Skywest revenue up 43.7% in 2Q2011

Skywest reports (03-Aug-2011) the following financial highlights for the 3 months ended Jun-2011:

• Revenue: USD933.7 million, +43.7% year-on-year;
• Operating costs: USD914.7 million, +52.3%;
• Operating income: USD19.0 million, -61.4%;
• Net income: USD1.6 million, -91.5%;
• Passenger numbers: 14.5 million, +49.4%;
• Passenger load factor: 80.3%, -0.4 ppt;
• RASM: USD9.90 cents, -9.2%;
• CASM: USD10.00 cents, -4.8%. [more]

Skywest: "Admittedly, this has been a challenging period integrating ExpressJet and Atlantic Southeast while facing several operational and cost challenges. However, we remain optimistic in our ability to improve profitability," Chairman and CEO, Jerry C. Atkin. Source: Company statement, 03-Aug-2011.