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Pinnacle Airlines files for bankruptcy in U.S

Pinnacle Airlines Corp , parent of Pinnacle Airlines and Colgan Air, filed for bankruptcy protection late on Sunday, the latest victim of high fuel prices and dampened travel demand.

 

No Takeoff For Airline Stocks

Also lagging the market Wednesday are airlines shares, down on the day by about 1.2% as a group, led down by Pacer International ( PACR - news - people ) , trading lower by about 5.1% and Pinnacle Airlines ( PNCL - news - people ), trading lower by about 4.9%.

 

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