SOURCE: Pinnacle Airlines

March 13, 2008 12:36 ET

Pinnacle Airlines, Inc. Releases February Performance Data

MEMPHIS, TN--(Marketwire - March 13, 2008) - Pinnacle Airlines Corp. (NASDAQ: PNCL) today released capacity and operational results for its Pinnacle Airlines, Inc. subsidiary for February 2008.

During February, Pinnacle achieved a 93.8% completion factor, a 0.1 point increase from February 2007. Completion factor reflects the percentage of completed scheduled flights to total scheduled flights. On-time arrivals were at 67.8%, a 0.9 point decrease from the same period in 2007. On-time departures were at 74.0% reflecting a decrease of 1.4 points from the same period in February 2007. On-time arrivals and departures reflect the percentage of scheduled flights that arrive and depart within 14 minutes of their scheduled arrival and departure times. The average length of a Pinnacle flight was 450 statute miles compared to 458 statute miles in February 2007.

                February 2008 Performance
                --------------------------
                  2008       2007   Change
Passengers      755,391    668,441   13.0%
Load Factor        72.6%      69.4%   3.2 pts
ASMs (000)      466,536    440,240    6.0%
RPMs (000)      338,757    305,416   10.9%
Departures       20,732     19,700    5.2%
Block Hours      35,596     33,524    6.2%
Fleet
  CRJ-200           135        137   (1.5)%
  CRJ-900             5          -    100%


                   Year-To-Date Traffic
                --------------------------
                 2008       2007    Change
Passengers    1,545,678  1,359,000   13.7%
Load Factor        71.1%      67.1%   4.0 pts
ASMs (000)      976,446    924,707    5.6%
RPMs (000)      694,293    620,381   11.9%
Departures       43,577     41,363    5.4%
Block Hours      74,059     69,715    6.2%

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 139 regional jets in the United States and Canada as Northwest Airlink and Delta Connection. 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 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 on line 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