Express Airlines I Now Pinnacle

Aviation International News » June 2002
October 8, 2007, 1:07 PM

Memphis-based Northwest Airlines subsidiary Express Airlines I on May 8 officially changed its name to Pinnacle Airlines ahead of an initial public offering expected to raise $400 million. Expected to issue its IPO within the next month, Pinnacle recently reported a 46.9-percent increase in passengers and a 97.4-percent increase in revenue passenger miles for the first quarter, resulting in a load-factor increase of 11.6 points, to 64 percent. As a result, on June 11 it plans to reinstate a fourth bank of flights from its Memphis hub, which the airline dropped soon after September 11 to help effect a 25-percent drop in capacity. At press time flying 36 Bombardier CRJs and 14 Saab 340s from Detroit, Memphis and Minneapolis, Pinnacle plans to transfer the rest of its turboprop fleet to fellow Northwest Airlines affiliate Mesaba Airlines by the end of the year. It holds firm orders for another 47 forty-four- and fifty-seat CRJs.  

Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.