SOURCE: Pinnacle Airlines

November 14, 2008 17:30 ET

Pinnacle Airlines, Inc. Releases October Performance Data

MEMPHIS, TN--(Marketwire - November 14, 2008) - Pinnacle Airlines Corp. (NASDAQ: PNCL) today released capacity and operational results for its Pinnacle Airlines, Inc. subsidiary for October 2008.

                                 October Performance
                          ---------------------------------
                             2008        2007       Change
                          ----------  ----------  ---------
Passengers                   922,234     887,919        3.9 %
Load Factor*                    78.3%       79.4%      (1.1) pts
ASMs (000)                   543,094     507,709        7.0 %
RPMs (000)                   425,322     402,858        5.6 %
Departures                    23,027      22,837        0.8 %
Block Hours                   36,652      37,089       (1.2)%
Fleet
  CRJ-200                        124         139      (10.8)%
  CRJ-900                         14           -      100.0 %


                                Year-To-Date Performance
                             -------------------------------
                               2008       2007       Change
                             ---------  ---------  ---------
Passengers                   8,692,220  8,364,732       3.9 %
Load Factor                       77.0%      76.9%      0.1 pts
ASMs (000)                   5,258,148  5,035,888       4.4 %
RPMs (000)                   4,048,098  3,874,133       4.5 %
Departures                     223,595    222,242       0.6 %
Block Hours                    368,396    366,290       0.6 %

Pinnacle reports its Load Factor each month, even though fluctuations do not affect revenues received under capacity purchase agreements with its mainline partners, Delta and Northwest.

The average length of a Pinnacle flight was 452 statute miles compared to 448 statute miles in October 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 138 regional jets in the United States, Canada, the Bahamas, Mexico, U.S. Virgin Islands, and Turks and Caicos Islands as Northwest Airlink and Delta Connection. Colgan Air, Inc. operates a fleet of 55 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 a year 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 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