Pinnacle losses continue in November

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Pinnacle Airlines reports a $9.9 million net loss in November, on par with its loss a month earlier.

The Memphis-based regional carrier reports operating revenue of $57.2 million and operating expenses of $64.2 million for an operating loss of $5.2 million during the month, according to a stock exchange filing.

The net loss includes $2.3 million in reorganisation expenses.

Cash and cash equivalents fell by $4.2 million to $30.2 million in November compared to a month earlier. Long-term debt less current maturities fell by $5.2 million to $91.1 million.

Pinnacle is operating under chapter 11 bankruptcy protection.