Skywest US reports operating loss in 4Q2011

Skywest revenue up 13% - financial highlights:

• Three months ended 31-Dec-2011:
  • Operating revenue: USD899.9 million, +13.0% year-on-year;
  • Operating costs: USD904.8 million, +21.5%;
    • Labour: USD289.6 million, +27.4%;
    • Aircraft MRO: USD183.6 million, +23.6%;
    • Fuel: USD144.5 million, +54.1%;
  • Operating profit (loss): (USD5.0 million), compared to a profit of USD51.8 million in p-c-p;
  • Net profit (loss): (USD18.0 million), compared to a profit of USD37.2 million in p-c-p;
  • Passenger numbers: 13.8 million, +17.5%;
  • Passenger load factor: 79.8%, +1.2 ppt;
  • Passenger breakeven load factor: 82.0%, +6.4 ppts;
  • Yield: USD 12.2 cents, -6.9%;
  • Revenue per ASM: USD 9.9 cents, -5.7%;
  • Cost per ASM: USD 10.2 cents, +1.0%;
• 12 months ended 31-Dec-2011:
  • Operating revenue: USD3655 million, +32.2%;
  • Operating costs: USD3614 million, +41.0%;
    • Labour: USD1155 million, +51.0%;
    • Aircraft MRO: USD712.9 million, +46.3%;
    • Fuel: USD592.9 million, +74.3%;
  • Operating profit: USD41.1 million, -79.6%;
  • Net profit (loss): (USD27.3 million), compared to a profit of USD96.4 million in p-c-p;
  • Passenger numbers: 55.8 million, +38.2%;
  • Passenger load factor: 79.3%, stable;
  • Passenger breakeven load factor: 80.2%, +4.2 ppts;
  • Yield: USD 12.3 cents, -8.9%;
  • Revenue per ASM: USD 10.0 cents, -7.4%;
  • Cost per ASM: USD 10.1 cents, -2.9%. [more - original PR]