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

- 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

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.