Growth and pilot contract hit Pinnacle earnings

Pinnacle began its conference call announcing that the pilots at its three operating subsidiaries have ratified a unified contract that is expected to raise costs but allow a smoother transition as the company integrates Mesaba into its operation. However, those costs will be offset by one-time adjustments and rate increases that were part of its acquisition contract with Delta which will begin in Spring 2012. [2280 words]

CAPA Members Login Username: Password: Remember details

Instantly get access to this article now for USD15.00. or If you've already bought this article, you can view it by typing your Article Key:

This report contains the following subheadings:

• 2011 expectations
• Fourth quarter
• Year-end 2010
• Subsidiary statistics