SkyWest reports 6% decrease in August 2016 block hours

SkyWest, Inc. (NASDAQ: SKYW) has reported 169,939 block hours in August 2016, compared to 180,436 block hours in August 2015, a decrease of 10,497 or 5.8 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 6,500 additional block hours from its E175 aircraft and a decrease of approximately 17,000 block hours from its other aircraft types.

SkyWest had 101,887 departures in August 2016 compared to 107,724 in August 2015, a decrease of 5,837, or 5.4 percent. SkyWest generated 2.98 billion available seat miles (ASMs) for August 2016, compared to 3.19 billion ASMs for August 2015, or a 6.5 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