SkyWest, Inc. Reports Traffic Results for the Month and Year to Date Ended December 2017
January 08, 2018 at 04:01 pm EST
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SkyWest, Inc. reported traffic results for the month of December 2017. For the month, the company reported 151,437 block hours in December 2017, compared to 156,788 block hours in December 2016, a decrease of 5,351 or 3.4%. 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 9,000 additional block hours from its E175 aircraft and a decrease of approximately 14,400 block hours from its other aircraft types. In December 2017, SkyWest's dual class aircraft represented approximately 53% of SkyWest's total block hour production for the month compared to approximately 45% for the month of December 2016. SkyWest had 84,936 departures in December 2017 compared to 89,553 in December 2016, a decrease of 4,617, or 5.2%.
For year to date, the company reported 1,839,779 block hours for year-to-date December 2017 compared to 1,938,492 block hours year-to-date December 2016, a decrease of 98,713, or 5.1%. This net change was primarily driven by approximately 148,200 additional block hours from its E175 aircraft and a decrease of approximately 246,900 block hours from its other aircraft types.
SkyWest, Inc. is the holding company for SkyWest Airlines, Inc. (SkyWest Airlines) and SkyWest Leasing, Inc. (SkyWest Leasing), an aircraft leasing company. The Company operates through two segments: SkyWest Airlines and SWC, and SkyWest Leasing. SkyWest Airlines offers scheduled passenger service to destinations in the United States, Canada and Mexico. The Company's flights are operated as United Express, Delta Connection, American Eagle or Alaska Airlines flights under code-share agreements with United Airlines, Inc., Delta Air Lines, Inc., American Airlines, Inc. or Alaska Airlines, Inc., respectively. SkyWest Airlines has a fleet of approximately 500 aircraft. SkyWest Charter, LLC (SWC) offers on-demand charter service using CRJ200 aircraft in a 30-seat configuration. SkyWest Leasing finances new aircraft with debt under its capacity purchase agreements, consisting of its E175 aircraft. SkyWest Leasing is also engaged in leasing aircraft and engines to third parties.
SKYWEST, INC. 
