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SkyWest continues rocky period with minuscule profit on nearly USD1 billion in revenues

Analysis

Maintenance and crew costs, foreign investments and ExpressJet conspired against SkyWest Airlines to result in a net income of USD116,000 on a 39.1% rise in operating revenues to USD955.4 million for the third quarter. In 3Q2010, the company posted net income of USD25.4 million.

The company also cited strains with codesharing partners that conspired to increase training and crew costs again as they tried to balance the volatility of partner requirements. While SkyWest was careful to keep the description plural, it is not entirely clear that United is imposing the same pressure on the company as Delta is.

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