Market Overview

SkyWest, Inc. Reports Combined February 2017 Traffic for SkyWest Airlines and ExpressJet Airlines

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ST. GEORGE, Utah, March 10, 2017 /PRNewswire/ -- SkyWest, Inc., (NASDAQ: SKYW) ("SkyWest") today reported 137,136 block hours in February 2017, compared to 152,822 block hours in February 2016, a decrease of 15,686 or 10.3%. 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 11,000 additional block hours from its E175 aircraft and a decrease of approximately 26,700 block hours from its other aircraft types.   

In February 2017, SkyWest's dual class aircraft represented approximately 48% of SkyWest's total block hour production for the month compared to approximately 41% for the month of February 2016.       

SkyWest reported 290,799 block hours for year-to-date February 2017, compared to 315,229 block hours year-to-date February 2016, a decrease of 24,430, or 7.7%. This net change was primarily driven by approximately 23,500 additional block hours from its E175 aircraft and a decrease of approximately 48,000 block hours from its other aircraft types.

SkyWest had 80,385 departures in February 2017 compared to 89,975 in February 2016, a decrease of 9,590, or 10.7%.  SkyWest generated 2.43 billion available seat miles (ASMs) for February 2017, compared to 2.67 billion ASMs for February 2016, or a 8.7% decrease. Additional flight statistics for February, including passengers enplaned, revenue passenger miles, and passenger load factors, are included in the accompanying table.                                                                           

SKYWEST, INC. FEBRUARY FLIGHT STATISTICS








Block Hour Summary:








Month

Month

Month

YTD

YTD

YTD

By Fleet:

February 2017

February 2016

% Change

February 2017

February 2016

% Change

     E175

24,511

13,420

82.6

50,807

27,328

85.9

     CRJ900

14,739

16,314

(9.7)

31,223

34,099

(8.4)

     CRJ700

26,704

33,548

(20.4)

55,798

69,499

(19.7)

         Dual class fleet

65,954

63,282

4.2

137,828

130,926

5.3








     CRJ200

39,733

49,244

(19.3)

84,212

101,337

(16.9)

     ERJ135/145

31,449

40,296

(22.0)

68,759

82,966

(17.1)

         Single class fleet

71,182

89,540

(20.5)

152,971

184,303

(17.0)








Total Block Hours

137,136

152,822

(10.3)

290,799

315,229

(7.7)
















Month

Month

Month

YTD

YTD

YTD

By Airline:

February 2017

February 2016

% Change

February 2017

February 2016

% Change

     SkyWest Airlines

84,089

84,972

(1.0)

176,214

175,964

0.1

     ExpressJet Airlines

53,047

67,850

(21.8)

114,585

139,265

(17.7)








Total Block Hours

137,136

152,822

(10.3)

290,799

315,229

(7.7)















Other Flight Statistics:








Month

Month

Month

YTD

YTD

YTD


February   2017

February 2016

% Change

February 2017

February 2016

% Change

Departures

80,385

89,975

(10.7)

167,852

184,580

(9.1)

Available Seat Miles

2,432,654,163

2,665,918,669

(8.7)

5,102,896,698

5,498,805,759

(7.2)

Revenue Passenger Miles

1,896,348,371

2,080,897,557

(8.9)

3,942,115,644

4,261,430,493

(7.5)

Passengers

3,634,100

3,937,591

(7.7)

3,131,359

7,997,792

(60.8)

Load Factor

78.0

78.1

(0.1) pts

77.3

77.5

(0.2) 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 54 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.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/skywest-inc-reports-combined-february-2017-traffic-for-skywest-airlines-and-expressjet-airlines-300421963.html

SOURCE SkyWest, Inc.

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