New User:

Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
November 22, 2015
18:29 EDTDALDelta CEO says Boeing offered used 777s for $10M, Bloomberg reports
Subscribe for More Information
November 18, 2015
17:48 EDTDALGrupo Aeromexico confirms Delta intention to increase stake in company
Subscribe for More Information
16:39 EDTDALDelta to acquire up to additional 32% of Grupo Aeromexico outstanding shares
Subscribe for More Information
November 16, 2015
09:59 EDTDALOmega bought Valeant in Q3, sold some SuneEdison
Leon Cooperman's Omega Advisors gave a quarterly update on its stakes in a filing this morning, disclosing its positions as of September 30. NEW STAKES: Pfizer (PFE), Valeant (VRX) Walgreens Boots Alliance (WBA), TerraForm Global (GLBL), Cigna (CI). INCREASED STAKES: Google Class A (GOOGL), Facebook (FB), Delta Air Lines (DAL). DECREASED STAKES: SunEdison (SUNE), Shire (SHPG), Citi (C), KAR Auction (KAR), LyondellBasell (LYB). LIQUIDATED STAKES: McKesson (MCK), 21st Century Fox (FOXA), General Motors (GM), QEP Resources (QEP), eBay (EBAY).
05:38 EDTDALDelta Air Lines implied volatility of 33 at lower end of index mean range
Subscribe for More Information
November 13, 2015
16:40 EDTDALAppaloosa gives quarterly update on stakes
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use