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5-Aug-2010 1:39 PM

SkyWest revenue down 7%, yield down 13% in 2Q2010

SkyWest revenue down 7% - financial highlights:

  • Three months ended 30-Jun-2010:
    • Revenue: USD649.8 million, -7.0% year-on-year;
    • Operating costs: USD600.5 million, -6.0%;
      • Labour: USD173.7 million, stable;
      • Aircraft maintenance, materials and repair: USD111.4 million, -4.3%;
      • Fuel: USD85.5 million, -33.7%;
    • Operating profit: USD49.3 million, -17.5%;
    • Net profit: USD18.7 million, -28.8%;
    • Passenger numbers: 9.7 million, +9.1%;
    • Load factor: 80.7%, +0.5 ppt;
    • Breakeven load factor: 77.3%, -1.5 ppt;
    • Yield: USD 13.40 cents, -13.0%;
    • Revenue per ASM: USD 10.9 cents, -12.8%;
    • Costs per ASM: USD 10.5 cents, -11.0%;
  • Six months ended 30-Jun-2010:
    • Revenue: USD1,282 million, -6.5%;
    • Operating costs: USD1,190 million, -6.3%;
      • Labour: USD352.3 million, +0.4%;
      • Aircraft maintenance, materials and repair: USD+4.6%;
      • Fuel: USD159.0 million, -41.0%;
    • Operating profit: USD91.7 million, -8.8%;
    • Net profit: USD33.7 million, -5.4%;
    • Passenger numbers: 18.4 million, +11.5%;
    • Load factor: 79.0%, +1.3 ppt;
    • Breakeven load factor: 76.0%, +1.5 ppt;
    • Yield: USD 13.8 cents, -15.3%;
    • Revenue per ASM: USD 11.1 cents, -13.3%;
    • Costs per ASM: USD 10.7 cents, -13.0%. [more]

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