SkyWest US operating profit more than doubles in 2Q2012

SkyWest revenue stable – financial highlights:

• Three months ended 30-Jun-2012:
  • Revenue: USD937.2 million, +0.4% year-on-year;
  • Operating costs: USD890.4 million, -2.7%;
    • Labour: USD290.7 million, +0.2%;
    • Aircraft maintenance, materials and repairs: USD167.2 million, -5.2%;
  • Operating profit: USD46.8 million, +146%;
  • Net profit: USD17.0 million, +974%;
  • Passenger numbers: 15.0 million, +3.6%;
  • Passenger load factor: 82.3%, +2.0 ppts;
  • Passenger breakeven load factor: 79.9%, -0.5 ppt;
  • Yield: USD 12.0 cents, -1.6%;
  • Revenue per ASM: USD 10.0 cents, +0.1%;
  • Cost per ASM: USD 9.7 cents, -3%;
• Six months ended 30-Jun-2012:
  • Revenue: USD1858 million, +3.3%;
  • Operating costs: USD1791 million, +0.6%;
    • Labour: USD581.5 million, +0.9%;
    • Aircraft maintenance, materials and repairs: USD346.8 million, +2.1%;
  • Operating profit: USD67.3 million, +249%;
  • Net profit: USD16.3 million, compared to a loss of USD9.5 million in p-c-p;
  • Passenger numbers: 28.4 million, +4.9%;
  • Passenger load factor: 79.7%, +1.8 ppts;
  • Passenger breakeven load factor: 78.5%, -0.3 ppt;
  • Yield: USD 12.5 cents, -0.8%;
  • Revenue per ASM: USD 10.1 cents, +1.0%;
  • Cost per ASM: USD 10.0 cents, -1.0%;
  • Cash and marketable securities: USD629.5 million. [more – original PR]

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