SOURCE: Pinnacle Airlines

November 06, 2007 16:29 ET

Pinnacle Airlines Inc. Releases October Traffic

MEMPHIS, TN--(Marketwire - November 6, 2007) - Pinnacle Airlines Inc., a wholly owned subsidiary of Pinnacle Airlines Corp. (NASDAQ: PNCL), today released its passenger and traffic levels for October 2007.

During October, Pinnacle transported 887,919 customers, 13.3% more than the same period in 2006. Passenger Load Factor was 79.4% an increase of 3.2 points over October 2006 levels. For the month, Pinnacle flew 507.7 million Available Seat Miles (ASMs), a 1.8% increase when compared to the same period in 2006. Pinnacle flew 402.9 million Revenue Passenger Miles (RPMs), an increase of 6.0% over October 2006.

For the month, Pinnacle operated 37,089 block hours, a 6.1% increase from the same period in 2006. The term "block hour" refers to the elapsed time between an aircraft leaving a gate and arriving at a gate. Departures were up 8.6% to 22,837. The average length of a Pinnacle flight was 448 statute miles compared to 477 statute miles in October 2006.

During October, all aircraft in the Pinnacle Airlines Inc. fleet operated with 50 seats. In addition, Pinnacle operated 139 aircraft during the month compared to 124 aircraft for the same month of 2006.

                               October 2007 Traffic
                      --------------------------------------
                         2007          2006         Change
   Passengers          887,919       783,739         13.3%
   Load Factor          79.4%         76.2%         3.2 pts
   ASMs (000)          507,709       498,859          1.8%
   RPMs (000)          402,858       380,145          6.0%
   Departures           22,837        21,032          8.6%
   Block Hours          37,089        34,967          6.1%


                                Year-To-Date Traffic
                      --------------------------------------
                         2007          2006         Change
   Passengers         8,364,732     7,468,491        12.0%
   Load Factor          76.9%         76.5%         0.4 pts
   ASMs (000)         5,035,888     4,672,009         7.8%
   RPMs (000)         3,874,133     3,573,860         8.4%
   Departures          222,242       209,063          6.3%
   Block Hours         366,290       345,470          6.0%

About Pinnacle Airlines Corp.

Pinnacle Airlines Corp. (NASDAQ: PNCL), an airline holding company, is the parent company of Pinnacle Airlines Inc., and Colgan Air Inc. Pinnacle Airlines Inc. operates as Northwest Airlink with a fleet of 139 Canadair Regional Jets in the United States and Canada. Colgan Air Inc. operates as Continental Connection, United Express and US Airways Express with a fleet of 42 Saab 340 and 10 Beech 1900 turboprop regional aircraft. Pinnacle Airlines Corp., operating units fly over 1,000 daily flights and transport more than 10 million passengers a year to 134 cities and towns in North America. Visit www.pncl.com for further information.

This press release contains various forward-looking statements that are based on management's beliefs, as well as assumptions made by and information currently available to management. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions, including those set forth in our filings with the Securities and Exchange Commission, which are available to investors at our web-site or on line from the Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove erroneous, actual results may vary materially from results that were anticipated or projected. The Company does not intend to update these forward-looking statements before its next required filing with the Securities and Exchange Commission.

Contact Information

  • Contact:
    Joe Williams
    901-346-6162