Pinnacle Airlines Corp. (PINK:PNCLQ) Risky but Potentially Profiting

Las Vegas, NV -- (SBWIRE) -- 01/04/2013 -- Pinnacle Airlines Corp. (PINK:PNCLQ) made some impressive gains in the recent trading sessions before witnessing some declines. The stock is a bit volatile having surged from under a penny to reaching $0.07 and then, it fell again. The stock was delisted from the NASDAQ in early April 2012 and it hit the pink at $0.50 per share.

Pinnacle Airlines Corp. had filed for bankruptcy in April 2012. Later, the Company announced that a tentative agreement was in the offing with the Air Line Pilots Association (ALPA) regarding cost cutting measures that affect retirement, cover pay and benefits. This agreement is considered vital if the Company has to emerge from Chapter 11 bankruptcy.

Pinnacle Airlines Corp. is an independent regional airline company that was founded in 1985. It is headquartered in Memphis, Tennessee. Up to May 2012, it operated nearly 197 regional jets, handling 1,300 daily flights across 182 cities. The network included United States, Mexico, Canada, and Belize.

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