SkyWest (SKYW) Load Factor Fell 1 Point in August 2016

September 12, 2016 6:35 AM EDT

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SkyWest, Inc., (Nasdaq: SKYW) reported 169,939 block hours in August 2016, compared to 180,436 block hours in August 2015, a decrease of 10,497 or 5.8%. 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 6,500 additional block hours from its E175 aircraft and a decrease of approximately 17,000 block hours from its other aircraft types.

In August 2016, SkyWest's dual class aircraft represented approximately 42% of SkyWest's total block hour production for the month compared to approximately 39% for the month of August 2015.

SkyWest reported 1,319,661 block hours for year-to-date August 2016, compared to 1,411,622 block hours year-to-date August 2015, a decrease of 91,961, or 6.5%. This net change was primarily driven by approximately 59,500 additional block hours from its E175 aircraft and a decrease of approximately 151,500 block hours from its other aircraft types.

SkyWest had 101,887 departures in August 2016 compared to 107,724 in August 2015, a decrease of 5,837, or 5.4%. SkyWest generated 2.98 billion available seat miles (ASMs) for August 2016, compared to 3.19 billion ASMs for August 2015, or a 6.5% decrease. Additional flight statistics for August, including passengers enplaned, revenue passenger miles, and passenger load factors, are included in the accompanying table.

SKYWEST, INC. AUGUST FLIGHT STATISTICS

Block Hour Summary:

Month

Month

Month

YTD

YTD

YTD

By Fleet:

August 2016

August 2015

% Change

August 2016

August 2015

% Change

E175

19,617

13,126

49.5

132,262

72,773

81.7

CRJ900

17,752

18,032

(1.6)

138,949

140,453

(1.1)

CRJ700

34,650

39,337

(11.9)

286,355

298,814

(4.2)

Dual class fleet

72,019

70,495

2.2

557,566

512,040

8.9

CRJ200

54,767

57,077

(4.0)

427,057

452,835

(5.7)

ERJ135/145

43,153

52,864

(18.4)

335,038

434,423

(22.9)

EMB-120

-

-

-

-

12,324

(100.0)

Single class fleet

97,920

109,941

(10.9)

762,095

899,582

(15.3)

Total Block Hours

169,939

180,436

(5.8)

1,319,661

1,411,622

(6.5)

Month

Month

Month

YTD

YTD

YTD

By Airline:

August 2016

August 2015

% Change

August 2016

August 2015

% Change

SkyWest Airlines

97,427

95,795

1.7

748,627

717,243

4.4

ExpressJet Airlines

72,512

84,641

(14.3)

571,034

694,379

(17.8)

Total Block Hours

169,939

180,436

(5.8)

1,319,661

1,411,622

(6.5)

Other Flight Statistics:

Month

Month

Month

YTD

YTD

YTD

August 2016

August 2015

% Change

August 2016

August 2015

% Change

Departures

101,887

107,724

(5.4)

786,751

835,425

(5.8)

Available Seat Miles

2,978,204,519

3,185,369,526

(6.5)

23,188,223,704

24,264,573,759

(4.4)

Revenue Passenger Miles

2,461,850,478

2,666,670,171

(7.7)

18,965,916,986

20,086,374,790

(5.6)

Passengers

4,779,123

5,056,084

(5.5)

36,249,596

38,095,133

(4.8)

Load Factor

82.7

83.7

(1.0) pts

81.8

82.8

(1.0) pts



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