MEMPHIS, TN, Sep 05, 2008 (MARKET WIRE via COMTEX News Network) -- Pinnacle Airlines Corp. (NASDAQ: PNCL) today released capacity and
operational results for its Colgan Air, Inc. subsidiary for August
2008.
August 2008 Performance
2008 2007 Change
-------- -------- --------
Passengers 275,804 153,107 80.1%
ASMs (000) 111,705 57,934 92.8%
RPMs (000) 63,428 28,300 124.1%
Departures 12,076 10,536 14.6%
Block Hours 15,184 12,345 23.0%
Load Factor 56.8% 48.8% 8.0 pts
Fleet
SAAB 340 40 42 (4.8)%
Beech 1900 5 10 (50.0)%
Q400 15 - 100.0%
Year-To-Date Performance
2008 2007 Change
-------- -------- --------
Passengers 1,637,216 1,040,579 57.3%
ASMs (000) 671,339 420,967 59.5%
RPMs (000) 361,127 193,937 86.2%
Departures 82,830 75,748 9.3%
Block Hours 103,981 90,254 15.2%
Load Factor 53.8% 46.1% 7.7 pts
The average length of a Colgan flight was 219 statute miles compared
to 176 statute miles in August 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 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
SOURCE: Pinnacle Airlines