Pinnacle Airlines Corp. reported a second-quarter net loss of $11.4 million, a reversal from the $7.6 million profit reported in the year-ago quarter, on a 10% lift in operating revenue to $221.2 million. Special charges related to the valuation of its auction rate securities and impairment due to "unprecedented high fuel costs" affected net income for the quarter, the regional said. Excluding those charges, it reported a $5.4 million profit compared to the year-ago period's $10.3 million ...

Subscribe to Access this Entire Article

"Special charges sink Pinnacle" 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.