SkyWest US operating profit doubles in 3Q2012

SkyWest Airlines revenue down 9% - financial highlights for three months ended 30-Sep-2012:

• Operating revenue: USD865.3 million, -9.4% year-on-year;
• Operating costs: USD810.3 million, -12.7%;
  • Labour: USD297.1 million, +3.0%;
  • Aircraft maintenance, materials and repairs: USD163.8 million, -13.7%;
• Operating profit: USD55.0 million, +105%;
• Net profit: USD20.9 million, compared to a profit of USD116,000 in p-c-p;
• Passenger numbers: 15.7 million, +4.6%;
• Passenger load factor: 82.2%, +0.8 ppt;
• Passenger breakeven load factor: 78.8%, -2.0 ppts;
• Yield: USD 10.6 cents, -10.9%;
• Revenue per ASM: USD 8.9 cents, -10.15;
• Cost per ASM: USD 8.6 cents, -12.2%;
• Cash and marketable securities: USD739.1 million;
• Long-term debt: USD1530 million. [more - original PR]