SOURCE: Pinnacle Airlines

Pinnacle Airlines

March 08, 2010 17:00 ET

Colgan Air, Inc. Releases February Performance Data

MEMPHIS, TN--(Marketwire - March 8, 2010) -   Pinnacle Airlines Corp. (NASDAQ: PNCL) today released capacity and operational results for its Colgan Air, Inc. subsidiary for February 2010.

  February 2010 Performance  
  2010     2009     Change  
Passengers 162,058     172,242     (5.9) %
Available Seat Miles (000) 69,751     79,450     (12.2) %
Revenue Passenger Miles (000) 38,135     38,604     (1.2) %
Load Factor 54.7 %   48.6 %   6.1 pts. 
Block Hours 8,902     10,479     (15.0) %
Departures 7,096     8,460     (16.1) %
                 
Fleet                
  SAAB 340 34     34     0.0 %
  Q400 14     14     0.0 %
  Year-To-Date Performance  
  2010     2009     Change  
Passengers 332,907     351,904     (5.4) %
Available Seat Miles (000) 151,163     169,135     (10.6) %
Revenue Passenger Miles (000) 79,414     80,323     (1.1) %
Load Factor 52.5 %   47.5 %   5.0  pts.
Block Hours 19,237     22,160     (13.2) %
Departures 15,316     17,710     (13.5) %

The average length of a Colgan flight was 220 statute miles compared to 214 statute miles in February 2010.

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 142 regional jets under Delta brands in the United States, Canada, the Bahamas, Mexico, U.S. Virgin Islands, and Turks and Caicos Islands. Colgan Air, Inc. operates a fleet of 48 regional turboprops as Continental Connection, United Express and US Airways Express. Pinnacle Airlines Corp. operating units fly more than 1,280 daily flights and transport 13 million passengers a year to 152 cities and towns in North America. The corporate headquarters is located in Memphis, Tenn. Airport hub operations are located in Atlanta, Boston, Detroit, Newark, Washington Dulles, Houston, LaGuardia, Memphis and Minneapolis. Visit www.pncl.com for more information.

This press release contains various forward-looking statements 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 online from the Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove erroneous, actual results September 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