Special charges were the key contributor to Pinnacle Airlines Corp.'s $4.9 million loss in 2008, a reversal from a $34.6 million profit in the prior year. While 2009 will be remembered for last month's fatal Colgan Air Q400 crash outside Buffalo (ATWOnline, Feb. 20), 2008 saw Pinnacle remain profitable on an operating level but succumb to nonoperating expenses that included $25.8 million in interest payments associated with new aircraft and a $16.8 million charge related to the impairment of ...

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