29-Apr-2016 1:04 PM

SkyWest operating profit almost doubles in 1Q2016

SkyWest revenue stable - financial highlights for three months ended 31-Mar-2016:

  • Total operating revenue: USD762.1 million, +0.2% year-on-year;
  • Total operating costs: USD700.3 million, -3.6%;
    • Labour: USD305.6 million, +0.9%;
    • Aircraft maintenance, materials and repairs: USD138.9 million, -12.3%;
  • Operating profit: USD61.8 million, +81.4%;
  • Net profit: USD27.1 million, +182%;
  • Passenger numbers: 12.7 million, -4.0%;
  • Passenger load factor: 79.0%, +1.2 ppt;
  • Yield: USD 11.1 cents, +3.7%;
  • Revenue per ASM: USD 9.0 cents, +3.4%;
  • Cost per ASM: USD 8.4 cents, -2.3%;
  • Average passenger trip length: 531 miles, +0.6%;
  • Total assets: USD4813 million;
  • Cash, restricted cash and marketable securities: USD442.3 million;
  • Total liabilities: USD3277 million). [more - original PR]

SkyWest: "The demand for our service and aircraft is strong and we remain focused on continuing to drive incremental improvement in fleet economics to create long-term value for our stakeholders," Chip Childs, CEO. Source: Company statement, 28-Apr-2016.

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