SkyWest reports double-digit operating profit growth in 2Q2016 and 1H2016

SkyWest revenue up 2% - financial highlights:

• Three months ended 30-Jun-2016:
• • Total operating revenue: USD801.3 million, +1.6% year-on-year;
  • • Passenger: USD784.8 million, +1.5%;
    • Ground handling and other: USD16.5 million, +7.9%;
  • Total operating costs: USD717.2 million, -0.2%;
  • • Labour: USD304.2 million, +1.9%;
    • Aircraft maintenance, materials and repairs: USD142.3 million, -9.0%;
  • Operating profit: USD84.1 million, +20.3%;
  • Net profit: USD40.2 million, +27.9%;
  • Passenger numbers: 13.9 million, -5.1%;
  • Passenger load factor: 83.2%, -0.9 ppt;
  • Yield: USD 10.8 cents, +8.0%;
  • Revenue per ASM: USD 9.2 cents, +7.0%;
  • Cost per ASM: USD 8.4 cents, +5.0%;
• Six months ended 30-Jun-2016:
• • Total operating revenue: USD1563 million, +0.9%;
  • • Passenger: USD1529 million, +0.9%;
    • Ground handling and other: USD34.2 million, +3.0%;
  • Total operating costs: USD1417 million, -1.9%;
  • • Labour: USD609.8 million, +1.4%;
    • Aircraft maintenance, materials and repairs: USD281.1 million, -10.6%;
  • Operating profit: USD145.9 million, +40.3%;
  • Net profit: USD67.3 million, +63.9%;
  • Passenger numbers: 26.6 million, -4.6%;
  • Passenger load factor: 81.1%, -1.1 ppt;
  • Yield: USD 10.9 cents, +5.8%;
  • Revenue per ASM: USD 9.1 cents, +4.6%;
  • Cost per ASM: USD 8.4 cents, +1.2%;
  • Average passenger trip length: 526 miles, -0.2%;
  • Total assets: USD4997 million;
  • Cash, restricted cash and marketable securities: USD512.8 million;
  • Total liabilities: USD3420 million. [more - original PR]