Pinnacle Airlines reported net income for the first quarter of $9.3 million, a 29.5% drop from the year-ago period, on operating revenue of $179.6 million, down 13% from the first three months of 2006. Expenses dipped 10% to $166.7 million while operating income fell 40% to $12.8 million. Pinnacle officials attributed the differences primarily to changes in the carrier's service agreement with partner Northwest Airlines (ATWOnline, Dec. 25, 2006). The first quarter was eventful for the ...

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