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Tuesday, August 7, 2007

Net Down at Pinnacle, Too

Following the other regionals reporting the quarterly results, Pinnacle said their net income was down, having been reduced by a non-operating loss of $4.1 million from selling its Northwest claim as well as $0.4 million from the return of Saab aircraft. Net income was down to $7.7 million. The results also reflect changes to its capacity-purchase agreement with Northwest that became effective on January 1.

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