go! Hawaii's Low Fare Airline Reports November 2008 Traffic

go! today reported preliminary passenger traffic figures for November 2008 and noted it achieved 55,591 passenger enplanements, a 1.27% increase over the 54,895 passengers carried in the prior November. Last month go! generated 12.74 million available seat miles and 8.14 million revenue passenger miles versus 11.25 million available seat miles and 7.93 million revenue passenger miles in November 2007. go!'s load factor for November 2008 was 63.86%, compared to 70.43% for the same period in 2007 while it recorded an on-time performance rate of 81.93%.

                  November Results       Nov-08    Nov-07    Change
                                         ------    ------    ------
                  RPM (000)               8,138     7,927     2.67%
                  ASM (000)              12,744    11,254    13.24%
                  Passengers Carried     55,591    54,895     1.27%
                  Load Factor            63.86%    70.43%  (6.6) pt

                  Year-to-date Results   YTD 08    YTD 07    Change
                                         ------    ------    ------
                  RPM (000)             107,413    91,758    17.06%
                  ASM (000)             158,664   136,371    16.35%
                  Passengers Carried    737,674   640,114    15.24%
                  Load Factor            67.70%    67.29%    0.4 pt

"We are encouraged by the increase in passengers we experienced year over year in spite of the current economic downturn. We are very appreciative of the support of our passengers through these difficult times," said Mesa Air Group Chairman and CEO Jonathan Ornstein. "Advance bookings remain above last year's numbers and our recent settlement of our lawsuit with Aloha has given us another reason to be optimistic. The settlement resolves all claims made by Aloha Airlines and permits us to focus on our longstanding objectives of providing the best service and the lowest fares to the people of Hawaii. As part of the agreement to license the Aloha name, Mesa will offer significant travel benefits to the former employees of Aloha Airlines. Each former Aloha employee will receive six space available roundtrip passes per year. At today's ticket prices this benefit is worth approximately $2 million a year and $20 million over the life of the licensing agreement. In addition we have recently signed a new ground handling contract worth approximately $6 million a year with Pacific Air Cargo, new owner of Aloha Contract Services, formerly a division of Aloha Airlines." Mr. Ornstein added.

"The word 'Aloha' uniquely represents Hawaii throughout the world and by promoting it internationally we will add valuable support for inbound tourism, the economic lifeblood of Hawaii," said Paul Skellon, VP. "Aloha is a name dear to all of us and we at go! would love to see it as a symbol of great service, the lowest fares and affordable inter-island travel for everyone."