I'd say I can't wait for December 31st to come and go so that Shy can eat his words, but I'm sure he'll pull a move like that Pastor Harold Camping that predicted the world would end on May 21, 2011, only when it didn't he said that his "calculations" were off and gave a new date that didn't pan out. So what's your excuse gonna be when December 31st passes and we're still chugging along, huh? We're all DYING to hear it!

FYP. Dang youngsters. :D

Shyte Guy where did u go?

Bankruptcy is always possible, never count it out. I'm not saying I'm drinking the koolaid, but you're not making any sense. What are they going to get from us? Pinnacle Corp has assets and plenty of investments that would satisfy certain debts. What makes you think we would go bankrupt just because of debt? I don't think its the creditors that don't want us going bankrupt, its Daddy-D. They hold the leases for our aircraft and pay for our kerosene. There is no regional airline, albeit whats left of COMair, that could pick up our flying and Delta would be left with a huge wad of poo on their balance sheet. The other people in this forum have it right. Talk to anyone who spends any time at Nonconnah or Beale St., whatever it is now and the feelings are the same. Menke hasn't been able to unfunk this airline by a long shot. Training is a nightmare and is what will be the eventual downfall of this company. Sending 3-5 year employees back through initial? Someone was given this as their first assignment and completely pooped the bed. I'm not starting anything back up, but the Bloch award, that 18 page 11-09 fiasco will be what bankrupts this company. Nearly 39% +/- a few % of the already established workforce is moving and requiring training, add to that PC's and Lofts and you have a giant Charlie Foxtrot, topped with a train wreck and a healthy side of Lindsey Lohan drama. I hate to say it, ShyGuy is lacking sources, but I wouldn't be surprised. Bloch may have single handedly, unintentionally ruined any chance this airilne had of getting out of the crapper. Training will be what brings this aft heavy tri-motor spinning into the ground.

Funny and very true. I think the main point of AirS. was that 9E doesn't fit the mold for a typical airline bankruptcy candidate. They have nothing to liquidate, very few plane leases to get out of and no pensions or contracts to gut (besides maybe the corporate building lease but the move is already done). On the other side of a bankruptcy Pinnacle would still be Pinnacle with the same problems they have today, maybe they will just liquidate and shut the doors.

This is stupid ! Shy did the same thing on the other message board. He doesn't know crap. This entire thread is worthless.

Agreed....

I wonder if binding arbitration is something that can be evaluated in chapter 11 restructuring. If so, you may be on to something here.

Is this what you were referring to?

LOOK OUT HERE COMES DUAL QUAL!!!!

THEN F-BOMB

Reduces overhead...

MEMPHIS, Tenn. , Dec. 8, 2011 /PRNewswire/ -- Pinnacle Airlines Corp. (NASDAQ: PNCL - News) announced today that it has commenced a comprehensive program to reduce short- and long-term costs and enhance liquidity.
(Logo: http://photos.prnewswire.com/prnh/20110112/CL29411LOGO )
Planned initiatives include seeking modifications to the company's agreements with its mainline airline partners, equipment lessors, debt holders, real property lessors and vendors. The company will also seek to work with its pilots and other employees (both union and non-union) to reduce labor costs. As part of its efforts, the company will examine and further rationalize its business lines, organizational structure and executive and director level functions.
Pinnacle Airlines Corp. has engaged the services of Seabury Group LLC's consulting division, Barclays Capital, and the law firm of Davis Polk & Wardwell LLP to assist with these efforts.
"Pinnacle Airlines Corp. is facing a convergence of events that, if left unaddressed, will make 2012 an extremely challenging year," said Sean Menke , the company's President and Chief Executive Officer. "We have a great deal of hard work ahead of us, but these efforts are necessary to ensure we can operate as a profitable business for our shareholders, mainline flying partners, employees and other stakeholders."
About Pinnacle Airlines Corp.
Pinnacle Airlines Corp. (NASDAQ: PNCL - News), a $1 billion airline holding company with 7,800 employees, is the parent company of Pinnacle Airlines, Inc.; Mesaba Aviation, Inc.; and Colgan Air, Inc. Flying as Delta Connection, United Express and US Airways Express, Pinnacle Airlines Corp. operating subsidiaries operate 199 regional jets and 80 turboprops on more than 1,540 daily flights to 188 cities and towns in the United States , Canada , Mexico and Belize . Corporate offices are located in Memphis, Tenn. , and hub operations are located at 11 major U.S. airports. Visit www.pncl.com for more information.
This press release contains various forward-looking statements based on management's beliefs, as well as assumptions made by and information currently available to management. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions, including those set forth in our filings with the Securities and Exchange Commission, which are available to investors at our web site or online from the Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove erroneous, actual results may vary materially from results that were anticipated or projected. The Company does not intend to update these forward-looking statements before its next required filing with the Securities and Exchange Commission.
Media Contact: Joe Williams (901-346-6162 / [email protected])
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