SkyWest, Inc., (NASDAQ: SKYW) has reported 144,180 block hours in November 2017, compared to 148,707 block hours in November 2016, a decrease of 4,527 or 3.0%, 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 9,900 additional block hours from its E175 aircraft and a decrease of approximately 14,400 block hours from its other aircraft types.
In November 2017, SkyWest´s dual class aircraft represented approximately 53% of SkyWest´s total block hour production for the month compared to approximately 44% for the month of November 2016.
SkyWest reported 1,688,342 block hours for year-to-date November 2017, compared to 1,781,704 block hours year-to-date November 2016, a decrease of 93,362, or 5.2%. This net change was primarily driven by approximately 139,200 additional block hours from its E175 aircraft and a decrease of approximately 232,500 block hours from its other aircraft types.
SkyWest had 84,151 departures in November 2017 compared to 88,485 in November 2016, a decrease of 4,334, or 4.9%. Additional flight statistics for November are included in the accompanying table. SkyWest has discontinued providing available seat miles (ASMs) and revenue passenger miles (RPMs) in monthly traffic releases as ASMs and RPMs are not meaningful metrics in SkyWest´s capacity purchase agreements and business model.
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 nearly 3,000 daily flights carrying more than 50 million passengers annually.