Colgan Air, Inc. Releases May Performance Data
* Reuters is not responsible for the content in this press release.
MEMPHIS, TN, Jun 06 (MARKET WIRE) --
Pinnacle Airlines Corp. (NASDAQ: PNCL) today released capacity and operational
results for its Colgan Air, Inc. subsidiary for May 2008.
May 2008 Performance
-------------------------------
2008 2007 Change
--------- --------- --------
Passengers 227,782 134,758 69.0 %
ASMs (000) 91,683 55,283 65.8 %
RPMs (000) 51,808 24,888 108.2 %
Departures 10,801 10,103 6.9 %
Block Hours 13,630 11,946 14.1 %
Load Factor 56.5% 45.0% 11.5 pts
Fleet
SAAB 340 40 40 0.0 %
Beech 1900 5 10 (50.0)%
Q400 12 - 100 %
Year To Date Performance
-------------------------------
2008 2007 Change
--------- --------- ---------
Passengers 861,444 593,210 45.2%
ASMs (000) 349,849 254,379 37.5%
RPMs (000) 182,184 111,113 64.0%
Departures 47,715 45,275 5.4%
Block Hours 59,395 54,334 9.3%
Load Factor 52.1% 43.7% 8.4 pts
The average length of a Colgan flight was 211 statute miles compared
to 176 statute miles in May 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., 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 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
Copyright 2008, Market Wire, All rights reserved.
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