SkyWest, Inc., (NASDAQ: SKYW) reported 137,136 block hours in February 2017, compared to 152,822 block hours in February 2016, a decrease of 15,686 or 10.3%, 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 11,000 additional block hours from its E175 aircraft and a decrease of approximately 26,700 block hours from its other aircraft types.
In February 2017, SkyWest´s dual class aircraft represented approximately 48% of SkyWest´s total block hour production for the month compared to approximately 41% for the month of February 2016.
SkyWest reported 290,799 block hours for year-to-date February 2017, compared to 315,229 block hours year-to-date February 2016, a decrease of 24,430, or 7.7%. This net change was primarily driven by approximately 23,500 additional block hours from its E175 aircraft and a decrease of approximately 48,000 block hours from its other aircraft types.
SkyWest had 80,385 departures in February 2017 compared to 89,975 in February 2016, a decrease of 9,590, or 10.7%. SkyWest generated 2.43 billion available seat miles (ASMs) for February 2017, compared to 2.67 billion ASMs for February 2016, or a 8.7% decrease.
St. George, Utah-based SkyWest, Inc. is the holding company for two scheduled passenger airline operations and an aircraft leasing company. Its airline companies provide commercial air service in cities throughout North America with more than 3,000 scheduled daily flights carrying nearly 54 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.