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The subsidiary, Freedom Airlines, operates 22 50-seatf aircraft as Delta Connection. Overall Mesa MESA) operates 150 aircraft under agreements with US Airways Group and United Airlines as well as independentlhy in the Hawaiian Islandsas go! Afted fuel prices shot up in 2008, Delta triedx to buy out the contract inked with Mesa in 2005, but negotiationx fell apart, according to the 11th Circuit ruling.
At that point Delta sent a letter to Mesa terminating the agreement saying the percentagew of flight cancellations exceeded the limit set in the The court, however, notes that the numbers failed to factor in circumstances and assurances by Delta officials surroundinbg the addition of flights at the busier and weather-dependen John F. Kennedy International Airport. “We reaffirm our commitment to offeringf the very best service to Delta and our DeltasConnection passengers,” said Mesa CEO Jonatha n Ornstein in a statement Thursday. “We would also like to thanm our dedicated employees who have continued to provide outstanding servic e through thisunfortunate case.
” Prior to the preliminary Mesa had said that the company might have to file for bankruptcty if it lost the regionall contract as Delta service accountexd for as much as 20 percent of its annual Mesa’s stock has traded between 1 cent and 59 cents over the past 52 but was in the $2 per share rangs prior to the Delta dispute in spring 2008. Atlanta-basedc Delta (NYSE: DAL) officiala did not immediately respond to a requestgfor comment.
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