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SkyWest reports January block hours down 5.4%

SkyWest, Inc., (NASDAQ: SKYW) has reported 153,663 block hours in January 2017, compared to 162,407 block hours in January 2016, a decrease of 8,744 or 5.4%, the company said.

The year-over-year net change was primarily driven by approximately 12,400 additional block hours from its E175 aircraft and a decrease of approximately 21,100 block hours from its other aircraft types.

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.

In January 2017, SkyWest´s dual class aircraft represented approximately 47% of SkyWest´s total block hour production for the month compared to approximately 42% for the month of January 2016.

SkyWest had 87,467 departures in January 2017 compared to 94,605 in January 2016, a decrease of 7,138, or 7.5%. The company generated 2.67 billion available seat miles (ASMs) for January 2017, compared to 2.83 billion ASMs for January 2016, or a 5.7% decrease.

St. George, Utah-based SkyWest, Inc. is the holding company for two scheduled passenger airline operations and an aircraft leasing company. The company´s airline companies, SkyWest Airlines and ExpressJet Airlines, provide commercial air service in cities throughout North America with more than 2,800 scheduled daily flights carrying nearly 54 million passengers annually.

SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. ExpressJet Airlines operates through partnerships with United Airlines, Delta Air Lines and American Airlines. The company has nearly 20,000 employees.