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Pinnacle announces Q2 net loss
05 August 2011
A 55% rise in operating expenses impacts the airline�s second quarter performance.
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Pinnacle Airlines
Q2 results
losses
Pinnacle Airlines' second quarter revenues were up 46% year-on-year to $320.1 million. But the carrier, which had a 55% rise in operating expenses for the quarter, posted a net loss of $2.36 million for the period.An increase in pilot wage rates due to new labour agreement with Air Line Pilots Association (ALPA) and a rise in...
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