SOURCE: Pinnacle Airlines

November 14, 2008 17:30 ET

Colgan Air, Inc. Releases October Performance Data

MEMPHIS, TN--(Marketwire - November 14, 2008) - Pinnacle Airlines Corp. (NASDAQ: PNCL) today released capacity and operational results for its Colgan Air, Inc. subsidiary for October 2008.

                 October 2008 Performance
              -----------------------------
                2008       2007      Change
              -------    -------     ------
Passengers    255,104    141,700       80.0%
ASMs (000)    103,930     56,969       82.4%
RPMs (000)     60,085     26,072      130.5%
Departures     10,500      9,826        6.9%
Block Hours    13,001     11,631       11.8%

Load Factor      57.8%      45.8%      12.0 pts
Fleet
   SAAB 340        38         42       (9.5)%
   Beech 1900       2          7      (71.4)%
   Q400            15          -      100.0 %


                Year-To-Date Performance
            -------------------------------
               2008         2007     Change
            ----------   ---------   ------
Passengers   2,107,445   1,306,617     61.3%
ASMs (000)     875,938     529,627     65.4%
RPMs (000)     472,644     242,768     94.7%
Departures     103,574      95,249      8.7%
Block Hours    129,630     113,027     14.7%

Load Factor       54.0%       45.8%     8.2 pts


The average length of a Colgan flight was 224 statute miles compared to 184 statute miles in October 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, 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 55 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