Pinnacle Airlines Corp. saw a surge in earnings for the third quarter. The company reported consolidated operating income of $23.8 million in the third quarter, up 12.8% compared to $21.1 million in third quarter of 2008.
Pinnacle also reported net income of $11.3 million for the third quarter, compared to $6.2 million in the same year-ago quarter, an increase of over 82 percent.
“Once again, our People at Colgan Air and Pinnacle Airlines have delivered consistent financial performance for our shareholders, despite the many challenges facing our industry today,” said Phil Trenary, the Company’s President and Chief Executive Officer. “I offer my thanks to all of our People for the outstanding job they perform day in and day out.”
Memphis-based Pinnacle is an airline holding company and is the parent company of Pinnacle Airlines Inc. and Colgan Air Inc.
Pinnacle Airlines Corp., an airline holding company, is the parent company of Pinnacle Airlines, Inc. and Colgan Air, Inc. Pinnacle Airlines, Inc. operates under Delta brands and operates 126 CRJ-200 and 16 CRJ-900 regional jet aircraft throughout the United States and in the District of Columbia, Belize, Mexico, Turks and Caicos Islands, the U.S. Virgin Islands and three Canadian provinces. Colgan Air, Inc. operates as Continental Connection, United Express and US Airways Express and operates a fleet of 14 Q400 and 34 Saab aircraft throughout the United States and Canada.