Pinnacle Airlines reported net income of $77.8 million for full-year 2006, widened from $25.7 million in the prior year despite a 2% drop in revenue to $824.6 million. Expenses decreased 14.4% to $697.1 million, leading to an operating income of $127.5 million, significantly above the $26.9 million in 2005 when the carrier was hit hard by the bankruptcy filing of codeshare partner Northwest Airlines. Pinnacle in January sold $335 million of its unsecured claim against NWA for net proceeds of ...

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