SkyWest block hours down 9% YoY

SkyWest, Inc. (NASDAQ: SKYW) reported 160,322 block hours in April 2016, compared to 176,711 block hours in April 2015, a decrease of 16,389 or 9.3 percent, the company said.

The net decrease was consistent with SkyWest´s fleet transition plan to improve the mix of aircraft in its fleet by adding new dual class aircraft to its fleet, while reducing its single class aircraft.

The year-over-year net change was primarily driven by approximately 4,800 additional block hours from its dual class aircraft (E175s, CRJ900s and CRJ700s) and a decrease of approximately 21,200 block hours from fewer single class aircraft (CRJ200s, ERJ135s/145s and EMB120s).

In April 2016, SkyWest´s dual class aircraft represented approximately 42 percent of SkyWest´s total block hour production for the month compared to approximately 36 percent for the month of April 2015.

SkyWest reported 647,194 block hours for year-to-date April 2016, compared to 693,485 block hours year-to-date April 2015, a decrease of 46,291, or 6.7 percent. This net change was primarily driven by approximately 29,100 additional block hours from its dual class aircraft and a decrease of approximately 75,400 block hours from fewer single class aircraft.

SkyWest had 96,297 departures in April 2016 compared to 104,634 in April 2015, a decrease of 8,337, or 8.0 percent. SkyWest generated 2.84 billion available seat miles (ASMs) for April 2016, compared to 3.04 billion ASMs for April 2015, or a 6.7 percent decrease. Additional flight statistics for April, including passengers enplaned, revenue passenger miles, and passenger load factors, are included in the accompanying table.

Based in St. George, Utah, SkyWest, Inc. is the holding company for two scheduled passenger airline operations and an aircraft leasing company and is headquartered in St. George, Utah. SkyWest´s airline companies provide commercial air service in cities throughout North America with more than 3,000 scheduled daily flights carrying nearly 57 million passengers annually. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. ExpressJet Airlines operates through partnerships with United Airlines, Delta Air Lines and American Airlines.