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SkyWest US operating profit doubles in 3Q2012

8-Nov-2012 1:41 PM

SkyWest Airlines revenue down 9% - financial highlights for three months ended 30-Sep-2012:

  • Operating revenue: USD865.3 million, -9.4% year-on-year;
  • Operating costs: USD810.3 million, -12.7%;
    • Labour: USD297.1 million, +3.0%;
    • Aircraft maintenance, materials and repairs: USD163.8 million, -13.7%;
  • Operating profit: USD55.0 million, +105%;
  • Net profit: USD20.9 million, compared to a profit of USD116,000 in p-c-p;
  • Passenger numbers: 15.7 million, +4.6%;
  • Passenger load factor: 82.2%, +0.8 ppt;
  • Passenger breakeven load factor: 78.8%, -2.0 ppts;
  • Yield: USD 10.6 cents, -10.9%;
  • Revenue per ASM: USD 8.9 cents, -10.15;
  • Cost per ASM: USD 8.6 cents, -12.2%;
  • Cash and marketable securities: USD739.1 million;
  • Long-term debt: USD1530 million. [more – original PR]