SkyWest reports 2.7% decrease in passenger traffic in December 2018

SkyWest, Inc., (NASDAQ: SKYW) has reported in December 2018, it experienced a decrease of 2.7% in passenger traffic, compared to December 2017, the company said.

The airline reported 147,300 block hours in December 2018, compared to 151,400 block hours in December 2017, a decrease of 4,100. The net decrease was consistent with SkyWest´s fleet transition plan to improve the mix of aircraft in its fleet.

The year-over-year net change was primarily driven by approximately 11,000 additional block hours from its E175 aircraft and a decrease of approximately 15,100 block hours from its other aircraft types.

In December 2018, SkyWest´s E175 aircraft represented approximately 30% of SkyWest´s total block hour production for the month compared to approximately 22% for the month of December 2017.

SkyWest reported 1,757,000 block hours for the 2018 year, compared to 1,840,000 block hours for the 2017 year, a decrease of 83,000, or 4.5%. This net change was primarily driven by approximately 90,000 additional block hours from its E175 aircraft and a decrease of approximately 173,000 block hours from its other aircraft types.

SkyWest had 80,900 departures in December 2018 compared to 84,900 in December 2017, a decrease of 4,000, or 4.7%.

SkyWest, Inc. is the holding company for two scheduled passenger airline operations and an aircraft leasing company with more than 17,000 employees. SkyWest´s airline companies provide commercial air service in cities throughout North America with nearly 3,000 daily flights carrying nearly 50 million passengers annually.