ST. GEORGE, Utah, Nov. 8, 2016 /PRNewswire/ -- SkyWest, Inc., (NASDAQ: SKYW) ("SkyWest") today reported 159,241 block hours in October 2016, compared to 170,916 block hours in October 2015, a decrease of 11,675 or 6.8%. 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 7,900 additional block hours from its E175 aircraft and a decrease of approximately 19,600 block hours from its other aircraft types.
In October 2016, SkyWest's dual class aircraft represented approximately 43% of SkyWest's total block hour production for the month compared to approximately 40% for the month of October 2015.
SkyWest reported 1,632,997 block hours for year-to-date October 2016, compared to 1,745,280 block hours year-to-date October 2015, a decrease of 112,283, or 6.4%. This net change was primarily driven by approximately 74,000 additional block hours from its E175 aircraft and a decrease of approximately 186,000 block hours from its other aircraft types.
SkyWest had 95,551 departures in October 2016 compared to 101,640 in October 2015, a decrease of 6,089, or 6.0%. SkyWest generated 2.83 billion available seat miles (ASMs) for October 2016, compared to 3.01 billion ASMs for October 2015, or a 5.8% decrease. Additional flight statistics for October, including passengers enplaned, revenue passenger miles, and passenger load factors, are included in the accompanying table.
SKYWEST, INC. OCTOBER FLIGHT STATISTICS | ||||||
Block Hour Summary: |
||||||
Month |
Month |
Month |
YTD |
YTD |
YTD | |
By Fleet: |
October 2016 |
October 2015 |
% Change |
October 2016 |
October 2015 |
% Change |
E175 |
21,238 |
13,362 |
58.9 |
172,610 |
98,649 |
75.0 |
CRJ900 |
16,941 |
16,635 |
1.8 |
172,131 |
172,581 |
(0.3) |
CRJ700 |
30,712 |
38,284 |
(19.8) |
346,549 |
372,427 |
(6.9) |
Dual class fleet |
68,891 |
68,281 |
0.9 |
691,290 |
643,657 |
7.4 |
CRJ200 |
49,667 |
52,842 |
(6.0) |
526,188 |
557,381 |
(5.6) |
ERJ135/145 |
40,683 |
49,793 |
(18.3) |
415,519 |
531,918 |
(21.9) |
EMB-120 |
- |
- |
- |
- |
12,324 |
(100.0) |
Single class fleet |
90,350 |
102,635 |
(12.0) |
941,707 |
1,101,623 |
(14.5) |
Total Block Hours |
159,241 |
170,916 |
(6.8) |
1,632,997 |
1,745,280 |
(6.4) |
Month |
Month |
Month |
YTD |
YTD |
YTD | |
By Airline: |
October 2016 |
October 2015 |
% Change |
October 2016 |
October 2015 |
% Change |
SkyWest Airlines |
91,582 |
91,174 |
0.4 |
927,027 |
894,915 |
3.6 |
ExpressJet Airlines |
67,659 |
79,742 |
(15.2) |
705,970 |
850,365 |
(17.0) |
Total Block Hours |
159,241 |
170,916 |
(6.8) |
1,632,997 |
1,745,280 |
(6.4) |
Other Flight Statistics: |
||||||
Month |
Month |
Month |
YTD |
YTD |
YTD | |
October 2016 |
October 2015 |
% Change |
October 2016 |
October 2015 |
% Change | |
Departures |
95,551 |
101,640 |
(6.0) |
975,442 |
1,035,070 |
(5.8) |
Available Seat Miles |
2,834,832,761 |
3,010,720,357 |
(5.8) |
28,745,353,496 |
30,145,135,290 |
(4.6) |
Revenue Passenger Miles |
2,364,325,831 |
2,511,840,674 |
(5.9) |
23,584,521,684 |
24,951,786,632 |
(5.5) |
Passengers |
4,519,807 |
4,770,200 |
(5.2) |
45,132,461 |
47,383,848 |
(4.8) |
Load Factor |
83.4 |
83.4 |
- |
82.0 |
82.8 |
(0.8) pts |
About SkyWest
SkyWest, Inc. is the holding company for two scheduled passenger airline operations and an aircraft leasing company. SkyWest's airline companies provide commercial air service in cities throughout North America with approximately 3,100 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 across the regional industry with unmatched value for customers, shareholders and its more than 19,000 employees.
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SOURCE SkyWest, Inc.
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