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SkyWest operating profit up 8% in 2Q2013

8-Aug-2013 2:05 PM

SkyWest revenue down 11% - financial highlights:

  • Three months ended 30-Jun-2013:
    • Total operating revenue: USD839.1 million, -10.5% year-on-year;
    • Total operating costs: USD788.6 million, -11.4%;
      • Labour: USD300.3 million, +3.3%;
      • Aircraft maintenance, materials and repairs: USD171.5 million, +2.6%;
    • Operating profit: USD50.6 million, +8.0%;
    • Net profit: USD20.7 million, +22.2%;
    • Passenger numbers: 15.8 million, +5.2%;
    • Passenger load factor: 82.2%, -0.1 ppt;
    • Passenger breakeven load factor: 79.0%, -0.9 ppt;
    • Yield: USD 10.0 cents, -16.7%;
    • Revenue per ASM: USD 8.3 cents, -17.0%;
    • Cost per ASM: USD 8.0 cents, -17.5%;
  • Six months ended 30-Jun-2013:
    • Total operating revenue: USD1643 million, -11.6%;
    • Total operating costs: USD1576 million, -12.0%;
      • Labour: USD597.7 million, +2.8%;
      • Aircraft maintenance, materials and repairs: USD338.7 million, -2.3%;
    • Operating profit: USD66.1 million, -1.7%;
    • Net profit: USD24.0 million, +47.2%;
    • Passenger load factor: 29.8 million, +5.1%;
    • Passenger load factor: 80.6%, +0.9 ppt;
    • Passenger breakeven load factor: 79.1%, +0.6 ppt;
    • Yield: USD 10.4 cents, -16.8%;
    • Revenue per ASM: USD 8.5 cents, -15.8%;
    • Cost per ASM: USD 8.4 cents, -16.0%;
    • Cash and marketable securities: USD665.6 million. [more - original PR]