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Thursday, November 6, 2008

PNCL Net at $7M for Q3

Net income of $7.7 million was reported by Pinnacle Airlines Corp. for the third quarter compared to the $10.9 million earned in the year-ago quarter. It also reported consolidated operating income of $20.0 million during the third quarter of 2008, an increase of 33% over the third quarter of 2007. During the third quarter of 2008, Pinnacle Airlines, Inc., the company's regional jet operating subsidiary, reported operating income and an operating margin of $12.0 million and 8.1 percent, respectively, while Colgan Air, Inc., the company's regional turboprop operating subsidiary, reported operating income and an operating margin of $8.0 million and 10.9 percent, respectively.

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