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Old 03-10-2011 | 05:33 PM
  #209  
spank
Gets Weekends Off
 
Joined: Sep 2008
Posts: 153
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From: Former XJ, Corporate HS-125
Default From Pinnacle Corp's 4th quarter financials..

"Mesaba Aviation, Inc. ("Mesaba"), which the Company acquired on July 1, 2010, achieved operating income of $3.8 million and $6.8 million for the three and twelve months ended December 31, 2010, respectively. After taking into account interest expense on a $63.3 million note issued as part of the acquisition, Mesaba's financial results have been accretive to the Company's consolidated net income and EPS. In addition, the Company's operating cash flows were improved by approximately $23 million during 2010 due to the acquisition of Mesaba."

Sounds like XJ's doing a pretty decent job of paying 9E's "loan" to Delta off. Delta essentially gave XJ to Pinnacle. I'm happy XJ's profits are no longer going directly into RA and Delta's back pocket and will be kept in house to hopefully benefit all of us at PINNACLE CORP. This should also lay the argument, "9e saved XJ by buying them from Delta", to rest...at least until next quarter's financial reports are released
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