Pinnacle announces March and 1Q11 traffic for airline subsidiaries

Pinnacle Airlines Corporation (PNCL) has released preliminary traffic results for its three subsidiary airlines, Pinnacle Airlines, Colgan Air and Mesaba Aviation, for March 2011 and for the first quarter of the calendar year.

The three carriers generated 764,419,000 revenue passenger miles (RPMs) in March, a 61.6% increase over last March’s 473,055,000. Available seat miles (ASMs) were up by 69.2% at 1,043,481,000 from March 2010’s figure of 616,708,000.

These figures created a load factor for March of 73.3%, a fall of 3.4 percentage points (pp) on March 2010’s 76.7%. The total number of passengers carried was 1,760,359, compared with 1,188,623 carried in March 2010, a 48.1% increase.

In 1Q11, RPMs totalled 1,953,507,000, an increase of 63.6% over 1Q10’s figure of 1,193,953,000. ASMs were up 67.8% at 2,854,561,000 compared with 1,700,833,000 ASMs in 1Q10.

The resulting load factor for 1Q11 was 68.4%, which was 1.8 pp lower than the 70.2% achieved in 1Q10. The total passengers carried numbered 4,386,458, compared with 3,009,681 in the same period last year, a 45.7% increase.

The large increases in RPMs, ASMs and passengers carried result from PNCL’s acquisition of Mesaba on 1 July 2010.

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