SkyWest operating profit down 24% in 1Q2013

SkyWest revenue down 13% - financial highlights for three months ended 31-Mar-2013:

• Total operating revenue: USD803.5 million, -12.8% year-on-year;
• Total operating costs: USD787.9 million, -12.5%;
  • Labour: USD297.4 million, +2.3%;
  • Aircraft maintenance, materials and repairs: USD167.2 million, -6.9%;
• Operating profit: USD15.6 million, -23.9%;
• Net profit (loss): USD3.2 million, compared to a loss of USD0.7 million in p-c-p;
• Passenger numbers: 14.0 million, +5.0%;
• Passenger load factor: 78.8%, +1.7 ppt;
• Passenger breakeven load factor: 79.0%, +2.0 ppts;
• Yield: USD 10.8 cents, -16.9%;
• Revenue per ASM: USD 8.7 cents, -14.7%;
• Cost per ASM: USD 8.8 cents, -13.7%;
• Cash and marketable securities: USD631.5 million. [more - original PR]