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Pinnacle Airlines, Inc. Releases June Performance Data

Thu. July 09, 2009; Posted: 06:01 PM
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Look up the PowerRating of DALw,PNCL and see how it has performed over the past week as well as the current proprietary PowerRating.

MEMPHIS, TN, Jul 09, 2009 (MARKETWIRE via COMTEX) -- PNCL | Quote | Chart | News | PowerRating -- Pinnacle Airlines Corp. (NASDAQ: PNCL | Quote | Chart | News | PowerRating) today released capacity and operational results for its Pinnacle Airlines, Inc. subsidiary for June 2009.

                                    June Performance
                                  2009          2008        Change
                              -----------   -----------   ----------
Passengers                        986,882       919,700          7.3 %
Available Seat Miles (000)        527,477       533,121         (1.1)%
Revenue Passenger Miles (000)     430,876       432,503         (0.4)%
Load Factor                          81.7%         81.1%     0.6 pts
Block Hours                        36,049        36,968         (2.5)%
Departures                         23,266        22,307          4.3 %
Fleet
      CRJ-200                         124           129         (3.9)%
      CRJ-900                          16             9         77.8 %

                                Year-To-Date Performance
                                   2009          2008        Change
                               -----------   -----------   ----------
Passengers                       5,163,352     5,150,849          0.2 %
Available Seat Miles (000)       3,129,301     3,116,125          0.4 %
Revenue Passenger Miles (000)    2,301,384     2,386,709         (3.6)%
Load Factor                           73.5%         76.6%   (3.1) pts
Block Hours                        215,715       224,112         (3.7)%
Departures                         135,456       133,789          1.2 %

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 431 statute miles compared to 468 statute miles in June 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 140 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 June 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

 
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