Law360, New York (April 02, 2012, 1:36 PM ET) -- Pinnacle Airlines Corp. touched down into Chapter 11 bankruptcy Sunday, becoming the latest regional carrier to succumb to dramatic cost-cutting measures among major airlines.
The Memphis, Tenn.-based company listed assets of $1.5 billion and debts of $1.4 billion as of Sept. 30, according to a bankruptcy petition in New York federal court. Pinnacle offers flights from hubs to smaller outlying cities for ticketed passengers of Delta Air Lines Inc. and United Airlines Inc.
Delta and United — along with the nation's other largest airlines, US Airways...
Pinnacle Sent Into Ch. 11 By Airline Industry Headwinds
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