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Pinnacle Airlines Files for Chapter 11 Bankruptcy Protection

12년 전 제출됨

MEMPHIS, Tenn., April 1, 2012—Pinnacle Airlines Corp. (NASDAQ: PNCL) today announced that the Company and its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York (the “Court”). Pinnacle intends to use the Chapter 11 process to continue implementing a comprehensive turnaround plan aimed at addressing its operational and financial challenges in a rapidly evolving regional… (www.pinnaclerestructuring.com) 기타...

Patrick Flannigan

25 멤버 코멘트

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Robert Curley 12년 전 3

Glad I missed out on buying this stock.

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FedExCargoPilot 12년 전 2

don't tell me you invest in airlines! The CEOs say explicitly not to invest in airlines!

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Robert Curley 12년 전 2

No, I learned my lesson with GOL. Too many variables with the airlines. Rising fuel costs, unfortunate crashes and the ever present unions.

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Pileits 12년 전 5

BUT the CEO and his other henchmen got a pay raise minutes before filing. That's business in America these days. What HAS America become, but the land of GREED caps intended!

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David Brooks 12년 전 3

GREED - right on!!

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Harry Gordon 12년 전 2

Gawd! A link to a press release. That's likely to be believable. What's the expectation? Screw the vendors. Screw the employees. Screw the public. Laugh all the way to the bank.

It's not cynicism; it's a flashback.

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Troy Raiteri 12년 전 2

This means...less CRJs at MEM?...:D

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Frank Albert 12년 전 1

Gawd I hope so...if we never fly through MEM again, it'll be too soon.

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preacher1 12년 전 1

Curious as to what happened. We have flown through there as pax for years with nothing but pleasant experience, having both same and terminal change connections. Very nice and fluid.
Airport's not bad if you're up front either.

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fred hutchings 12년 전 1

They probably filed 45 minutes late... That's how their last flight I took went...
And yes, I missed my connecting flight...

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Ryan Costello 12년 전 1

http://www.cbc.ca/news/business/story/2012/04/02/pinnacle-bankruptcy.html

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William Devine 12년 전 1

As one fmamous man with bad hair stated. Bankruptcy is a financial tool.

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Anthony Hansberger 12년 전 0

Obama should be saving airlines not solar power

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WALLACE24 12년 전 1

Save them from what? Themselves?

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sparkie624 12년 전 -1

As an employee of Pinnacle, I feel they have a strategy that is going to work out and Pinnacle will be back better and stronger than before.

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DashTrash 12년 전 4

What flavor was the Kool Aid?

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sparkie624 12년 전 1

No Tea.. I prefer Lipton Tea :) ... Amazing DashTrash should respond to me... I used to work on Dash Trash... The Dash 8's that is :)

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DashTrash 12년 전 1

I hope you're right, Sparkie. I've been through a couple of bankruptcies while flying the Trash. The common denominator is management ran the company into the ground and now wants your money to fix it. In return we'll give you lip service and raise our compensation because of the awesome job we're doing fixing the mess we made (I know previous mgmt caused the mess in the case).

Best of luck to you, Brother. I hope it turns out well.

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sparkie624 12년 전 1

Sounds like a familiar story... Who do you fly for USAir/Piedmont?

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DashTrash 12년 전 1

You got it.

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DashTrash 12년 전 1

Used to fly for them. I bailed for greener pastures which turned out to be filled with cow piles.

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sparkie624 12년 전 1

LOL, I did the same, now I am with Pinnacle in Maint Control. Working maint control on CRJ's now. We may have talked at Piedmont and never known it.

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Andy Bowland 12년 전 2

"Working maint control" does not help your "they have a strategy that is going to work out and Pinnacle will be back better and stronger than before" message.

Their strategy is to cut pay, cut insurance, cut anything they can...then give themselves a bonus.

Like dash said...management drove it into the ground and wants your money to fix it, and once it is fixed who gets a raise? Not you.

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Angel Garcia 12년 전 0

(Duplicate Squawk Submitted)

United Express partner parent files for bankruptcy

Pinnacle Airlines, parent of United Express partner Colgan Air, Inc., Sunday filed for bankruptcy protection. We are working with Colgan for an orderly wind down to transition its flying and ground handling for United Express and are working hard to accommodate our customers. We have contingency plans in place and will contact customers whose reservations may change as a result of the transition.

http://skynet.ual.com/

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kyle dunst 12년 전 0

(Duplicate Squawk Submitted)

Pinnacle Airlines files for Chapter 11 Bankruptcy

Regional carrier, Pinnacle Airlines, has announced that it will be filing for Chapter 11 Bankruptcy protection

http://www.thirtythousand.us/2012/04/02/pinnacle-airlines-files-for-chapter-11-bankruptcy/

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Pinnacle Airlines Files for Chapter 11 Bankruptcy Protection

25 멤버 코멘트

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