Pinnacle Airlines Corp. reported net income of $23.3 million for the first quarter ended March 31, which included an $11.3 million one-time gain related to the retirement of its note payable to Northwest Airlines. Excluding this item, net income totaled $12 million. This compares to net income of $8.1 million in the year-ago period. Total operating revenue rose 45.5% to $194.7 million while total operating expenses climbed 46.1% to $174.7 million. This produced operating income of $20.1 ...

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