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Pinnacle Airlines revenue up 39%, operating profit up 8% in 3Q2010

10-Nov-2010 12:35 PM

Pinnacle Airlines Corp revenue up 39% - financial highlights for the three months ended 30-Sep-2010:

  • Revenue: USD302.3 million, +39.2% year-on-year;
  • Operating costs: USD276.6 million, +43.0%;
    • Labour: USD92.2 million, +66.4%;
    • Aircraft maintenance, materials and repairs: USD39.2 million, +54.9%;
  • Operating profit: USD25.7 million, +8.1%;
  • Net profit: USD9.4 million, -17.0%;
  • Pinnacle Airlines operating data:
    • Passenger numbers: 2.8 million, -7%;
    • Passenger load factor: 74.8%, -5.0 ppts;
    • Operating revenue per ASM: USD 10.43 cents, +1%;
    • Operating cost per ASM: USD 9.40 cents, +2%;
    • Average sector length: 425 miles, +5%;
  • Mesaba operating data*:
    • Passenger numbers: 1.6 million;
    • Passenger load factor: 77.0%;
    • Operating revenue per ASM: USD 6.05 cents;
    • Operating cost per ASM: USD 5.79 cents;
    • Average sector length: 525 miles;
  • Total assets: USD1,441 million, +11.8% when compared with the period ended 31-Dec-2009;
  • Cash and cash equivalents: USD126.7 million, +38.4% when compared with the period ended 31-Dec-2009;
  • Total liabilities: USD1,318 million, +11.0% when compared with the period ended 31-Dec-2009. [more]

*Acquisition of Mesaba was completed on 01-Jul-2010. Mesaba’s 2010 data includes the period from the acquisition date through the three months ended 30-Sep-2010