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SkyWest reports sharp decline in 3Q2011 profits

3-Nov-2011 1:15 PM

SkyWest revenue up 39% – financial highlights for three months ended 30-Sep-2011:

  • Total operating revenue: USD955.4 million, +39.0% year-on-year;
  • Total operating costs: USD928.6 million, +47.7%;
    • Labour: USD288.4 million, +55.6%;
    • Aircraft maintenance, materials and repairs: USD189.8 million, +57.0%;
    • Fuel: USD160.3 million, +83.6%;
  • Operating profit: USD26.8 million, -54.0%;
  • Net profit: USD116,000, -99.5%;
  • Passenger numbers: 15.0 million, +46.2%;
  • Passenger load factor: 81.4%, +0.6 ppt;
  • Passenger breakeven load factor: 80.8%, +4.3 ppts;
  • Yield: USD 11.90 cents, -9.8%;
  • Revenue per ASM: USD 9.90 cents, -9.2%;
  • Cost per ASM: USD 9.80 cents, -4.9%. [more – original PR]