SkyWest shows 1.3% decrease in revenue passenger miles in January

18 February 2014

SkyWest, Inc. (NASDAQ: SKYW) said it reported an 1.3 percent decrease in revenue passenger miles for January, while available seat miles decreased 3.8 percent compared to January 2013.

SkyWest also reported that passenger boardings for January decreased 4.7 percent to 4,285,233 compared to 4,496,285 for the same period last year. Load factor increased to 78.3 percent compared to 76.4 percent in January 2013. The combined airlines generated 2.2bn RPMs for the month, while ASMs decreased to 2.9bn.

SkyWest also reported a decrease of 8.3 percent in departures to 106,296 for January compared to 115,971 for the same period last year.

January departures were 8.3 percent below the same period in 2013. As a result of the extreme weather conditions in January 2014, SkyWest canceled approximately 10,000 flights due to this extreme weather.

SkyWest is the holding company for two scheduled passenger airline operations and an aircraft leasing company, and is headquartered in St. George, Utah. SkyWest´s scheduled passenger airline operations consist of SkyWest Airlines, also based in St. George, Utah, and ExpressJet Airlines, Inc. (ExpressJet Airlines), based in Atlanta, Georgia. SkyWest Airlines operates as United Express, Delta Connection, American Eagle and US Airways Express carriers under contractual agreements with United, Delta, American Airlines, Inc. (American) and US Airways, Inc. (US Airways). SkyWest Airlines also operates flights for Alaska Airlines under a contractual agreement. ExpressJet Airlines operates as United Express, Delta Connection, and American Eagle carriers under contractual agreements with United, Delta and American. Its website is at www.skywest.com.

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