Pinnacle Airlines files for Chapter 11 Bankruptcy
Regional carrier, Pinnacle Airlines, has announced that it will be filing for Chapter 11 Bankruptcy protection. The airline hopes the bankruptcy protection will allow it to fix its operational and financial problems.The airline currently employs about 8,000 people throughout North America and utilizes about 200 Regional Jets and 60 Turboprop aircraft on 1,600 daily flights. The airline provides regional connection flights for Delta, United, and US airways. The airline hopes to restructure in a way that will allow it to remain competitive for a long time. During the bankruptcy period, Pinnacle still plans to operate flights normally and keep service cancellations to a minimum. Pinnacle has been struggling for years due to rising fuel costs and a weakened world economy. Almost every major and regional airline has had to go through Bankruptcy protection since 9/11.