Pinnacle Airlines (PNCL) Falls as CEO Warns of Possible Bankrupty
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Pinnacle Airlines (Nasdaq: PNCL) is seeing some pressure Friday after the CEO warned of a possible bankruptcy filing. Shares are down 6%.
"On the current path, our financial position will continue to worsen at an alarming rate; we need to act immediately," CEO Sean Menke said today in a letter to employees obtained by Bloomberg News. "What happens next is not yet clear," he also said.
"On the current path, our financial position will continue to worsen at an alarming rate; we need to act immediately," CEO Sean Menke said today in a letter to employees obtained by Bloomberg News. "What happens next is not yet clear," he also said.
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