SkyWest (SKYW) Sept. Capacity Declines 5.1%, Traffic Falls 4.2%

October 6, 2016 5:38 PM EDT

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SkyWest, Inc., (NASDAQ: SKYW) ("SkyWest") today reported 154,095 block hours in September 2016, compared to 162,742 block hours in September 2015, a decrease of 8,647 or 5.3%. 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 6,600 additional block hours from its E175 aircraft and a decrease of approximately 15,200 block hours from its other aircraft types.

In September 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 September 2015.

SkyWest reported 1,473,756 block hours for year-to-date September 2016, compared to 1,574,364 block hours year-to-date September 2015, a decrease of 100,608, or 6.4%. This net change was primarily driven by approximately 66,100 additional block hours from its E175 aircraft and a decrease of approximately 166,700 block hours from its other aircraft types.

SkyWest had 93,140 departures in September 2016 compared to 98,005 in September 2015, a decrease of 4,865, or 5.0%. SkyWest generated 2.72 billion available seat miles (ASMs) for September 2016, compared to 2.87 billion ASMs for September 2015, or a 5.1% decrease. Additional flight statistics for September, including passengers enplaned, revenue passenger miles, and passenger load factors, are included in the accompanying table.

SKYWEST, INC. SEPTEMBER FLIGHT STATISTICS

Block Hour Summary:

Month

Month

Month

YTD

YTD

YTD

By Fleet:

September 2016

September 2015

% Change

September 2016

September 2015

% Change

E175

19,111

12,514

52.7

151,373

85,287

77.5

CRJ900

16,240

15,494

4.8

155,189

155,946

(0.5)

CRJ700

29,482

35,329

(16.6)

315,837

334,143

(5.5)

Dual class fleet

64,833

63,337

2.4

622,399

575,376

8.2

CRJ200

49,464

51,703

(4.3)

476,521

504,539

(5.6)

ERJ135/145

39,798

47,702

(16.6)

374,836

482,125

(22.3)

EMB-120

-

-

-

-

12,324

(100.0)

Single class fleet

89,262

99,405

(10.2)

851,357

998,988

(14.8)

Total Block Hours

154,095

162,742

(5.3)

1,473,756

1,574,364

(6.4)

Month

Month

Month

YTD

YTD

YTD

By Airline:

September 2016

September 2015

% Change

September 2016

September 2015

% Change

SkyWest Airlines

86,818

86,498

0.4

835,445

803,741

3.9

ExpressJet Airlines

67,277

76,244

(11.8)

638,311

770,623

(17.2)

Total Block Hours

154,095

162,742

(5.3)

1,473,756

1,574,364

(6.4)

Other Flight Statistics:

Month

Month

Month

YTD

YTD

YTD

September 2016

September 2015

% Change

September 2016

September 2015

% Change

Departures

93,140

98,005

(5.0)

879,891

933,430

(5.7)

Available Seat Miles

2,722,297,031

2,869,841,174

(5.1)

25,910,520,735

27,134,414,933

(4.5)

Revenue Passenger Miles

2,254,278,867

2,353,571,168

(4.2)

21,220,195,853

22,439,945,958

(5.4)

Passengers

4,363,058

4,518,515

(3.4)

40,612,654

42,613,648

(4.7)

Load Factor

82.8

82.0

(0.8) pts

81.9

82.7

(0.8) pts



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