MEMPHIS, TN -- (Marketwire) -- 06/16/09 -- Pinnacle Airlines Corp. (NASDAQ: PNCL) today
released capacity and operational results for its Colgan Air, Inc.
subsidiary for April and May 2009.
April 2009 Performance
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2009 2008 Change
---------- ---------- ---------
Passengers 223,857 194,936 14.8 %
Available Seat Miles (000) 88,935 77,571 14.6 %
Revenue Passenger Miles (000) 52,466 41,655 26.0 %
Load Factor 59.0% 53.7% 5.3 pts
Block Hours 11,278 12,631 (10.7)%
Departures 9,045 10,114 (10.6)%
Fleet
SAAB 340 34 41 (17.1)%
Beech 1900 - 4 (100.0)%
Q400 14 12 16.7 %
May 2009 Performance
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2009 2008 Change
---------- ---------- ---------
Passengers 236,520 227,782 3.8 %
Available Seat Miles (000) 89,749 91,683 (2.1)%
Revenue Passenger Miles (000) 54,961 51,808 6.1 %
Load Factor 61.2% 56.5% 4.7 pts.
Block Hours 11,203 13,630 (17.8)%
Departures 9,183 10,801 (15.0)%
Fleet
SAAB 340 34 40 (15.0)%
Beech 1900 - 5 (100.0)%
Q400 14 12 16.7 %
Year-To-Date Performance
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2009 2008 Change
---------- ---------- ---------
Passengers 1,036,930 861,444 20.4 %
Available Seat Miles (000) 439,171 349,849 25.5 %
Revenue Passenger Miles (000) 239,736 182,184 31.6 %
Load Factor 54.6% 52.1% 2.5 pts.
Block Hours 56,392 59,395 (5.1)%
Departures 45,316 47,715 (5.0)%
The average length of a Colgan flight was 221 statute miles compared to 203
statute miles in April 2008, and 219 statute miles compared to 211 statute
miles in May 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 141 regional jets in the United States,
Canada, the Bahamas, Mexico, U.S. Virgin Islands, and Turks and Caicos
Islands under Delta brands. 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 over 1,000
daily flights and transport 13 million passengers annually 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