Just to play Devil's Advocate (a role I feel myself being drug into on these boards regarding this matter)-- Funny how the above mentioned analyst only began following Pinnacle the day he released this article.

The company is obviously waging a PR campaign to spread fear amongst the pilots and at Daddy Delta. If they can successfully get training and pay concessions from the pilots, and if they can successfully get things squared away with Delta, their "house is burning down" campaign will have paid off.

On another note--do you guys honestly think the consultants they hired to develop BK/liquidity improvement plans are going to finish their work before Xmas, get a bankruptcy filing in, and enter Chapter 11 before New Year's? I highly doubt it--that's a pretty tight timeline, even for a mid-sized company.

My best guess: if they do declare BK, it won't be until March at the earliest, if at all.

At the end of the day, we owe all of this to our collective greed as a society--many of us Americans have shot ourselves in the foot looking out for the guy in the mirror so many times via concessions, voting for candidates based on what's best for us and not the whole country, and buying so much crap we don't need that we force ourselves into working for employers we would've otherwise walked away from years ago.

Either way...good luck to all of us whatever happens...