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Pinnacle Airlines Files for Chapter 11 Bankruptcy Protection
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) Más...Sort type: [Top] [Newest]
Glad I missed out on buying this stock.
don't tell me you invest in airlines! The CEOs say explicitly not to invest in airlines!
No, I learned my lesson with GOL. Too many variables with the airlines. Rising fuel costs, unfortunate crashes and the ever present unions.
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!
GREED - right on!!
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.
It's not cynicism; it's a flashback.