SOURCE: Pinnacle Airlines

Pinnacle Airlines

October 05, 2009 17:00 ET

Colgan Air, Inc. Releases September Performance Data

MEMPHIS, TN--(Marketwire - October 5, 2009) - Pinnacle Airlines Corp. (NASDAQ: PNCL) today released capacity and operational results for its Colgan Air, Inc. subsidiary for September 2009.

                                           September 2009 Performance
                                     ------------------------------------
                                         2009         2008       Change
                                     -----------  -----------  ----------
Passengers                               222,578      215,125         3.5%
Available Seat Miles (000)                93,220      100,669        (7.4)%
Revenue Passenger Miles (000)             53,984       51,432         5.0%
Load Factor                                 57.9%        51.1%   6.8 pts.
Block Hours                               11,421       12,648        (9.7)%
Departures                                 9,315       10,244        (9.1)%

Fleet
  SAAB 340                                    34           38       (10.5)%
  Beech 1900                                   -            5      (100.0)%
  Q400                                        14           15        (6.7)%



                                           Year-To-Date Performance
                                     ------------------------------------
                                         2009         2008       Change
                                     -----------  -----------  ----------
Passengers                             2,045,716    1,852,341        10.4%
Available Seat Miles (000)               824,568      772,008         6.8%
Revenue Passenger Miles (000)            479,213      412,559        16.2%
Load Factor                                 58.1%        53.4%   4.7 pts.
Block Hours                              104,399      116,629       (10.5)%
Departures                                84,104       93,074        (9.6)%

The average length of a Colgan flight was 225 statute miles compared to 225 statute miles in September 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 140 regional jets under Delta brands in the United States, Canada, the Bahamas, Mexico, U.S. Virgin Islands, and Turks and Caicos Islands. 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 more than 1,280 daily flights and transport 13 million passengers a year to 152 cities and towns in North America. The corporate headquarters is located in Memphis, Tenn. Airport hub operations are located in Atlanta, Boston, Detroit, Newark, Washington Dulles, Houston, LaGuardia, Memphis and Minneapolis. 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 September 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