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2009 passenger counts up at Pinnacle subsidiaries
Memphis Business Journal
Colgan Air Inc. and Pinnacle Airlines Inc., wholly-owned subsidiaries of Memphis-based Pinnacle Airlines Corp. (NASDAQ: PNCL), both ended the year with higher passenger counts than 2008 despite different December performances.
Colgan reported 211,636 passengers for December, down 1.5 percent compared to 214,816 in December last year. Year-to-date, Colgan reported 2.7 million passengers, up 6.7 percent compared to 2.5 million passengers in the same year-ago period.
Colgan is in the middle of moving its corporate headquarters from Manassas, Va. to Memphis.
Pinnacle Airlines Inc. reported 867,612 passengers for December, up 0.2 percent compared to 866,033 passengers in December 2008. Year-to-date, the company reported 10.7 million passengers, up 3.6 percent compared to 10.3 million in the same year-ago period.
Last edited by Johnny Ryall; Jan 23, 2010 at 7:17 PM.
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