SOURCE: Pinnacle Airlines

March 13, 2008 12:36 ET

Colgan Air Inc. Releases February Performance Data

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

During February, Colgan achieved a 90.9% completion factor, a decrease of 0.1 points over February 2007 levels. The average length of a Colgan flight was 196 statute miles compared to 185 statute miles in February 2007.

                 February 2008 Performance
                -----------------------------
                 2008       2007      Change
                -------    -------   --------
Passengers      137,841    102,052       35.1%
ASMs (000)       56,370     44,878       25.6%
RPMs (000)       27,058     18,927       43.0%
Departures        8,371      7,934        5.5%
Block Hours      10,390      9,509        9.3%
Load Factor        48.0%      42.2%   5.8 pts
Fleet
   SAAB 340          42         40        0.5%
   Beech 1900         5         11      (54.5)%
   Q-400              4          -        100%


                       YTD Performance
                -----------------------------
                 2008       2007      Change
                -------    -------   --------
Passengers      243,893    195,410       24.8%
ASMs (000)      105,757     94,379       12.1%
RPMs (000)       46,581     36,987       25.9%
Departures       17,019     16,748        1.6%
Block Hours      20,748     20,006        3.7%
Load Factor        44.0%      39.2%   4.8 pts

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., an airline holding company, is the parent company of Pinnacle Airlines Inc. and Colgan Air Inc. Pinnacle Airlines Inc. operates a fleet of 139 regional jets in the United States and Canada as Northwest Airlink and Delta Connection. 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 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