SOURCE: Pinnacle Airlines

December 16, 2008 10:58 ET

Colgan Air, Inc. Releases November Performance Data

MEMPHIS, TN--(Marketwire - December 16, 2008) - Pinnacle Airlines Corp. (NASDAQ: PNCL) today released capacity and operational results for its Colgan Air, Inc. subsidiary for November 2008.

                                  November 2008 Performance
                               -----------------------------
                                2008        2007      Change
                               -------     -------    ------
Passengers                     210,317     131,392     60.1%
Available Seat Miles (000)      93,459      51,042     83.1%
Revenue Passenger Miles (000)   51,328      24,328    111.0%
Departures                       9,045       9,317     (2.9)%
Block Hours                     11,470      10,925      5.0%

Load Factor                       54.9%       47.7%     7.2 pts
Fleet
  SAAB 340                          34          42    (19.0)%
  Beech 1900                         2           7    (71.4)%
  Q400                              15           -    100.0%


                                  Year-To-Date Performance
                               -----------------------------
                                 2008         2007    Change
                               ---------   ---------  ------
Passengers                     2,317,762   1,438,009   61.2%
Available Seat Miles (000)       969,397     580,669   66.9%
Revenue Passenger Miles (000)    523,972     267,096   96.2%
Departures                       112,619     104,566    7.7%
Block Hours                      141,100     123,952   13.8%

Load Factor                         54.1%       46.0%   8.1 pts

The average length of a Colgan flight was 231 statute miles compared to 178 statute miles in November 2007.

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 139 regional jets in the United States, Canada, the Bahamas, Mexico, U.S. Virgin Islands, and Turks and Caicos Islands as Northwest Airlink and Delta Connection. Colgan Air, Inc. operates a fleet of 51 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 a year 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