Pinnacle Airlines Corporation reports a net loss in the third quarter

Pinnacle Airlines Corporation (Memphis) Net loss and net loss per share for the third quarter of 2011 were $3.5 million and $0.19, respectively. Excluding special items, net loss and net loss per share for the third quarter of 2011 were $1.7 million and $0.09, respectively.

PAC is the 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 carriers. Pinnacle Airlines Corporation operating subsidiaries operate 199 regional jets and 82 turboprops on more than 1,540 daily flights to 188 cities and towns in the United States, Canada, Mexico and Belize.

The holding company is planning to transfer all of its regional jet operations under the Pinnacle Airlines certificate by the end of 2011. Turboprop operations are also expected to be merged under the Mesaba AOC.

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Copyright Photo: Bruce Drum.