Pinnacles qauarterly report highlights for CJC pilots.

sherpa

Well-Known Member
http://seekingalpha.com/article/104...-earnings-call-transcript?source=yahoo&page=3

"Looking at each of our two subsidiaries which you will be able to see their independent results in our 10Q filing today, at Colgan we had an $8 million operating income and a 10.9% operating margin."

"There’s been a lot of discussion about the 50 seat jets industry wide and I think it’s important for our investors to understand why we are bullish in our 50 seat fleet. It is the newest fleet in the industry which has a corresponding lower maintenance cost. The lease cost on the aircraft is also very competitive. The Northwest bankruptcy had the effect on our lease rate causing lower lease rate so we have a newer fleet at less than new fleet lease rates I think is the best way to look at that.

That combined with the reliability and low cost we have, should position us very well to operate the aircraft through 2017. The one thing that we should also keep in mind is that the ASA language allows for a one for one swap of larger aircraft for the 50 seaters. So, if Delta decides they’d want to put additional 900s in to Pinnacle and pull 50 seaters out they could do that but that’s the only condition where 50 seaters could come out."

"On the Colgan side we expect block hours in the fourth quarter to be up approximately 18% to 20% versus 2007 and that is driven by the increase of the Q400 fleet there offset by the previously announced reductions in our prorate operations.

Looking at 2009 we expect Pinnacles capacity in terms of block hours to be relatively flat and we also expect Colgan’s capacity to be relatively flat in 2009. There’s an increase of Q400 operations of approximately 35% in ’09 but that is also offset by the decline in block hours related to our SAAB prorate flying."
 

surreal1221

Well-Known Member
Is all of Colgan's flying Prorate?

Who are you guys flying for on a prorate capacity, and who are you guys flying for on a fee-for-departure capacity (if at all?)?

Thanks
 

sherpa

Well-Known Member
Is all of Colgan's flying Prorate?

Who are you guys flying for on a prorate capacity, and who are you guys flying for on a fee-for-departure capacity (if at all?)?

Thanks
pro-rate= all saab flying (usairways, united, continental @IAH)
FFD=Q400 for CAL EWR
 
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