Pinnacle Airlines to take steps to improve liquidity and profitability

Pinnacle Airlines released that it has commenced a comprehensive program to reduce short- and long-term costs and enhance liquidity. Planned initiatives include seeking modifications to the company’s agreements with its mainline airline partners, equipment lessors, debt holders, real property lessors and vendors. The company will also seek to work with its pilots and other employees (both union and non-union) to reduce labor costs. As part of its efforts, the company will examine and further rationalize its business lines, organizational structure and executive and director level functions.