SkyWest US reports USD20.5m operating profit in 1Q2012

SkyWest revenue up 6% - financial highlights for three months ended 31-Mar-2012:

• Total operating revenue; USD921.2 million, +6.4% year-on-year;
• Total operating costs: USD900.7 million, +4.0%;
  • Labour: USD290.8 million, +1.6%;
  • Aircraft maintenance, materials and repairs: USD179.6 million, +10.1%;
  • Fuel: USD147.5 million, +16.3%;
• Operating profit: USD20.5 million, +8912%;
• Net profit (loss): (USD682,000), compared to a loss of USD11.1 million in p-c-p;
• Passenger numbers: 13.4 million, +6.4%;
• Passenger load factor: 77.1%, +2.2 ppts;
• Passenger breakeven load factor: 77.0%, +0.4 ppt;
• Yield: USD 13.0 cents, -0.8%;
• Revenue per ASM: USD 10.2 cents, +1.0%;
• Cost per ASM: USD 10.2 cents, -1.0%;
• Cash and marketable securities: USD583.3 million, -9.8% when compared to period ended 31-Dec-2011. [more - original PR]