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Colgan Air, Inc. Releases June Performance Data
Pinnacle Airlines Corp. (NASDAQ: PNCL) today released capacity and operational results for its Colgan Air, Inc. subsidiary for June 2008.
June 2008 Performance
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2008 2007 Change
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Passengers 240,281 146,515 64.0%
ASMs (000) 99,339 53,372 86.1%
RPMs (000) 55,496 27,108 104.7%
Departures 11,039 9,803 12.6%
Block Hours 14,230 11,413 24.7%
Load Factor 55.9% 50.8% 5.1 pts
Fleet
SAAB 340 40 40 0.0%
Beech 1900 5 10 (50.0)%
Q400 13 - 100%
Year-To-Date Performance
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2008 2007 Change
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Passengers 1,101,725 739,725 48.9%
ASMs (000) 449,188 307,751 46.0%
RPMs (000) 237,680 138,221 72.0%
Departures 58,754 55,078 6.7%
Block Hours 73,625 65,747 12.0%
Load Factor 52.9% 44.9% 8.0 pts
The average length of a Colgan flight was 219 statute miles compared to 175 statute miles in June 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 58 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 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 |
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