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Pinnacle Airlines Corp revenue stable, profits plummet in 1Q2010

5-May-2010 2:08 PM

Pinnacle Airlines Corp revenue stable – financial highlights for the three months ended 31-Mar-2010:

  • Total operating revenue: USD208.1 million, +0.1% year-on-year;
  • Total operating costs: USD195.4 million, +2.4%;
    • Labour: USD57.4 million, +1.0%;
    • Aircraft rentals: USD30.1 million, -1.4%;
  • Operating profit: USD12.7 million, -25.0%;
  • Net profit: USD1.7 million, -91.0%;
  • Pinnacle Airlines:
    • Passenger numbers: 2.5 million, +3%;
    • Passenger load factor: 72.6%, +3.6 ppts;
    • Operating revenue per ASM: USD 10.86 cents, +10%;
    • Operating cost per ASM: USD 9.86 cents, +10%. [more]

Pinnacle Airlines Corp: "Our first quarter operations were dramatically affected by major winter snowstorms throughout our network, similar to many carriers in the industry. The tough weather conditions adversely impacted our earnings results for our Shareholders…we are well positioned for strong operating performance in the second quarter of 2010,” Phil Trenary, President and CEO. Source: Pinnacle Airlines Corp, 04-May-2010.