SkyWest (SKYW) Reports Combined December Traffic
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SkyWest, Inc., (NASDAQ: SKYW) ("SkyWest") today reported 156,788 block hours in December 2016, compared to 166,536 block hours in December 2015, a decrease of 9,748 or 5.9%. 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 10,700 additional block hours from its E175 aircraft and a decrease of approximately 20,400 block hours from its other aircraft types.
In December 2016, SkyWest's dual class aircraft represented approximately 45% of SkyWest's total block hour production for the month compared to approximately 42% for the month of December 2015.
SkyWest reported 1,938,492 block hours for the 2016 year, compared to 2,074,804 block hours for the 2015 year, a decrease of 136,312, or 6.6%. This net change was primarily driven by approximately 93,300 additional block hours from its E175 aircraft and a decrease of approximately 229,600 block hours from its other aircraft types.
SkyWest had 89,553 departures in December 2016 compared to 96,315 in December 2015, or a 7.0% decrease. SkyWest generated 2.71 billion available seat miles (ASMs) for December 2016, compared to 2.90 billion ASMs for December 2015, or a 6.4% decrease. Additional flight statistics for December, including passengers enplaned, revenue passenger miles, and passenger load factors, are included in the accompanying table.
SKYWEST, INC. DECEMBER FLIGHT STATISTICS | ||||||
Block Hour Summary: | ||||||
Month | Month | Month | YTD | YTD | YTD | |
By Fleet: | December 2016 | December 2015 | % Change | December 2016 | December 2015 | % Change |
E175 | 24,884 | 14,217 | 75.0 | 219,421 | 126,108 | 74.0 |
CRJ900 | 17,122 | 18,138 | (5.6) | 205,233 | 207,628 | (1.2) |
CRJ700 | 28,416 | 37,491 | (24.2) | 403,144 | 446,736 | (9.8) |
Dual class fleet | 70,422 | 69,846 | 0.8 | 827,798 | 780,472 | 6.1 |
CRJ200 | 48,111 | 51,540 | (6.7) | 619,840 | 659,358 | (6.0) |
ERJ135/145 | 38,255 | 45,150 | (15.3) | 490,854 | 622,650 | (21.2) |
EMB-120 | - | - | - | - | 12,324 | (100.0) |
Single class fleet | 86,366 | 96,690 | (10.7) | 1,110,694 | 1,294,332 | (14.2) |
Total Block Hours | 156,788 | 166,536 | (5.9) | 1,938,492 | 2,074,804 | (6.6) |
Month | Month | Month | YTD | YTD | YTD | |
By Airline: | December 2016 | December 2015 | % Change | December 2016 | December 2015 | % Change |
SkyWest Airlines | 91,918 | 91,070 | 0.9 | 1,105,031 | 1,074,809 | 2.8 |
ExpressJet Airlines | 64,870 | 75,466 | (14.0) | 833,461 | 999,995 | (16.7) |
Total Block Hours | 156,788 | 166,536 | (5.9) | 1,938,492 | 2,074,804 | (6.6) |
Other Flight Statistics: | ||||||
Month | Month | Month | YTD | YTD | YTD | |
December 2016 | December 2015 | % Change | December 2016 | December 2015 | % Change | |
Departures | 89,553 | 96,315 | (7.0) | 1,153,480 | 1,226,897 | (6.0) |
Available Seat Miles | 2,712,434,814 | 2,899,201,124 | (6.4) | 34,108,350,109 | 35,902,503,098 | (5.0) |
Revenue Passenger Miles | 2,231,816,454 | 2,382,595,687 | (6.3) | 28,015,298,158 | 29,671,910,545 | (5.6) |
Passengers | 4,229,554 | 4,450,219 | (5.0) | 53,539,438 | 56,228,593 | (4.8) |
Load Factor | 82.3 | 82.2 | 0.1 pts | 82.1 | 82.6 | (0.5) pts |
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