9E 1.6m operating profit July 2012
 

http://centreforaviation.com/news/pinnacle-airlines-reports-usd16m-operating-profit-in-jul-2012-172008

Found this hidden on the internet. Why are we still in BK? And why do we need paycuts this deep? Just seems ridiculous...

Looks like they posted a loss of $2.5 million to me, associated with "reorganization" expenses AKA consulting fees.

Net profit (loss): (USD2.5 million);
That's why

So you turned a very small profit (which was actually a loss) during the most lucrative month of the year and you think there are no problems? I agree that you guys shouldn't give up a penny on your contract but with all the a/c and contracts you're dumping BK was necessary.

The only business in the world that can have more customers than they can handle and still find a way of not making a substantial profit. Even more messed up is the fact they come looking for the front-line employees to compensate for these losses in profits.

Who the crap designs a business model and maxes out their customer base yet can't make money? Don't give in to their shenanigans of needing you as the hard working employee to give up on your well deserved compensation.

You are not he problem or the solution.

They can make the books look any way they want

No they can't. A publicly held company has to answer to the SEC and share holders. Any shenanigans with the books is easily detected by the share holders and SEC and people go to jail Enron style. I doubt the people running have any reason to cook the books.

Yes they can. There are various accounting methods they can use. Pinnacle has dealt with the IRS before regarding their use of a certain method they believed was 'standard'.

You're right. They can. You can also go rob a bank and then start a forest fire.

How much are bankruptcy fees, lawyers etc. they will spend millions and take charges going forward.

Move along, nothing to see here