Pinnacle

There have been so many airline bankruptcies this year that I am struggling to keep up! These bankruptcies mean a lot of disruption, a lot of passenger inconvenience and many staff job losses. It is concerning that so many have gone this year, already. Of course, India’s Kingfisher is teetering and may not last much longer. The poor economy and rising oil prices are squeezing airlines further. Some collapses also reflect poor managerial decisions. Now to April. On the 2nd, Pinnacle airlines filed for Chapter 11 Bankruptcy protection. In Chapter 11, the debtor remains in control of its business operations and…

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