Pinnacle Airlines reported a dramatic drop in full-year net income to $34.6 million, 55.5% lower than the $77.8 million reported in 2006. It cited changes in its air service agreement with Northwest Airlines along with costs related to training new pilots and introducing CRJ900s as causes. Revenue fell 4.5% to $787.4 million, expenses were up 5.5% to $735.3 million and operating income plunged 59.2 % to $52.1 million from $127.5 million. In addition to NWA, Pinnacle and its Colgan Air ...

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