Las Vegas, NV -- (SBWIRE) -- 01/14/2013 -- Pinnacle Airlines Corp. (PINK:PNCLQ) has surged 8.70 percent to $0.0250 in today’s session the share price did witnessed some correction in earlier trading sessions but has rebounded again on strong fundamental reasons.
Pinnacle Airlines Corp is a $1 billion airline holding company with 8,000 employees, is the parent company of Pinnacle Airlines, Inc. and Colgan Air, Inc.Flying as Continental Express, Delta Connection, United Express and US Airways Express. The company has current market capitalization of 419.04K. The company’s quarterly revenue growth (YoY) is 0.90% is much better as compared to industry leader SkyWest Inc. (SKYW) which has -9.40%.
The 2013 started with the news that Pinnacle Airlines Corp announced today that it and its solely owned subsidiaries have moved in into comprehensive agreements that, among other things, provide a path forward for the Company to emerge from bankruptcy with a viable cost edifice and a feasible long-term business plan. Under Pinnacle's new business plan, the Company has decided to changeover its current fleet to function a fleet of 81 fuel-efficient, two-class regional jets for Delta Air Lines Inc.
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