SkyWest, Inc., (NASDAQ: SKYW) (“SkyWest”) today reported 164,955 block hours in May 2016, compared to 177,967 block hours in May 2015, a decrease of 13,012 or 7.3%. 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 5,800 additional block hours from its dual class aircraft (E175s, CRJ900s and CRJ700s) and a decrease of approximately 18,800 block hours from fewer single class aircraft (CRJ200s, ERJ135s/145s and EMB120s).
In May 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 May 2015.
SkyWest reported 812,149 block hours for year-to-date May 2016, compared to 871,452 block hours year-to-date May 2015, a decrease of 59,303, or 6.8%. This net change was primarily driven by approximately 35,000 additional block hours from its dual class aircraft and a decrease of approximately 94,300 block hours from fewer single class aircraft.
SkyWest had 98,927 departures in May 2016 compared to 105,011 in May 2015, a decrease of 6,084, or 5.8%. SkyWest generated 2.93 billion available seat miles (ASMs) for May 2016, compared to 3.08 billion ASMs for May 2015, or a 5.0% decrease. Additional flight statistics for May, including passengers enplaned, revenue passenger miles, and passenger load factors, are included in the accompanying table.
SKYWEST, INC. MAY FLIGHT STATISTICS |
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Block Hour Summary: |
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Month |
Month |
Month |
YTD |
YTD |
YTD |
|
By Fleet: |
May 2016 |
May 2015 |
% Change |
May 2016 |
May 2015 |
% Change |
E175 |
17,133 |
9,428 |
81.7 |
75,826 |
37,066 |
104.6 |
CRJ900 |
16,907 |
18,123 |
(6.7) |
86,486 |
85,924 |
0.7 |
CRJ700 |
36,953 |
37,606 |
(1.7) |
178,861 |
183,201 |
(2.4) |
Dual class fleet |
70,993 |
65,157 |
9.0 |
341,173 |
306,191 |
11.4 |
CRJ200 |
53,360 |
57,131 |
(6.6) |
262,638 |
280,505 |
(6.4) |
ERJ135/145 |
40,602 |
55,553 |
(26.9) |
208,338 |
272,432 |
(23.5) |
EMB-120 |
– |
126 |
(100.0) |
– |
12,324 |
(100.0) |
Single class fleet |
93,962 |
112,810 |
(16.7) |
470,976 |
565,261 |
(16.7) |
Total Block Hours |
164,955 |
177,967 |
(7.3) |
812,149 |
871,452 |
(6.8) |
Month |
Month |
Month |
YTD |
YTD |
YTD |
|
By Airline: |
May 2016 |
May 2015 |
% Change |
May 2016 |
May 2015 |
% Change |
SkyWest Airlines |
94,689 |
91,021 |
4.0 |
457,298 |
435,194 |
5.1 |
ExpressJet Airlines |
70,266 |
86,946 |
(19.2) |
354,851 |
436,258 |
(18.7) |
Total Block Hours |
164,955 |
177,967 |
(7.3) |
812,149 |
871,452 |
(6.8) |
Other Flight Statistics: |
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Month |
Month |
Month |
YTD |
YTD |
YTD |
|
May 2016 |
May 2015 |
% Change |
May 2016 |
May 2015 |
% Change |
|
Departures |
98,927 |
105,011 |
(5.8) |
481,699 |
514,244 |
(6.3) |
Available Seat Miles |
2,927,530,206 |
3,082,556,926 |
(5.0) |
14,269,227,281 |
14,813,969,549 |
(3.7) |
Revenue Passenger Miles |
2,447,307,959 |
2,604,800,535 |
(6.0) |
11,476,020,347 |
12,082,830,949 |
(5.0) |
Passengers |
4,666,737 |
4,936,999 |
(5.5) |
21,747,311 |
22,884,130 |
(5.0) |
Load Factor |
83.6 |
84.5 |
(1.1) pts |
80.4 |
81.6 |
(1.5) 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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