Sunday, November 6, 2011

Pinnacle Airlines points to better years

MEMPHIS — Pinnacle Airlines Corp. figures to remain in rebuilding mode for much of next year.

Executives of the Memphis-based owner of Pinnacle, Mesaba and Colgan airlines wouldn’t say how soon they expect to turn a profit within the next year or so, but they pointed to a brighter revenue picture by 2013 after reporting a multimillion-dollar loss for the most recent quarter.

The company reported modest losses for the third quarter after having braced investors for disappointing results in a pre-release last week.

Read the full report: Memphis-based Pinnacle Airlines reports quarterly loss, in 'rebuilding' mode at The Commercial Appeal.