MEMPHIS, TN -- (Marketwire) -- 11/14/08 -- 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:
Joe Williams
901-346-6162