10-Aug-2009 2:35 PM
Pinnacle Airlines' 2Q2009 revenue down 4.5%
Pinnacle Airlines revenue down 4.5% - consolidated financial highlights:
- Three months ended 30-Jun-2009:
- Revenue: USD211.3 million, -4.5% year-on-year;
- Operating costs: USD189.1 million, -13.5%;
- Labour: USD55.8 million, stable;
- Aircraft rentals: USD30.1 million, -7.4%;
- Operating profit: USD22.2 million, +799.6%;
- Net profit: USD6.0 million, compared to a loss of USD12.9 million in the previous corresponding period;
- Passenger numbers:
- Pinnacle Airlines: 2.8 million, +2%;
- Colgan Air: 305,000, -19%;
- Passenger load factor:
- Pinnacle: 78.2%, -1.2 ppt;
- Colgan: 46.2%, +1.5 ppt;
- Revenue per ASM:
- Pinnacle: USD 9.98 cents, +4%;
- Colgan: USD 33.73 cents, -3%;
- Cost per ASM:
- Pinnacle: USD 8.88 cents, +3%;
- Colgan: USD 18.94 cents, -35%;
- Revenue: USD211.3 million, -4.5% year-on-year;
- Six months ended 30-Jun-2009:
- Revenue: USD419.1 million, -1.5%;
- Operating costs: USD380.0 million, -8.7%;
- Operating profit: USD39.1 million, +322.9%;
- Net profit: USD24.8 million, compared to a loss of USD11.7 million in the previous corresponding period;
- Passenger numbers:
- Pinnacle: 5.2 million, stable;
- Colgan: 553,000, -24%;
- Passenger load factor:
- Pinnacle: 73.5%, -3.1 ppts;
- Colgan: 42.3%, -1.9 ppt;
- Revenue per ASM:
- Pinnacle: USD 9.90 cents, -1%;
- Colgan: USD32.2 cents, -4%;
- Cost per ASM:
- Pinnacle: USD 8.92 cents, -2%;
- Colgan: USD18.95 cents, -36%.
Pinnacle Airlines Corp also reports the following traffic highlights in Jul-2009: