"Pinnacle Airlines will be the focus of the U.S. regional airline industry in 2013. Operating under Chapter 11 bankruptcy protection since April 2012, Pinnacle's reorganization will have a major bearing on the future of rivals SkyWest Inc. and Republic Airways, which are both anticipating a sharp reduction in Pinnacle's operations. It is likely that Pinnacle will bear the brunt of partner Delta Air Lines' planned cuts in regional jet requirements, and the carrier has already shed its contracts with other major airlines. There may still be a future for Pinnacle if its pilots agree to an extensive concessions package, although the likelihood is that the carrier will become another victim of consolidation."

Published December 17, 2012 which means it was written in late Nov or earlier Dec before the TA was published, announcements about flow were made and the possibility of Delta owning Pinnacle was made public. This situation unfolds by the hour.