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SkyWest revenue up 37% but profits plummet in 1Q2011

5-May-2011 12:50 PM

SkyWest revenue up 37% - financial highlights for the three months ended 31-Mar-2011:

  • Operating revenue: USD866.0 million, +37.0% year-on-year;
  • Operating costs: USD865.7 million, +46.8%;
    • Labour: USD286.1 million, +60.3%;
    • Aircraft maintenance, materials and repairs: USD163.2 million, +52.8%;
    • Fuel: USD126.7 million, +72.4%;
  • Operating profit: USD227,000, -99.5%;
  • Net profit (loss): (USD11.1 million), compared with a profit of USD15.0 million in p-c-p;
  • Passenger numbers: 12.6 million, +44.0%;
  • Passenger load factor: 74.9%, -2.2 ppts;
  • Passenger breakeven load factor: 76.6%, +2.0 ppts;
  • Passenger yield: USD 13.1 cents, -8.4%;
  • Revenue per ASM: USD 10.1 cents, -9.8%;
  • Cost per ASM: USD 10.3 cents, -4.6%. [more]