SkyWest revenue down 7%, yield down 13% in 2Q2010

SkyWest revenue down 7% - financial highlights:

• Three months ended 30-Jun-2010:
  • Revenue: USD649.8 million, -7.0% year-on-year;
  • Operating costs: USD600.5 million, -6.0%;
    • Labour: USD173.7 million, stable;
    • Aircraft maintenance, materials and repair: USD111.4 million, -4.3%;
    • Fuel: USD85.5 million, -33.7%;
  • Operating profit: USD49.3 million, -17.5%;
  • Net profit: USD18.7 million, -28.8%;
  • Passenger numbers: 9.7 million, +9.1%;
  • Load factor: 80.7%, +0.5 ppt;
  • Breakeven load factor: 77.3%, -1.5 ppt;
  • Yield: USD 13.40 cents, -13.0%;
  • Revenue per ASM: USD 10.9 cents, -12.8%;
  • Costs per ASM: USD 10.5 cents, -11.0%;
• Six months ended 30-Jun-2010:
  • Revenue: USD1,282 million, -6.5%;
  • Operating costs: USD1,190 million, -6.3%;
    • Labour: USD352.3 million, +0.4%;
    • Aircraft maintenance, materials and repair: USD+4.6%;
    • Fuel: USD159.0 million, -41.0%;
  • Operating profit: USD91.7 million, -8.8%;
  • Net profit: USD33.7 million, -5.4%;
  • Passenger numbers: 18.4 million, +11.5%;
  • Load factor: 79.0%, +1.3 ppt;
  • Breakeven load factor: 76.0%, +1.5 ppt;
  • Yield: USD 13.8 cents, -15.3%;
  • Revenue per ASM: USD 11.1 cents, -13.3%;
  • Costs per ASM: USD 10.7 cents, -13.0%. [more]