SkyWest block hours decrease YoY

SkyWest, Inc., (NASDAQ: SKYW) said it has reported 183,039 block hours in July 2015, compared to 204,175 block hours in July 2014, a decrease of 21,136, or 10.4 percent.

The net decrease was consistent with SkyWest´s fleet optimization plan to improve the mix of aircraft in its fleet by adding new dual-class aircraft to its fleet and reducing unprofitable aircraft.

The year-over-year net change included approximately 10,400 additional block hours from its additional 76-seat E175 aircraft and 30,000 fewer block hours from the reduction in the 50-seat jet (CRJ200s and ERJ135s/145s) and 30-seat turboprop (EMB-120) aircraft operating fleet.

In July 2015, SkyWest´s dual class aircraft (CRJ700s, CRJ900s and E175s) represented approximately 38 percent of SkyWest´s total block hour production for the month compared to approximately 30 percent for the month of July 2014.

SkyWest reported 1,231,186 block hours year-to-date through July 2015, compared to 1,330,058 block hours through July 2014, a decrease of 98,872, or 7.4 percent. This net change included approximately 56,700 additional block hours from SkyWest´s 76-seat E175 aircraft and 150,275 fewer block hours from the reduction in the 50-seat jet (CRJ200s and ERJ135s/145s) and 30-seat turboprop (EMB-120) aircraft in its operating fleet.

SkyWest had 109,016 departures in July 2015 compared to 123,244 in July 2014, a decrease of 14,228, or 11.5 percent. SkyWest generated 3.21 billion available seat miles (ASMs) for July 2015, compared to 3.48 billion ASMs for July 2014, or a 7.7 percent decrease. Additional flight statistics for July, including passengers enplaned, revenue passenger miles, and passenger load factors, are included in the accompanying table.