SOURCE: Pinnacle Airlines

Pinnacle Airlines

October 05, 2009 17:00 ET

Pinnacle Airlines, Inc. Releases September Performance Data

MEMPHIS, TN--(Marketwire - October 5, 2009) - Pinnacle Airlines Corp. (NASDAQ: PNCL) today released capacity and operational results for its Pinnacle Airlines, Inc. subsidiary for September 2009.

                                   September Performance
                                    2009          2008       Change
                                 -----------  -----------  ----------
Passengers                           893,648      808,354        10.6 %
Available Seat Miles (000)           464,563      506,450        (8.3)%
Revenue Passenger Miles (000)        358,292      373,209        (4.0)%
Load Factor                             77.1%        73.7%        3.4 pts.
Block Hours                           33,045       34,237        (3.5)%
Departures                            22,038       21,556         2.2 %
Fleet
  CRJ-200                                124          124         0.0 %
  CRJ-900                                 16           11        45.5 %

                                 Year-To-Date Performance
                                    2009          2008       Change
                                 -----------  -----------  ----------
Passengers                         8,116,168    7,769,986         4.5 %
Available Seat Miles (000)         4,638,257    4,715,054        (1.6)%
Revenue Passenger Miles (000)      3,504,903    3,622,776        (3.3)%
Load Factor                             75.6%        76.8%       (1.2) pts.
Block Hours                          322,517      331,744        (2.8)%
Departures                           206,458      200,568         2.9 %

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 401 statute miles compared to 456 statute miles in September 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 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