Transport Airlines

Pinnacle Airlines makes reorganization progress but loses $10 million in November

Excerpt from Memphis Business Journal

Dec 26, 2012 1:39 am

Skift Take

Pinnacle Airlines may emerge from bankruptcy early in 2013 now that it is making progress in its labor relations.

— Dennis Schaal

Discover the Top Travel Brands on Social Media

Pinnacle Airlines Corp. lost $9.9 million in November as it tries to works its way out of chapter 11 bankruptcy.

In its monthly operating report for November, the Memphis-based airline holding company reported $57.2 million in operating revenue from regional airline services in November.

Stacked against $62.3 million operating expenses and various tax and reorganization charges, the company reported a net loss of $9.9 million for the month.

Read the Complete Story →

Tags: ,

Next Up

More on Skift

How Pharrell’s ‘Happy’ Is Spawning Amazing Travel Videos From Around the Globe
Best Travel Ads This Week: A Course in Creativity
How Tech Changes Everything: Sabre Employees Live Tweeting Their IPO With Its Own Hashtag
Top 3 Destination ‘Must Haves’ for Chinese Travelers

We're the Moneyball of the Travel Industry

We know what's coming next in travel. Subscribe to the newsletter and get all the goodness in your inbox daily.