MEMPHIS, TN -- (Marketwire) -- 08/13/08 -- Pinnacle Airlines Corp. (NASDAQ: PNCL) today
released capacity and operational results for its Colgan Air, Inc.
subsidiary for July 2008.
July 2008 Performance
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2008 2007 Change
------- ------- ------
Passengers 259,687 147,747 75.8%
ASMs (000) 110,446 55,282 99.8%
RPMs (000) 60,019 27,416 118.9%
Departures 12,000 10,134 18.4%
Block Hours 15,172 12,162 24.7%
Load Factor 54.3% 49.6% 4.7 pts
Fleet
SAAB 340 40 42 (4.8)%
Beech 1900 5 10 (50.0)%
Q400 15 - 100%
Year-To-Date Performance
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2008 2007 Change
------- ------- ------
Passengers 1,361,412 887,472 53.4%
ASMs (000) 559,634 363,033 54.2%
RPMs (000) 297,699 165,637 79.7%
Departures 70,754 65,212 8.5%
Block Hours 88,797 77,909 14.0%
Load Factor 53.2% 45.6% 7.6 pts
The average length of a Colgan flight was 220 statute miles compared to 175
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.
Contact:
Joe Williams
901-346-6162