MEMPHIS, TN -- (Marketwire) -- 10/10/08 -- Pinnacle Airlines Corp. (NASDAQ: PNCL) today
released capacity and operational results for its Colgan Air, Inc.
subsidiary for September 2008.
September 2008 Performance
-------------------------------
2008 2007 Change
--------- --------- ---------
Passengers 215,125 124,338 73.0%
ASMs (000) 100,669 51,691 94.8%
RPMs (000) 51,432 22,759 126.0%
Departures 10,244 9,675 5.9%
Block Hours 12,648 11,142 13.5%
Load Factor 51.1% 44.0% 7.1 pts
Fleet
SAAB 340 38 42 (9.5)%
Beech 1900 5 7 (28.6)%
Q400 15 - 100.0%
Year-To-Date Performance
-------------------------------
2008 2007 Change
--------- --------- ---------
Passengers 1,852,341 1,164,917 59.0%
ASMs (000) 772,008 472,658 63.3%
RPMs (000) 412,559 216,696 90.4%
Departures 93,074 85,423 9.0%
Block Hours 116,629 101,396 15.0%
Load Factor 53.4% 45.8% 7.6 pts
The average length of a Colgan flight was 225 statute miles compared to 175
statute miles in September 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 135 regional jets in the United States
and Canada as Northwest Airlink and Delta Connection. Colgan Air, Inc.
operates a fleet of 58 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