Pinnacle Airlines makes reorganization progress but loses $10 million in November
Pinnacle Airlines may emerge from bankruptcy early in 2013 now that it is making progress in its labor relations.
Excerpt from Memphis Business Journal
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.