). Short interest appears to be up 52% from the last 15 days, that can be seen here.

Beacon Power Corp. is an interesting little stock, its main resistance point is around $0.67 for those of us that do consistent trades (and in some cases let automated trading take over). It has a pretty solid float between $0.67 and $0.70, however does spike above there at times.

Mesa Air Group, Inc. has 2 major resistance points. $0.205 and $0.24ish. While today’s after hours news came as quite a disappointment to some of us, this will just change up the resistance points a bit. The initial resistance point was for the late summer, subsequently after a small increase in its value, it went up a little bit.

BCON

Well in the past my luck with BCON has not been too bad, I usually buy in around $0.66 – $0.67 and sell around $0.70+, I bought in again yesterday at $0.6702, lets see if this goes well. As of now the 50 day moving average is showing at just under $0.70 on stockcharts.com

FNM – Losses

Well after being overseas and not 100% paying attention to the market, I made a good loss on FNM, however I did make up for it in part, but overall Im still down around 20 cents a share for a full recovery. I have been day trading it and so far it hasn’t been too bad, I’m looking to possibly rebuy if it goes below $1.06 again. Time to get back on track again.

Back in the states

Well, looks like my travel has brought me back to the states to square away some things and get certified to make it easier to find a job. Im currently going for Security+. Should be done with the book in a few days and then its off to take the exam. After a good review to make sure I pass the first time.

Linux – Cat command

Heres a nice something some of you may find useful:

root@sat1 [/usr/local/apache/domlogs/ommited]# cat ommitedsite.com | awk ‘{print $1}’ | cut -d: -f1 | sort | uniq -c | sort -n
root@sat1 [/usr/local/apache/domlogs/ommited]#

Basically says how many times the ip has hit your site:

182 81.82.240.15
192 202.28.180.202
203 188.220.62.52
204 41.223.251.18
225 81.27.128.142
228 124.157.129.20

Looks good in terminal, usually I use it for checking if a box of mine is getting flooded or if theres simply getting too much traffic. That command looks like this:

netstat -ntu | awk ‘{print $5}’ | cut -d: -f1 | sort | uniq -c | sort -n

Obviously if your getting too much and want to analyse the outpout in a text file, append > output.txt, and use vi, or nano to look into it.

netstat -ntu | awk ‘{print $5}’ | cut -d: -f1 | sort | uniq -c | sort -n > output.txt

Hope this helps some of you.