PinnaColaba Bankruptcy soon
 

Time to short the stock!

Expect some news before the month (year) ends!

What info lead you to publish that short yet disturbing post?

Doom and gloom. yawn.

Sadly it's all pointing to that direction. Management is triple fat with positions, still! Flights crews are being poorly utilized. Training footprints are pitiful. Seriously, no WILO, no 900 initial at 9E? Memphis as the headquarters, great job Phil let's see if this gets you the mayoral election. My dream, streamline, one airline not two. Cut down on management. Better customer service training for everyone. Lol black over coats. iPads. Alas we'll as find it at our next job.

Shy guy always posts stupid crap

Doubtful. They have cash in the bank. It is out of the pilots hands so why worry about it.

I'm not saying Pinnacle is on the brink of bankruptcy; I have no idea what is going on there. Cash in the bank, however, is not an indicator of a company's cash flow, nor does it determine whether or not a company will file for BK. Companies need cash to get through BK successfully. American had $4B in the bank when they declared.

maybe, maybe not. who are we declaring bankruptcy from? we don't own 90% of our planes. we are pretty much a pilot staffing company. there is nothing to get from us if we declare bankruptcy. we own a few planes, some tugs, and few computers and chairs at the headquarters. that's it. menke has been here just a few months. not nearly long enough for a golden parachute. same with his buddies who packed up there families and moved to Memphis. even if we did declare bankruptcy i don't see things changing for the average Joe here. its not like we have an industry leading contract for them to gut or billion dollar pensions. so i wouldn't worry about this. i don't think we will declare bankruptcy. enjoy your holidays and don't sweat what you cant do anything about.

the return of Chicken Little......man these new copays for your anti-depressants must be burning a hole in your wallet....:rolleyes:

Very true, bankruptcy doesn't seem like an option (despite the terrible problems here), are they going to cut FO salaries from 29,000 to 27,000? Flight Attendant salaries from 22,000 to 21,000?

This isn't going to happen... more flame bait.. mods please delete...

Its really going to come down to leaning out company positions and management. I can't believe how many positions this company has. Restructure the company Squoia redwood tree into a small apple tree.

Our creditors.

yes but what are they going to get from us? or creditors should bend over backwards to help us not declare bankruptcy. if we declare and go under there is 0% chance they will get any of their money back. there is nothing to liquidate here. we have nothing that is worth them demanding money from. i could see them adjusting the debts and doing all they could to keep us flying because if they don't they won't see a dime in a bankruptcy filing.

Is this your infinite wisdom again, or do you actually have a credible source for this? And by credible source, I do not mean that you overheard a check airmen or or somebody in the training department talking about it.

People...stop spending your paychecks on those gypsy fortune tellers.

AMR had $4.1 billion in cash when they filed BK.

Yup. All about assets and liabilities. I think AMR was 36 bil in liabilities and 31 bil of assets?

Assets + cash on hand < liabilities = bankruptcy

See announcement...tomorrow. Involves management.

Involves management? Really? Will this announcement involve an announcement as well? :D

Perfect... You're buying Horizon..... I look forward to the integration.

My brokerage won't let me short stocks under 3.00, otherwise I might consider it.

http://i250.photobucket.com/albums/g...azine__oPt.jpg

Need Details or source.

$1.53 bill in assets

$97 mill cash on hand

$795 mill in liabilities

$36 mill market cap

I think they need a pre-announcement announcement announcing the new announcement.

Anyone have any news from Memphis? Are they still doing classes? If so, how many people have started class in November/December? Any hiring plans for the new year? When are new hires gonna go onto the jet again? GIVE. ME. RUMORS. PEOPLE.

Listen folks, I don't know if he is correct or not, but Shy must really believe the BK is coming. I know this because ...
All the FAs confirm Shy is Short.

Oh lordy, I need a drink!

Horizon + 30 additional Q's out of Den. I heard it from a flight attendant who heard it from her best friend's sister's boyfriend's brother's girlfriend heard from this guy who knows this kid who's going with the girl who saw Menke pass out at 31 flavors last night. I guess it's pretty serious.

Save Farris ...!!!! Lol

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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