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Pinnacle Airlines reports $5.79 million August net loss; revenues up
By Caroline Salls
Pittsburgh, Sept. 26 - Pinnacle Airlines Corp. posted a net loss of $5.79 million for August on total operating revenues of $71.65 million, according to its monthly operating report filed Wednesday with the Securities and Exchange Commission.
Those figures compare to a $2.52 million net loss reported for July on total operating revenues of $71.13 million.
The company also reported an operating loss in August of $2.32 million, compared to $1.58 million of operating income posted in July.
As of Aug. 31, cash and cash equivalents totaled $36.04 million, down from $49.13 million at July 31.
Pinnacle, a Memphis-based operator of a regional airline, filed for bankruptcy on April 1. The Chapter 11 case number is 12-11343.
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