Pinnacle Airlines Corp. (NASDAQ: PNCL) today released capacity and operational results for its Pinnacle Airlines, Inc. subsidiary for April 2010.
April Performance --------------------------------- 2010 2009 Change ---------- ---------- ----------- Passengers 904,397 870,586 3.9 % Available Seat Miles (000) 510,659 509,914 0.1 % Revenue Passenger Miles (000) 391,408 380,279 2.9 % Load Factor 76.6% 74.6% 2.0 pts. Block Hours 35,091 35,270 (0.5)% Departures 23,143 22,739 1.8 % Fleet CRJ-200 126 124 1.6 % CRJ-900 16 17 (5.9)%
Year-To-Date Performance --------------------------------- 2010 2009 Change ---------- ---------- ----------- Passengers 3,359,099 3,255,682 3.2 % Available Seat Miles (000) 1,970,833 2,090,426 (5.7)% Revenue Passenger Miles (000) 1,451,762 1,470,634 (1.3)% Load Factor 73.7% 70.4% 3.3 pts. Block Hours 139,858 144,510 (3.2)% Departures 89,718 89,369 0.4 %
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 421 statute miles compared to 426 statute miles in April 2009.
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, 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