SOURCE: Pinnacle Airlines

August 13, 2008 11:00 ET

Colgan Air, Inc. Releases July Performance Data

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

                              July 2008 Performance
                     ----------------------------------------
                       2008            2007            Change
                     -------         -------           ------
Passengers           259,687         147,747             75.8%
ASMs (000)           110,446          55,282             99.8%
RPMs (000)            60,019          27,416            118.9%
Departures            12,000          10,134             18.4%
Block Hours           15,172          12,162             24.7%

Load Factor             54.3%           49.6%             4.7 pts
Fleet
    SAAB 340              40              42             (4.8)%
    Beech 1900             5              10            (50.0)%
    Q400                  15               -              100%


                               Year-To-Date Performance
                  -------------------------------------------
                       2008            2007            Change
                     -------         -------           ------
Passengers        1,361,412          887,472             53.4%
ASMs (000)          559,634          363,033             54.2%
RPMs (000)          297,699          165,637             79.7%
Departures           70,754           65,212              8.5%
Block Hours          88,797           77,909             14.0%

Load Factor            53.2%            45.6%             7.6 pts

The average length of a Colgan flight was 220 statute miles compared to 175 statute miles in July 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 136 regional jets in the United States and Canada as Northwest Airlink and Delta Connection. Colgan Air, Inc. operates a fleet of 60 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 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 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