Wednesday, April 7, 2010 as of 11:14 AM ET
Pinnacle Airlines, Inc. (formerly Express Airlines I) is an American regional airline, which is a subsidiary of Pinnacle Airlines Corp., and operates as Delta Connection for Delta Air Lines, and is currently under chapter 11 reorganization.
Read More at Wikipedia ›Pinnacle Airlines Corp (NASDAQ:PNCL), parent of Pinnacle Airlines and Colgan Air, filed for bankruptcy protection, the latest victim of high fuel prices and dampened travel demand.
Memphis, Tennessee-based Pinnacle operates as various regional airlines - most notably Delta Connection - for bigger-name partners including Delta Air Lines (NYSE:DAL), United Airlines (NYSE:UAL) and US Airways (NYSE:LCC).Pinnacle, in a filing late on Sunday, said it would rework its contracts with Delta and end flying for United and US Airways. The company also wants to cut its labor and operating costs.The U.S. airline industry has been battered by soaring fuel costs and economic weakness that has drained travel demand. Regional carriers have felt the squeeze as their major partners cut back on flights to smaller cities."Quite simply, our current business model is not sustainable as increasing operating expenses, liquidity constraints, business integration delays and difficulties associated with combining o...
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Pinnacle Airlines Corp (NASDAQ:PNCL) filed for bankruptcy protection late on Sunday, as the U.S. regional airline fell victim to high fuel prices and dampened travel...
Shares of Pinnacle Airlines Corp. plunged more than 20% Thursday after the company said it was in trouble and needed to make deals with its partner airlines, credito...
Hit by winter storms, cancellations and labor costs, Pinnacle Airlines (NASDAQ:PNCL) said on Thursday that it swung to a loss in the fourth quarter over a year ago p...
Major U.S. airlines seemed to shrug off Monday the first East Coast blizzard of the season that pummeled many states and left thousands of travelers stranded in airp...
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