Pinnacle Airlines Corp., the Memphis-based parent of regionals Pinnacle Airlines, Colgan Air and Mesaba Aviation, reported net income of $12.8 million in 2010, down 69.5% from a $41.9 million profit in 2009. A $4.3 million loss in the December 2010 quarter driven by severe winter weather, reversed from a $5.6 million profit in the 2009 fourth quarter, closed out a busy year in which the company expanded through acquisition. It said the financial results of Mesaba, which it acquired from ...

Subscribe to Access this Entire Article

"Pinnacle's 2010 profit falls 70% as winter storms lead to fourth-quarter loss" 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.