Pinnacle Files for Bankruptcy

[IbeFlyenhye]

Pinnacle Bankruptsy

MEC suggests pilots strap in for an almost certain Bankruptsy filing in early April by 9E.

 

[CoATP]

Did your spelling come from their "announcement" as well?

 

[silver02ex]

Where are you getting this info?

 

[suupah]

Did your spelling come from their "announcement" as well?

you meant "announSement" I presume

 

[Poahi]

Wow, 52 week low of $.72 per share. I remember when the IPO went out at over $13/share. It hit almost $20 in 2007.

 

[IbeFlyenhye]

Info source - MEC visit during recurrent training today.

 

[xjhawk]

now I think many of us were saying this was always in the cards. come 2014 Pinnacle will either be a owned entity of Delta flying what ever the Delta pilots give up or Pinnacle will be minus United Q contract, no Saabs, and about missing about 100 crj 200's. Oh what the heck, maybe somewhere in-between. lol

 

[1.3XVso]

All the company koolaid and the Union got PANTS by uncle phil ! HAHAHHA

 

[resetjet]

now I think many of us were saying this was always in the cards. come 2014 Pinnacle will either be a owned entity of Delta flying what ever the Delta pilots give up or Pinnacle will be minus United Q contract, no Saabs, and about missing about 100 crj 200's. Oh what the heck, maybe somewhere in-between. lol

I'm pretty sure Delta will never want to own a regional ever again. They seem to have too much fun doing the "shuffle". They seem to like it that way.

 

[Data]

now I think many of us were saying this was always in the cards. come 2014 Pinnacle will either be a owned entity of Delta flying what ever the Delta pilots give up or Pinnacle will be minus United Q contract, no Saabs, and about missing about 100 crj 200's. Oh what the heck, maybe somewhere in-between. lol

You're too old to be using 'lol', you're still using double spaces.

 

[Clutch]

Is this a result of bidding for flying below cost?

 

[amcnd]

They can thank the "Delta rate reset".. Basicly Delta letting each of the regionals undercut each other.. It's the best ponzi scheme yet... Atleast for Delta..

 

[BrickTop]

It just FLOORS me that pilots tout their own brilliance and boast their self-entitled worth of $100,000+ salaries, yet so many are nearly illiterate with with elementary level spelling and grammar.

 

[Data]

It just FLOORS me that pilots tout their own brilliance and boast their self-entitled worth of $100,000+ salaries, yet so many are nearly illiterate with with elementary level spelling and grammar.

I hear hear what you're saying.

 

[WIPilot]

It just FLOORS me that pilots tout their own brilliance and boast their self-entitled worth of $100,000+ salaries, yet so many are nearly illiterate with with elementary level spelling and grammar.

we are nothing more than factory workers.

 

[RJLoser]

Yes.. we have to axe ourselves what we are doing in this profession.

 

[e=mc2]

Answer: To Lazy to get a Real Job!

 

[www.]

I'm pretty sure Delta will never want to own a regional ever again. They seem to have too much fun doing the "shuffle". They seem to like it that way.

Hmmmm. Sell them off for good money, cut their fee, let them strip their contracts, (lowers the costs) then buy them back at bargain prices. Oh yeah, they won't have to pay the % override any more meaning more profit to the bottom line. Time frame....3 to 5 years.

 

[redflyer65]

Sounds similiar to what happened with the Mesaba shamruptcy and then Northwest buying them afterwards for pennies on the dollar. Then, step three is to pump them back up and sell them off for a huge profit.

Shouldn't that be illegal?

 

[Ridgeback]

Sounds similiar to what happened with the Mesaba shamruptcy and then Northwest buying them afterwards for pennies on the dollar. Then, step three is to pump them back up and sell them off for a huge profit.

Shouldn't that be illegal?

I'm not sure that "selling them off for a huge profit" works anymore. Delta is still waiting on the billion dollar plus buyer for com air to make any money. I also wonder how much Delta made on the 60 million dollar sale of Mesaba. I think the Compass and Mesaba sale were really about getting ride of the flows and distancing themselves from the liability regional airlines have. Think Buffalo.