SkyWest reports 5.1% YoY decrease in block hours for April 2017

SkyWest, Inc., (NASDAQ: SKYW) has reported 152,128 block hours in April 2017, compared to 160,322 block hours in April 2016, a decrease of 8,194 or 5.1%, 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 E175 aircraft, while reducing its 50-seat jets.

The year-over-year net change was primarily driven by approximately 12,600 additional block hours from its E175 aircraft and a decrease of approximately 20,800 block hours from its other aircraft types.

In April 2017, SkyWest´s dual class aircraft represented approximately 50% of SkyWest´s total block hour production for the month compared to approximately 42% for the month of April 2016.

SkyWest reported 604,810 block hours for year-to-date April 2017, compared to 647,194 block hours year-to-date April 2016, a decrease of 42,384, or 6.5%. This net change was primarily driven by approximately 49,400 additional block hours from its E175 aircraft and a decrease of approximately 91,800 block hours from its other aircraft types.

SkyWest had 90,600 departures in April 2017 compared to 96,297 in April 2016, a decrease of 5,697, or 5.9%. SkyWest generated 2.72 billion available seat miles (ASMs) for April 2017, compared to 2.84 billion ASMs for April 2016, or a 4.0% decrease.

St. George, Utah-based SkyWest, Inc. is the holding company for two scheduled passenger airline operations and an aircraft leasing company. The company´s airline companies, SkyWest Airlines and ExpressJet Airlines, provide commercial air service in cities throughout North America with more than 2,800 scheduled daily flights carrying nearly 54 million passengers annually.