Pinnacle Airlines may be forced to file for bankruptcy. In a letter to employees, company officials said they need to cut costs with unions and other partners.
Pinnacle is the parent company of Colgan Air, which operated Continental Connection Flight 3407 that crashed in Clarence Center almost three years ago, killing 50 people.
Pinnacle said it cannot sustain losses from its agreement with United Continental Holdings to operate flights with the Bombardier Dash 8 Q400 turboprop plane, the model that crashed in Clarence.
