SkyWest : Reports Combined June 2016 Traffic for SkyWest Airlines and ExpressJet Airlines
July 13, 2016 at 02:18 pm EDT
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ST. GEORGE, UT, PRNewswire/ - SkyWest, Inc., (NASDAQ: SKYW) ('SkyWest') today reported 168,060 block hours in June 2016, compared to 176,695 block hours in June 2015, a decrease of 8,635 or 4.9%. The net decrease was consistent with SkyWest's fleet transition plan to improve the mix of aircraft in its fleet by adding new dual class aircraft to its fleet, while reducing its single class aircraft.
The year-over-year net change was primarily driven by approximately 6,500 additional block hours from its dual class aircraft (E175s, CRJ900s and CRJ700s) and a decrease of approximately 15,100 block hours from fewer single class aircraft (CRJ200s, ERJ135s/145s and EMB120s).
In June 2016, SkyWest's dual class aircraft represented approximately 43% of SkyWest's total block hour production for the month compared to approximately 37% for the month of June 2015.
SkyWest reported 980,209 block hours for year-to-date June 2016, compared to 1,048,147 block hours year-to-date June 2015, a decrease of 67,938, or 6.5%. This net change was primarily driven by approximately 41,400 additional block hours from its dual class aircraft and a decrease of approximately 109,300 block hours from fewer single class aircraft.
SkyWest had 101,230 departures in June 2016 compared to 104,441 in June 2015, a decrease of 3,211, or 3.1%. SkyWest generated 2.95 billion available seat miles (ASMs) for June 2016, compared to 3.06 billion ASMs for June 2015, or a 3.4% decrease. Additional flight statistics for June, including passengers enplaned, revenue passenger miles, and passenger load factors, are included in the accompanying table.
SkyWest Inc. published this content on 08 July 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 July 2016 18:18:01 UTC.
Original documenthttp://www.expressjet.com/2016/07/08/skywest-reports-combined-june-2016-traffic-skywest-airlines-expressjet-airlines/
Public permalinkhttp://www.publicnow.com/view/A0278AD5237196033CB15B9C724976CEE374B005
SkyWest, Inc. is the holding company for SkyWest Airlines, Inc. (SkyWest Airlines) and SkyWest Leasing, Inc. (SkyWest Leasing), an aircraft leasing company. The Company operates through two segments: SkyWest Airlines and SWC, and SkyWest Leasing. SkyWest Airlines offers scheduled passenger service to destinations in the United States, Canada and Mexico. The Company's flights are operated as United Express, Delta Connection, American Eagle or Alaska Airlines flights under code-share agreements with United Airlines, Inc., Delta Air Lines, Inc., American Airlines, Inc. or Alaska Airlines, Inc., respectively. SkyWest Airlines has a fleet of approximately 500 aircraft. SkyWest Charter, LLC (SWC) offers on-demand charter service using CRJ200 aircraft in a 30-seat configuration. SkyWest Leasing finances new aircraft with debt under its capacity purchase agreements, consisting of its E175 aircraft. SkyWest Leasing is also engaged in leasing aircraft and engines to third parties.