Pinnacle Airlines Corporation loses $2.4 million in the second quarter

Pinnacle Airlines Corporation (Memphis) reported a net loss and net loss per share for the second quarter of 2011 of $2.4 million and $0.13, respectively.

Pinnacle Airlines Corporation is the airline holding company with 7,700 employees and 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 Corporation operating subsidiaries operate 202 regional jets and 84 turboprops on more than 1,500 daily flights to 196 cities and towns in the United States, Canada, Mexico and Belize.

The 35% year-over-year increase in the price per gallon of aircraft fuel negatively impacted Colgan’s Pro-Rate operations by $2.1 million during the second quarter of 2011.

Copyright Photo: Bruce Drum. Please click on the photo for the aircraft information.

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