Pinnacle Airlines Q3 net income up

Wed. November 04, 2009; Posted: 09:39 AM

Nov 04, 2009 (Datamonitor via COMTEX) -- PNCL | Quote | Chart | News | PowerRating -- Pinnacle Airlines has reported a net income of $11.38 million, or $0.62 per diluted share, for the third quarter ended September 30, 2009, compared to $6.21 million, or $0.35 per diluted share, for the third quarter ended September 30, 2008.

The company's total operating revenues for the third quarter of 2009 were $217.21 million, compared to $221.79 million for the same quarter of 2008.

For the first nine months ended September 30, 2009, the company has reported a net income of $36.21 million, or $2.01 per diluted share, compared to a net loss of $5.47 million, or $0.31 per diluted share, for the same period of 2008.

Total operating revenues for the first nine months of 2009 were $636.29 million, compared to $647.29 million for the first nine months of 2008.

Phil Trenary, president and CEO of Pinnacle Airlines, said: "Once again, our people at Colgan Air and Pinnacle Airlines have delivered consistent financial performance for our shareholders, despite the many challenges facing our industry today. I offer my thanks to all of our people for the outstanding job they perform day in and day out."

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