MEMPHIS, TN -- (MARKET WIRE) -- 06/07/07 -- Pinnacle Airlines, Inc., a wholly owned
subsidiary of Pinnacle Airlines Corp. (NASDAQ: PNCL), today released its
passenger and traffic levels for May 2007.
During May, Pinnacle transported 878,463 customers, 10.2% more than the
same period in 2006. Passenger Load Factor was 80.3%, a decrease of 1.5
points below May 2006 levels. For the month, Pinnacle flew 514.9 million
Available Seat Miles ("ASMs"), an 11.8% increase when compared to the same
period in 2006. Pinnacle flew 413.7 million Revenue Passenger Miles
("RPMs"), an increase of 9.9% over May 2006.
For the month, Pinnacle operated 36,645 block hours, a 5.9% increase from
the same period in 2006. Cycles were up 5.0% to 22,406. The average
length of a Pinnacle flight was 464 statute miles compared to 465 statute
miles in May 2006. The term "block hour" refers to the elapsed time
between an aircraft leaving a gate and arriving at a gate, the term "cycle"
refers to an aircraft's departure and corresponding arrival.
During May, all aircraft in the Pinnacle Airlines, Inc. fleet operated with
50 seats. In addition, Pinnacle operated 139 aircraft during the month
compared to 124 aircraft for the same month of 2006.
Pinnacle Airlines Corp., an airline holding company, is the parent company
of Pinnacle Airlines, Inc. and Colgan Air, Inc. Pinnacle Airlines, Inc.
operates under the name NorhtWest Airlink and operates 139 Canadair
Regional Jets in the United States and Canada. Colgan Air, Inc. operates
as Continental Connection, United Express and US Airways Express and
operates a fleet of 40 Saab 340 and 10 Beech 1900 turboprop regional
aircraft. For further information visit our web-site at www.pncl.com.
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 on line 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:
Phil Reed
901-348-4257
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