SOURCE: Pinnacle Airlines

Pinnacle Airlines

March 08, 2010 17:00 ET

Pinnacle Airlines, Inc. Releases February Performance Data

MEMPHIS, TN--(Marketwire - March 8, 2010) -   Pinnacle Airlines Corp. (NASDAQ: PNCL) today released capacity and operational results for its Pinnacle Airlines, Inc. subsidiary for February 2010.

   February Performance        
  2010     2009     Change  
Passengers 696,537     720,865     (3.4 )%
Available Seat Miles (000) 444,906     490,472     (9.3 )%
Revenue Passenger Miles (000) 302,172     326,450     (7.4 )%
Load Factor 67.9 %   66.6 %   1.3  pts.
Block Hours 32,949     33,666     (2.1 )%
Departures 20,311     20,753     (2.1 )%
Fleet                
  CRJ-200 126     124     1.6 %
  CRJ-900 16     17     (5.9 )%
   
  Year-To-Date Performance         
  2010     2009     Change  
Passengers 1,488,151     1,496,890     (0.6 )%
Available Seat Miles (000) 932,962     1,030,109     (9.4 )%
Revenue Passenger Miles (000) 641,484     683,229     (6.1 )%
Load Factor 68.8 %   66.3 %   2.5  pts.
Block Hours 68,351     71,948     (5.0 )%
Departures 42,615     43,563     (2.2 )%

Pinnacle reports its total Passengers, Revenue Passenger Miles (RPMs), and Load Factor each month, even though fluctuations do not affect revenues received under capacity purchase agreements with Delta Air Lines, its mainline partner.

The average length of a Pinnacle flight was 421 statute miles compared to 450 statute miles in February 2009. 

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 142 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