Originally Posted by
MudPupppy
So in the last six months Colgan has cost PNCL 8.7 million in losses, with no end in sight. While the 15 Qs may reduce those losses the fact that the rest of Colgans flying is pro-rated with Colgan paying for fuel at $115 will not change anytime soon. Maybe a little less of a loss during the summer with increased loads but I expect major changes at Colgan later this year.
Where are you getting 8.7 million.. in the bold it says Colgan cost Pinnacle 4.2 mil and Pinnacle cost Pinnacle 4.5 mil. ("A series of weather and maintenance issues also forced it to cancel or run late on flights for Northwest Airlines, costing it as much as $4.5 million".. as you know Colgan doesnt operate any flights for NW so they are talkin about Pinnacle here)
so the loss of 8.7 was a combined effort of both airlines.