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Pinnacle Airlines' revenue up 39.4% in 4Q2010

18-Feb-2011 1:21 PM

Pinnacle Airlines Corp reports (17-Feb-2011) the following financial highlights:

  • 3 months ended Dec-2010:
    • Operating revenue: USD291.6 million,  +39.4% year-on-year;
    • Operating expenses: USD288.3 million, +50.6%;
      • Labour: USD102.4 million, +79.6%;
      • Fuel: USD6.8 million, +11.5%;
    • Operating income: USD3.3 million, -81.2%;
    • Net profit/loss: (USD4.3 million), compared with a net profit of USD5.6 million in p-c-p.
  • 12 months ended Dec-2010:
    • Operating revenue: USD1,021 million, +20.7%;
    • Operating expenses: USD959.2 million, +25.4%:
      • Labour: USD309.8 million, +37.9%;
      • Fuel: USD26.0 million, +17.6%;
    • Operating income: USD61.5 million, -23.8%;
    • Net profit/loss: USD12.8 million, -69.5%;
    • Total assets: USD1,499 million, +16.2%;
    • Total liabilities and stockholders’ equity: USD1,499 million, +16.3%:
    • Cash and cash equivalents at end of period: USD100.1 million, +9.3%. [more]