SkyWest posts 3Q13 net income of USD 26.4m

Utah USA-based airline operator SkyWest Inc (NASDAQ: SKYW) reported net income of USD 26.4m or USD 0.50 per diluted share for the quarter ended September 30 2013 compared to net income of USD 20.9m or USD 0.40 per diluted share for the same period last year.

SkyWest also reported net income of USD 50.3m or USD 0.96 per diluted share, for the nine months ended September 30, 2013, compared to USD 37.2m or USD 0.72 per diluted share, for the same period last year.

The firm said it experienced improved financial results for the quarter ended September 30, 2013, compared to its financial results for the quarter ended September 30, 2012.

SkyWest generated increased operating revenues (after giving effect to reduced fuel, certain engine overhaul and landing fee pass through amounts) primarily due to additional block hour production from increased aircraft utilisation, larger fleet size and rate escalations in SkyWest contracts with its major airline partners.

The firm is the holding company for two scheduled passenger airline operations and an aircraft leasing company.

SkyWest´s scheduled passenger airline operations consist of SkyWest Airlines and ExpressJet Airlines Inc. SkyWest Airlines operates as United Express, Delta Connection, American Eagle and US Airways Express carriers under contractual agreements with United (NYSE: UAL), Delta (NYSE: DAL), American Airlines (OTC: AAMRQ) and US Airways (NYSE: LCC).

Find out more at www.skywest.com.

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