SkyWest reports 5.3% decrease in September 2016 block hours

SkyWest, Inc. (NASDAQ: SKYW) has reported 154,095 block hours in September 2016, compared to 162,742 block hours in September 2015, a decrease of 5.3 percent, the company said.

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 6,600 additional block hours from its E175 aircraft and a decrease of approximately 15,200 block hours from its other aircraft types.

In September 2016, SkyWest´s dual class aircraft represented approximately 42 percent of SkyWest´s total block hour production for the month compared to approximately 39% for the month of September 2015.

SkyWest reported 1,473,756 block hours for year-to-date September 2016, compared to 1,574,364 block hours year-to-date September 2015, a decrease of 100,608, or 6.4 percent.

SkyWest had 93,140 departures in September 2016 compared to 98,005 in September 2015, a decrease of 4,865, or 5.0 percent. SkyWest generated 2.72 billion available seat miles (ASMs) for September 2016, compared to 2.87 billion ASMs for September 2015, or a 5.1 percent decrease.

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.