Negative. We still get the travel bennies, free domestic flights, unlimited first/bus/coach. Free international outbound on first/bus/coach, and free inbound except gotta pay taxes (airline can't help that). Pilot, wife or domestic partner, kids, and your parents are covered.
The Pinnacle sucky is that our international flights across the Oceans are limited to 6 travel days. If you cross the Atlantic or Pacific, they deduct that. You're good for 3 roundtrips basically to Asia/Europe/Australia/Africa. Caribbeans and South America are not included in that restriction becaues they are not transoceanic.
The other thing that sucks is our priority for Pinnacle. It's S3C, and we are below Delta active (S3) and retirees (S3B) on mainline flights. Once you go above your 6 transoceanic travel day allotment, you can still fly across the pond but then you an extra service charge (like 150 bucks) but the worse thing is your status changes to S4 on day of travel, which puts you at the same place as buddy pass riders at the BOTTOM of all buddy riders.
Correct on no buddy passes. Non-wholly owned Delta Connection carriers do not get them (except Skywest/ASA have the different better travel bennies package). Parents get benefits, but S4 status (like a buddy pass rider) and they pay yield fares (depends on lenght of flight).