SOURCE: Pinnacle Airlines

Pinnacle Airlines

August 07, 2009 17:30 ET

Pinnacle Airlines, Inc. Releases July Performance Data

MEMPHIS, TN--(Marketwire - August 7, 2009) - Pinnacle Airlines Corp. (NASDAQ: PNCL) today released capacity and operational results for its Pinnacle Airlines, Inc. subsidiary for July 2009.

                                               July Performance
                                          2009       2008      Change
                                        ---------  ---------  --------
Passengers                              1,055,590    925,164     14.1 %
Available Seat Miles (000)                533,472    549,332     (2.9)%
Revenue Passenger Miles (000)             436,575    439,189     (0.6)%
Load Factor                                  81.8%      79.9%     1.9 pts.
Block Hours                                37,371     37,188      0.5 %
Departures                                 24,872     22,753      9.3 %
Fleet
  CRJ-200                                     124        125     (0.8)%
  CRJ-900                                      16         11     45.5 %


                                         Year-To-Date Performance
                                      2009         2008       Change
                                  -----------  -----------  ----------
Passengers                          6,218,942    6,076,013        2.4 %
Available Seat Miles (000)          3,662,773    3,665,457       (0.1)%
Revenue Passenger Miles (000)       2,737,960    2,825,898       (3.1)%
Load Factor                              74.8%        77.1%      (2.3) pts.
Block Hours                           253,086      261,300       (3.1)%
Departures                            160,328      156,542        2.4 %

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 408 statute miles compared to 470 statute miles in July 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 in the United States, Canada, the Bahamas, Mexico, U.S. Virgin Islands, and Turks and Caicos Islands under Delta brands. 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 13 million passengers annually 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 July 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