Mesaba guys know this all to well, your company is making money but the other half of your Holding company is losing money, therefore the "parent company" (Mair holdings) declares bankruptcy and gets to impose a contract on the company that was making money (mesaba). They then sell that company and the cycle starts all over again.
Big Sky did it to Mesaba and due to the fact that all Colgan seems to do is lose money, it seems that Pinnacle could be headed in the same direction. Pinnacle Airlines Inc. is a profitable company but if Colgan continues to lose 4 to 5 million a quarter, whos to say that Pinnacle Corp (the holding company for both) doesnt declare bankruptcy in a year or two, and then we go through the same crap that mesaba went through. That is why the arbitrators decision to force the company to meet with our union to merge colgan and pinnacle together is so important.

Any thoughts on this?

Disclaimer: this is not a rumour, no one at pinnacle has ever mentioned this ever happening, just something I believe could happen.