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 ...

Subscribe to Access this Entire Article

"Pinnacle reports strong full-year 2006 earnings" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.