SOURCE: Pinnacle Airlines

April 15, 2008 11:30 ET

Colgan Air, Inc. Releases March Performance Data

MEMPHIS, TN--(Marketwire - April 15, 2008) - Pinnacle Airlines Corp. (NASDAQ: PNCL) today released capacity and operational results for its Colgan Air, Inc. subsidiary for March 2008.

                                        March 2008 Performance
                            ----------------------------------------------
                                 2008            2007           Change
                            --------------  --------------  --------------
Passengers                         194,833         128,843           51.2 %
ASMs (000)                          74,838          52,674           42.1 %
RPMs (000)                          42,140          24,099           74.9 %
Departures                           9,781           9,287            5.3 %
Block Hours                         12,386          11,146           11.1 %

Load Factor                           56.3%           45.7%      10.6 pts
Fleet
      SAAB 340                          41              40           0.03 %
      Beech 1900                         5              11          (54.5)%
      Q-400                              6               -            100 %



                                       Year To Date Performance
                            ----------------------------------------------
                                 2008            2007           Change
                            --------------  --------------  --------------
Passengers                         438,726         324,253            35.3%
ASMs (000)                         180,595         147,053            22.8%
RPMs (000)                          88,721          61,086            45.2%
Departures                          26,800          26,035             2.9%
Block Hours                         33,134          31,152             6.4%

Load Factor                           49.1%           41.5%        7.6 pts

The average length of a Colgan flight was 204 statute miles compared to 184 statute miles in March 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., 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 and Canada as Northwest Airlink and Delta Connection. Colgan, Air Inc. operates a fleet of 52 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