Pinnacle Airlines (PNCL) Falls as CEO Warns of Possible Bankrupty

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.

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