SOURCE: Pinnacle Airlines

May 13, 2008 17:30 ET

Colgan Air, Inc. Releases April Performance Data

MEMPHIS, TN--(Marketwire - May 13, 2008) - Pinnacle Airlines Corp. (NASDAQ: PNCL) today released capacity and operational results for its Colgan Air, Inc. subsidiary for April 2008.

                       April 2008 Performance
                    ----------------------------
                      2008     2007      Change
                    -------   -------   --------
Passengers          194,936   134,199      45.3%
ASMs (000)           77,571    52,043      49.1%
RPMs (000)           41,655    25,139      65.7%
Departures           10,114     9,137      10.7%
Block Hours          12,631    11,236      12.4%

Load Factor            53.7%     48.3%      5.4 pts
Fleet
SAAB 340                 41        40       3.0%
Beech 1900                4        11     (63.6)%
Q-400                    12         -       100%



                       Year To Date Performance
                    ----------------------------
                      2008     2007      Change
                    -------   -------   --------
Passengers          633,662   458,452      38.2%
ASMs (000)          258,166   199,096      29.7%
RPMs (000)          130,376    86,225      51.2%
Departures           36,914    35,172       5.0%
Block Hours          45,765    42,388       8.0%

Load Factor            50.5%     43.3%      7.2 pts

The average length of a Colgan flight was 203 statute miles compared to 184 statute miles in April 2007.

The term "block hours" refers to the elapsed time between an aircraft leaving a gate and arriving at a gate.

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 a fleet of 138 regional jets in the United States and Canada as Northwest Airlink and Delta Connection. Colgan Air, Inc. operates a fleet of 57 regional turboprops as Continental Connection, United Express and US Airways Express. Pinnacle Airlines Corp. operating units fly over 1,000 daily flights and transport more than 10 million passengers a year to 140 cities and towns in North America. Visit www.pncl.com for more 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