SOURCE: Pinnacle Airlines

Pinnacle Airlines

April 17, 2009 18:21 ET

Colgan Air, Inc. Releases March Performance Data

MEMPHIS, TN--(Marketwire - April 17, 2009) - Pinnacle Airlines Corp. (NASDAQ: PNCL) today released capacity and operational results for its Colgan Air, Inc. subsidiary for March 2009.

                                       March 2009 Performance
                                 ---------------------------------
                                    2009        2008       Change
                                 ----------  ----------  ---------
Passengers                          224,649     194,833       15.3%
Available Seat Miles (000)           91,352      74,838       22.1%
Revenue Passenger Miles (000)        51,986      42,140       23.4%
Load Factor                            56.9%       56.3%       0.6 pts
Block Hours                          11,751      12,386       (5.1)%
Departures                            9,378       9,781       (4.1)%

Fleet
    SAAB 340                             34          41      (17.1)%
    Beech 1900                            -           5     (100.0)%
    Q400                                 14           6      133.3%



                                      Year-To-Date Performance
                                 ---------------------------------
                                    2009        2008       Change
                                 ----------  ----------  ---------
Passengers                          576,553     438,726       31.4%
Available Seat Miles (000)          260,487     180,595       44.2%
Revenue Passenger Miles (000)       132,309      88,721       49.1%
Load Factor                            50.8%       49.1%       1.7 pts
Block Hours                          33,911      33,134        2.3%
Departures                           27,088      26,800        1.1%

The average length of a Colgan flight was 219 statute miles compared to 204 statute miles in March 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 141 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 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