Pinnacle Airlines reported second-quarter net income of $7.7 million, down 35.3% from $11.9 million in the year-ago quarter, a drop it attributed mostly to a $4.1 million nonoperating loss associated with the sale of the remainder of its unsecured claim against Northwest Airlines. The Memphis-based regional's revenue decreased 1.7% to $201 million as expenses rose 0.6% to $186.2 million, producing operating income of $14.8 million, a 24.1% decline from $19.5 million in the year-ago period. ...

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