SkyWest, Inc., (NASDAQ: SKYW) has reported 162,425 block hours in July 2017, compared to 169,513 block hours in July 2016, a decrease of 7,088 or 4.2%, 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 14,600 additional block hours from its E175 aircraft and a decrease of approximately 21,700 block hours from its other aircraft types.
In July 2017, SkyWest´s dual class aircraft represented approximately 52% of SkyWest´s total block hour production for the month compared to approximately 43% for the month of July 2016.
SkyWest reported 1,082,209 block hours for year-to-date July 2017, compared to 1,149,722 block hours year-to-date July 2016, a decrease of 67,513 or 5.9%. This net change was primarily driven by approximately 91,000 additional block hours from its E175 aircraft and a decrease of approximately 158,500 block hours from its other aircraft types.
SkyWest had 97,545 departures in July 2017 compared to 101,935 in July 2016, a decrease of 4,390, or 4.3%.
SkyWest, Inc. is the holding company for two scheduled passenger airline operations and an aircraft leasing company. SkyWest´s airline companies provide commercial air service in cities throughout North America with more than 3,000 daily flights carrying more than 50 million passengers annually.
SkyWest Airlines operates through partnerships with United Airlines (“United”), Delta Air Lines (“Delta”), American Airlines (“American”) and Alaska Airlines. ExpressJet Airlines operates through partnerships with United, Delta and American. Based in St. George, Utah, SkyWest continues to set the standard for excellence across the regional industry with unmatched value for customers, shareholders and its more than 18,000 employees.