SOURCE: Pinnacle Airlines

June 06, 2008 17:30 ET

Colgan Air, Inc. Releases May Performance Data

MEMPHIS, TN--(Marketwire - June 6, 2008) - Pinnacle Airlines Corp. (NASDAQ: PNCL) today released capacity and operational results for its Colgan Air, Inc. subsidiary for May 2008.

                                     May 2008 Performance
                               -------------------------------
                                 2008       2007       Change
                               ---------  ---------  --------
Passengers                       227,782    134,758      69.0 %
ASMs (000)                        91,683     55,283      65.8 %
RPMs (000)                        51,808     24,888     108.2 %
Departures                        10,801     10,103       6.9 %
Block Hours                       13,630     11,946      14.1 %

Load Factor                         56.5%      45.0%     11.5 pts
Fleet
   SAAB 340                           40         40       0.0 %
   Beech 1900                          5         10     (50.0)%
   Q400                               12          -       100 %


                                   Year To Date Performance
                               -------------------------------
                                 2008       2007       Change
                               ---------  ---------  ---------
Passengers                       861,444    593,210       45.2%
ASMs (000)                       349,849    254,379       37.5%
RPMs (000)                       182,184    111,113       64.0%
Departures                        47,715     45,275        5.4%
Block Hours                       59,395     54,334        9.3%

Load Factor                         52.1%      43.7%       8.4 pts

The average length of a Colgan flight was 211 statute miles compared to 176 statute miles in May 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 138 regional jets in the United States and Canada as Northwest Airlink and Delta Connection. Colgan Air, Inc. operates a fleet of 57 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 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