SkyWest, Inc., (NASDAQ: SKYW) has reported 155,758 block hours in May 2017, compared to 164,955 block hours in May 2016, a decrease of 9,197 or 5.6%, 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 13,200 additional block hours from its E175 aircraft and a decrease of approximately 22,400 block hours from its other aircraft types.
In May 2017, SkyWest´s dual class aircraft represented approximately 50% of SkyWest´s total block hour production for the month compared to approximately 43% for the month of May 2016.
SkyWest reported 760,569 block hours for year-to-date May 2017, compared to 812,149 block hours year-to-date May 2016, a decrease of 51,580, or 6.4%. This net change was primarily driven by approximately 62,600 additional block hours from its E175 aircraft and a decrease of approximately 114,200 block hours from its other aircraft types.
SkyWest had 93,736 departures in May 2017 compared to 98,927 in May 2016, a decrease of 5,191, or 5.2%. SkyWest generated 2.78 billion available seat miles (ASMs) for May 2017, compared to 2.93 billion ASMs for May 2016, or a 5.0% 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 53 million passengers annually. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. ExpressJet Airlines operates through partnerships with United Airlines, Delta Air Lines and American Airlines.
Based in St. George, Utah, SkyWest continues to set the standard for excellence in the regional industry with unmatched value for customers, shareholders and its nearly 19,000 employees.