SkyWest, Inc., (NASDAQ: SKYW) (“SkyWest”) today reported 169,939 block hours in August 2016, compared to 180,436 block hours in August 2015, a decrease of 10,497 or 5.8%. The net decrease was consistent with SkyWest’s fleet transition plan to improve the mix of aircraft in its fleet by adding new E175 aircraft, while reducing its 50-seat jets.
The year-over-year net change was primarily driven by approximately 6,500 additional block hours from its E175 aircraft and a decrease of approximately 17,000 block hours from its other aircraft types.
In August 2016, SkyWest’s dual class aircraft represented approximately 42% of SkyWest’s total block hour production for the month compared to approximately 39% for the month of August 2015.
SkyWest reported 1,319,661 block hours for year-to-date August 2016, compared to 1,411,622 block hours year-to-date August 2015, a decrease of 91,961, or 6.5%. This net change was primarily driven by approximately 59,500 additional block hours from its E175 aircraft and a decrease of approximately 151,500 block hours from its other aircraft types.
SkyWest had 101,887 departures in August 2016 compared to 107,724 in August 2015, a decrease of 5,837, or 5.4%. SkyWest generated 2.98 billion available seat miles (ASMs) for August 2016, compared to 3.19 billion ASMs for August 2015, or a 6.5% decrease. Additional flight statistics for August, including passengers enplaned, revenue passenger miles, and passenger load factors, are included in the accompanying table.
SKYWEST, INC. AUGUST FLIGHT STATISTICS |
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Block Hour Summary: |
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Month |
Month |
Month |
YTD |
YTD |
YTD |
|
By Fleet: |
August 2016 |
August 2015 |
% Change |
August 2016 |
August 2015 |
% Change |
E175 |
19,617 |
13,126 |
49.5 |
132,262 |
72,773 |
81.7 |
CRJ900 |
17,752 |
18,032 |
(1.6) |
138,949 |
140,453 |
(1.1) |
CRJ700 |
34,650 |
39,337 |
(11.9) |
286,355 |
298,814 |
(4.2) |
Dual class fleet |
72,019 |
70,495 |
2.2 |
557,566 |
512,040 |
8.9 |
CRJ200 |
54,767 |
57,077 |
(4.0) |
427,057 |
452,835 |
(5.7) |
ERJ135/145 |
43,153 |
52,864 |
(18.4) |
335,038 |
434,423 |
(22.9) |
EMB-120 |
– |
– |
– |
– |
12,324 |
(100.0) |
Single class fleet |
97,920 |
109,941 |
(10.9) |
762,095 |
899,582 |
(15.3) |
Total Block Hours |
169,939 |
180,436 |
(5.8) |
1,319,661 |
1,411,622 |
(6.5) |
Month |
Month |
Month |
YTD |
YTD |
YTD |
|
By Airline: |
August 2016 |
August 2015 |
% Change |
August 2016 |
August 2015 |
% Change |
SkyWest Airlines |
97,427 |
95,795 |
1.7 |
748,627 |
717,243 |
4.4 |
ExpressJet Airlines |
72,512 |
84,641 |
(14.3) |
571,034 |
694,379 |
(17.8) |
Total Block Hours |
169,939 |
180,436 |
(5.8) |
1,319,661 |
1,411,622 |
(6.5) |
Other Flight Statistics: |
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Month |
Month |
Month |
YTD |
YTD |
YTD |
|
August 2016 |
August 2015 |
% Change |
August 2016 |
August 2015 |
% Change |
|
Departures |
101,887 |
107,724 |
(5.4) |
786,751 |
835,425 |
(5.8) |
Available Seat Miles |
2,978,204,519 |
3,185,369,526 |
(6.5) |
23,188,223,704 |
24,264,573,759 |
(4.4) |
Revenue Passenger Miles |
2,461,850,478 |
2,666,670,171 |
(7.7) |
18,965,916,986 |
20,086,374,790 |
(5.6) |
Passengers |
4,779,123 |
5,056,084 |
(5.5) |
36,249,596 |
38,095,133 |
(4.8) |
Load Factor |
82.7 |
83.7 |
(1.0) pts |
81.8 |
82.8 |
(1.0) pts |
About SkyWest
SkyWest, Inc. is the holding company for two scheduled passenger airline operations and an aircraft leasing company and is headquartered in St. George, Utah. SkyWest’s airline companies provide commercial air service in cities throughout North America with more than 3,000 scheduled daily flights carrying nearly 57 million passengers annually. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. ExpressJet Airlines operates through partnerships with United Airlines, Delta Air Lines and American Airlines. Based in St. George, Utah, SkyWest continues to set the standard for excellence in the regional industry with unmatched value for customers, shareholders and its nearly 20,000 employees. This press release and additional information regarding SkyWest can be accessed at inc.skywest.com.
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