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Stock Market & Financial Investment News

News Breaks
January 3, 2013
11:50 EDTDAL, PNCLQPinnacle Airlines reaches agreements to provide viable path out of Chapter 11
Pinnacle Airlines (PNCLQ) and its wholly owned subsidiaries have entered into comprehensive agreements that, among other things, provide a path forward for the company to emerge from bankruptcy with a competitive cost structure and a viable long-term business plan. Under Pinnacle's new business plan, the company will transition its fleet to operate a fleet of 81 fuel-efficient, two-class regional jets for Delta Air Lines (DAL). The comprehensive agreements among Pinnacle, Delta, the Air Line Pilots Association, International and the Official Committee of Unsecured Creditors in Pinnacle's Chapter 11 cases include: An amendment to the company's existing debtor-in-possession credit facility, to provide Pinnacle with $30M of additional liquidity to support its continued operation through emergence from Chapter 11 and an additional $22M to fund certain required payments to Pinnacle's pilots under a Bridge Agreement and related employer taxes. Amendments to the existing operating agreements with Delta that form the basis of the new business plan. Pinnacle will receive Delta Connection's next 40 CRJ-900 aircraft awarded, setting Pinnacle's long-term fleet plan at 81 CRJ-900 aircraft. The 40 additional CRJ-900 aircraft deliveries are planned to begin in the fall of 2013 and are expected to be completed by year-end 2014. Pinnacle's 140 CRJ-200 aircraft will be removed from operation over the next two to three years.
News For PNCLQ;DAL From The Last 14 Days
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August 23, 2015
13:23 EDTDALDelta CEO says company deserves higher price/earnings ratio, Barron's reports
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August 21, 2015
05:52 EDTDALDelta Air Lines implied volatility of 36 at lower end of index mean range
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August 18, 2015
20:00 EDTDALAirline stocks fall as companies face probes, labor issues, WSJ says
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16:00 EDTDALOptions Update; August 18, 2015
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August 16, 2015
18:20 EDTDALFAA working with airlines to restore operations after August 15 cancellations
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August 14, 2015
16:44 EDTDALThird Point gives quarterly update on stakes
NEW STAKES: Baxter (BAX), T-Mobile (TMUS), Sealed Air (SEE), Devon (DVN), and Perrigo (PRGO). INCREASED STAKES: SunEdison (SUNE), Dow Chemical (DOW), Mohawk (MHK), Yum! Brands (YUM), and IAC/InterActiveCorp (IACI). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Sensata (ST), Masco (MAS), and Delta (DAL). LIQUIDATED STAKES: Dollar General (DG), McKesson (MCK), Edgewell Personal Care (EPC), Maxim (MXIM), and FleetCor (FLT).
10:07 EDTDALDelta Air Lines management to meet with Sterne Agee CRT
Meeting to be held in Atlanta on August 19 hosted by Sterne Agee CRT.
06:01 EDTDALDelta, Virtgin Australia Trans-Pacific alliance reauthorized by ACCC
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06:01 EDTDALDelta Air Lines implied volatility of 31 at lower end of index mean range

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