SkyWest, Inc., (NASDAQ: SKYW) ha reported 159,214 block hours in June 2017, compared to 168,060 block hours in June 2016, a decrease of 8,846 or 5.3%, 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 13,800 additional block hours from its E175 aircraft and a decrease of approximately 22,600 block hours from its other aircraft types.
In June 2017, SkyWest´s dual class aircraft represented approximately 51% of SkyWest´s total block hour production for the month compared to approximately 43% for the month of June 2016.
SkyWest reported 919,783 block hours for year-to-date June 2017, compared to 980,209 block hours year-to-date June 2016, a decrease of 60,426, or 6.2%. This net change was primarily driven by approximately 76,400 additional block hours from its E175 aircraft and a decrease of approximately 136,800 block hours from its other aircraft types.
SkyWest had 95,990 departures in June 2017 compared to 101,230 in June 2016, a decrease of 5,240, or 5.2%. SkyWest generated 2.84 billion available seat miles (ASMs) for June 2017, compared to 2.95 billion ASMs for June 2016, or a 3.9% decrease. Additional flight statistics for June, including passengers enplaned, revenue passenger miles, and passenger load factors, are included in the accompanying table.
Based in St. George, Utah, SkyWest 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 approximately 50 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.