SOURCE: Pinnacle Airlines

Pinnacle Airlines

August 07, 2009 17:48 ET

Colgan Air, Inc. Releases July Performance Data

MEMPHIS, TN--(Marketwire - August 7, 2009) - Pinnacle Airlines Corp. (NASDAQ: PNCL) today released capacity and operational results for its Colgan Air, Inc. subsidiary for July 2009.

                                            July 2009 Performance
                                     ---------------------------------
                                        2009        2008       Change
                                     ----------  ----------  ---------
Passengers                              272,269     259,687       4.8 %
Available Seat Miles (000)               99,270     110,446     (10.1)%
Revenue Passenger Miles (000)            64,357      60,019       7.2 %
Load Factor                                64.8%       54.3%     10.5 pts.
Block Hours                              12,469      15,172     (17.8)%
Departures                               10,034      12,000     (16.4)%

Fleet
  SAAB 340                                   34          40     (15.0)%
  Beech 1900                                  -           5    (100.0)%
  Q400                                       14          15      (6.7)%


                                             Year-To-Date Performance
                                         ------------------------------
                                           2009       2008      Change
                                         ---------  ---------  --------
Passengers                               1,558,818  1,361,412     14.5 %
Available Seat Miles (000)                 631,825    559,634     12.9 %
Revenue Passenger Miles (000)              362,772    297,699     21.9 %
Load Factor                                   57.4%      53.2%     4.2 pts
Block Hours                                 80,612     88,797     (9.2)%
Departures                                  64,806     70,754     (8.4)%

The average length of a Colgan flight was 223 statute miles compared to 220 statute miles in July 2008.

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 140 regional jets in the United States, Canada, the Bahamas, Mexico, U.S. Virgin Islands, and Turks and Caicos Islands under Delta brands. 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 13 million passengers annually to 144 cities and towns in North America. 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 July 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