Pinnacoloba bankruptcy this week

[Ridgeback]

Yup you heard it here first...

Time to short the stock

 

[altimaklr]

stupid

 

[CoATP]

NOt while the stock is at $2.00. Wait for it to go below .80 and then start doom and gloom. Nabobs of Wall Street know much more than Nabobs of FI.

 

[i fly boxes]

But I thought we were going to buy jetblue?

 

[Stifler's Mom]

Yup you heard it here first...

Time to short the stock

More stock advice from FI. Hope yours turns out better than all the people that piled into AMR last month when it dipped down to $2.00 a share. That didn't turn out so well for many.

Just for fun, PNCL closed at $2.00 yesterday. Good luck.

 

[RJLoser]

Care to make a wager?

 

[Smarta$$]

If it were true, it would be entirely based on Trenary and his idiots legacy. YOU WOULD NOT BELIEVE HOW MANY PINNACLE PILOTS RAVED ABOUT HOW SMART AND SUCCESSFUL A BUSINESS MAN TRENARY WAS. I tried for years to tell them otherwise, but they couldn't be convinced that he didn't have a clue what he was doing.

Classically, those pilots will deny it now... See the posts that follow, filled with denials.

 

[mesaba13]

How can the only regional with a cost Plus % profit be filing bankrupcty? Especially before Daddy D reimburses us for the one time training cost.

 

[Inconceivable]

Facts:

TW meeting with SM.
Closed door meeting with the entire MEC and SM tomorrow.
Closed door meeting of the MEC alone after that meeting.
Next day is the end of the week - the standard day for pronouncements.
Only one week left in the year for (legal and financial) business.

Hotel changes due to unpaid invoices.
Corporate vendor changes.
Expenses due to move and training not yet realized.
DL desire to further reduce 50 seat fleet.
Extensive pre-merger liabilities and "commitments"

 

[altimaklr]

PNCL lost $3.5M this quarter but will be getting a big refund from DAL in Q2-2012 for the bulk of those costs. +$70M cash in the bank. Still a long way from Ch11. Corporate meeting with the MEC is nothing new, there are a lot of small details that need to be worked out. Hotels are paid via a third party vendor, switching hotels wouldn't make any difference unless they want to get rid of API (that's not happening).

 

[bri5150]

I have had about 11 jobs throughout my life. All but 3 have either shut down, been sold off, store closed, or bankruptcy. I am glad to bring my good luck to 9E. Heck, 2 days before my wedding, Mesaba declared bankruptcy, and the day we got back from our honeymoon I lost my other 2 jobs.

As far as our bankruptcy this time...I'll believe it when I see it. By declaring it opens our 200 ASA which would be more of a problem than paying our bills at this point.

 

[bri5150]

Talked with union rep, and he is at meetings but nothing secret about them. They were planned a while back.

 

[RJLoser]

Facts:

TW meeting with SM.
Closed door meeting with the entire MEC and SM tomorrow.
Closed door meeting of the MEC alone after that meeting.
Next day is the end of the week - the standard day for pronouncements.
Only one week left in the year for (legal and financial) business.

Hotel changes due to unpaid invoices.
Corporate vendor changes.
Expenses due to move and training not yet realized.
DL desire to further reduce 50 seat fleet.
Extensive pre-merger liabilities and "commitments"

Q400 flying out of DEN.

 

[suupah]

Q400 flying out of DEN.

you know this is coming. They are super stupid redonkulouslly over staffing IAH with Q pilots. IAH is becoming a bullpen. Dunno if Denver(though seems teh most likely) but there will be more Q flying soon.

I wouldn't be too too surprised if they kept it based in IAH but operated out of denver.

 

[gator_hater]

I have no dog in this fight but, You can have $$ owed to you and still be bankrupt if your creditors won't wait to get paid. See Frontier as a recent example.