SkyWest revenue down 18.7%, profit also down in 4Q2009

SkyWest revenue down 18.7% - financial/traffic highlights:

• Three months ended 31-Dec-2009:
  • Total operating revenue: USD604.4 million, -18.7% year-on-year;
  • Total operating cost: USD556.1 million, -19.4%;
    • Labour: USD172.0 million, -1.9%;
    • Aircraft maintenance, materials and repairs: USD108.4 million, +7.4%;
    • Aircraft rentals: USD75.8 million, +2.3%;
    • Fuel: USD59.2 million, -70.1%;
  • Operating profit: USD48.3 million, -10.1%;
  • Net profit: USD19.5 million, -8.0%;
  • Passenger numbers: 8.5 million, +9.0%;
  • Passenger load factor: 78.3%, +0.4 ppt;
  • Passenger breakeven load factor: 74.8%, -0.2 ppt;
  • Yield: USD 13.9 cents, -25.3%;
  • Revenue per ASM: USD 11.0 cents, -24.7%;
  • Cost per ASM: USD 10.5 cents, -25.0%;
• 12 months ended 31-Dec-2009:
  • Total operating revenue: USD2,614 million, -25.2%;
  • Total operating cost: USD2,401 million, -25.9%;
    • Labour: USD698.3 million, -3.6%;
    • Aircraft maintenance, materials and repairs: USD436.0 million, +14.3%;
    • Fuel: USD390.7 million, -68.0%;
  • Operating profit: USD212.2 million, -16.9%;
  • Net profit: USD83.7 million, -25.9%;
  • Passenger numbers: 34.5 million, +3.2%;
  • Passenger load factor: 78.8%, +1.1 ppt;
  • Passenger breakeven load factor: 75.0%, +0.6 ppt;
  • Yield: USD 14.8 cents, -27.1%;
  • Revenue per ASM: USD 11.8 cents, -25.8%;
  • Cost per ASM: USD 11.2 cents, -26.3%. [more][more - Perspective]