MEMPHIS, TN, Jan 07, 2010 (MARKETWIRE via COMTEX) -- Pinnacle Airlines Corp. (NASDAQ: PNCL) today released capacity and
operational results for its Pinnacle Airlines, Inc. subsidiary for
December 2009.
December Performance
-----------------------------------
2009 2008 Change
---------- ---------- ------
Passengers 867,612 866,033 0.2%
Available Seat Miles (000) 497,627 537,301 (7.4)%
Revenue Passenger Miles (000) 378,164 407,339 (7.2)%
Load Factor 76.0% 75.8% 0.2 pts.
Block Hours 35,949 38,642 (7.0)%
Departures 22,282 22,252 0.1%
Fleet
CRJ-200 126 124 1.6%
CRJ-900 16 18 (11.1)%
Year-To-Date Performance
-----------------------------------
2009 2008 Change
---------- ---------- ------
Passengers 10,770,780 10,392,982 3.6%
Available Seat Miles (000) 6,108,609 6,320,269 (3.3)%
Revenue Passenger Miles (000) 4,640,392 4,844,526 (4.2)%
Load Factor 76.0% 76.7% (0.7)pts.
Block Hours 426,432 442,911 (3.7)%
Departures 273,077 267,893 1.9%
Pinnacle reports its total Passengers, Revenue Passenger Miles
(RPMs), and Load Factor each month, even though fluctuations do not
affect revenues received under capacity purchase agreements with
Delta Air Lines, its mainline partner.
The average length of a Pinnacle flight was 428 statute miles
compared to 460 statute miles in December 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 142 regional jets under
Delta brands in the United States, Canada, the Bahamas, Mexico, U.S.
Virgin Islands, and Turks and Caicos Islands. 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 more than 1,280 daily flights and transport 13
million passengers a year to 152 cities and towns in North America.
The corporate headquarters is located in Memphis, Tenn. Airport hub
operations are located in Atlanta, Boston, Detroit, Newark,
Washington Dulles, Houston, LaGuardia, Memphis and Minneapolis.
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 September 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