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Pinnacle Airlines' 2Q2009 revenue down 4.5%

10-Aug-2009 2:35 PM

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%;
  • 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:

  • Passenger numbers:
    • Pinnacle: 1.1 million, +14.1%;
    • Colgan: 272,269, +4.8%;
  • Load factor:
    • Pinnacle: 81.8%, +1.9 ppt;
    • Colgan: 64.8%, +10.5%.