SOURCE: Pinnacle Airlines

July 08, 2008 10:07 ET

Colgan Air, Inc. Releases June Performance Data

MEMPHIS, TN--(Marketwire - July 8, 2008) - Pinnacle Airlines Corp. (NASDAQ: PNCL) today released capacity and operational results for its Colgan Air, Inc. subsidiary for June 2008.

                         June 2008 Performance
                --------------------------------------
                 2008            2007           Change
                -------         -------         ------
Passengers      240,281         146,515           64.0%
ASMs (000)       99,339          53,372           86.1%
RPMs (000)       55,496          27,108          104.7%
Departures       11,039           9,803           12.6%
Block Hours      14,230          11,413           24.7%

Load Factor        55.9%           50.8%           5.1 pts
Fleet
  SAAB 340           40              40            0.0%
  Beech 1900          5              10          (50.0)%
  Q400               13               -            100%


                         Year-To-Date Performance
                --------------------------------------
                 2008            2007           Change
                -------         -------         ------
Passengers    1,101,725         739,725           48.9%
ASMs (000)      449,188         307,751           46.0%
RPMs (000)      237,680         138,221           72.0%
Departures       58,754          55,078            6.7%
Block Hours      73,625          65,747           12.0%

Load Factor        52.9%           44.9%           8.0 pts

The average length of a Colgan flight was 219 statute miles compared to 175 statute miles in June 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 58 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