SOURCE: Pinnacle Airlines
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August 13, 2008 11:00 ET
Pinnacle Airlines, Inc. Releases July Performance Data
MEMPHIS, TN--(Marketwire - August 13, 2008) - Pinnacle Airlines Corp. (NASDAQ: PNCL) today
released capacity and operational results for its Pinnacle Airlines, Inc.
subsidiary for July 2008.
July Performance
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2008 2007 Change
------------ ------------ -----------
Passengers 925,164 914,606 1.2%
Load Factor 79.9% 80.7% (0.8) pts
ASMs (000) 549,332 529,518 3.7%
RPMs (000) 439,189 427,335 2.8%
Departures 22,753 23,086 (1.4)%
Block Hours 37,188 37,562 (1.0)%
Fleet
CRJ-200 125 139 (10.1)%
CRJ-900 11 - 100%
Year-To-Date Performance
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2008 2007 Change
----------- ----------- -----------
Passengers 6,076,013 5,755,519 5.6%
Load Factor 77.1% 76.3% 0.8 pts
ASMs (000) 3,665,457 3,495,076 4.9%
RPMs (000) 2,825,898 2,667,835 5.9%
Departures 156,542 154,121 1.6%
Block Hours 261,300 254,385 2.7%
The average length of a Pinnacle flight was 470 statute miles compared to
462 statute miles in July 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 136 regional jets in the United States
and Canada as Northwest Airlink and Delta Connection. Colgan Air, Inc.
operates a fleet of 60 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 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.