Tuesday, 3 April 2012

Pinnacle Airlines files for bankruptcy ? Forex ... - The Finance Room

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(Reuters) - Pinnacle Airlines Corp filed for bankruptcy protection late on Sunday, as the U.S. regional airline fell victim to high fuel prices and dampened travel demand that has negatively impacted some of the major players in the industry. In the past, upon facing financial trouble, United Continental Holdings Inc's United Airlines and Delta Air Lines Inc have taken the Chapter 11 route to cut costs and later found merger partners. AMR Corp, the parent of American Airlines, had also filed for bankruptcy late last year. In a filing with a U.S. ...

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