Pinnacle Airlines Reports Third Quarter Earnings of $12.6 Million
Pinnacle Airlines Corp. today reported third quarter operating revenue of $168.1 million, resulting in revenue growth over the comparable period in 2003 of 40 percent. The company produced operating income of $18.5 million, an operating margin of 11.0 percent, and net income of $12.6 million.
Operating revenue for the nine months ended September 30, 2004 was $454.1 million, resulting in revenue growth over the comparable period in 2003 of 38 percent. The company produced operating income of $49.8 million, an operating margin of 11.0 percent, and net income of $30.4 million.
The company's capacity in available seat miles (ASMs) increased by 58 percent, block hours increased by 56 percent, and cycles increased by 42 percent during the three months ended September 30, 2004, compared to the same period in 2003.