Colgan Air, Inc. Releases April Performance Data
MEMPHIS, TN -- (MARKET WIRE) -- May 13, 2008 --
Pinnacle Airlines Corp. (NASDAQ: PNCL) today
released capacity and operational results for its Colgan Air, Inc.
subsidiary for April 2008.
April 2008 Performance
----------------------------
2008 2007 Change
------- ------- --------
Passengers 194,936 134,199 45.3%
ASMs (000) 77,571 52,043 49.1%
RPMs (000) 41,655 25,139 65.7%
Departures 10,114 9,137 10.7%
Block Hours 12,631 11,236 12.4%
Load Factor 53.7% 48.3% 5.4 pts
Fleet
SAAB 340 41 40 3.0%
Beech 1900 4 11 (63.6)%
Q-400 12 - 100%
Year To Date Performance
----------------------------
2008 2007 Change
------- ------- --------
Passengers 633,662 458,452 38.2%
ASMs (000) 258,166 199,096 29.7%
RPMs (000) 130,376 86,225 51.2%
Departures 36,914 35,172 5.0%
Block Hours 45,765 42,388 8.0%
Load Factor 50.5% 43.3% 7.2 pts
The average length of a Colgan flight was 203 statute miles compared to 184
statute miles in April 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
and Canada as Northwest Airlink and Delta Connection. Colgan Air, Inc.
operates a fleet of 57 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 that are
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 on line 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