SkyWest attributes US$51m Q2 net profit to fleet transition
SkyWest, parent of regional carriers SkyWest Airlines and ExpressJet Airlines, reported a US$50.5m net profit for Q2 2017, up 25.4% over $40.2m net income in Q2 2016. SkyWest’s Q2 revenue increased 1.1% year-over-year to $809.8m while expenses fell 2% to $703.2m, producing $106.6m in operating profit, a 26.7% rise. “Our [Q2] results reflect strong production, solid operating performance and ongoing fleet improvements,” SkyWest CE Chip Childs said, attributing the net growth primarily to SkyWest’s continued fleet transition, including the net impact of the addition of 47 new Embraer E175s, partially offset by the removal of 76 “unprofitable or less profitable aircraft”, including 51 ERJ-145s, 18 Bombardier CRJ200s and 7 CRJ700s, since Q2 2016. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-07-31/unaligned/skywest-attributes-us-51m-q2-net-profit-to-fleet-transition
https://portal.staralliance.com/cms/logo.png
SkyWest attributes US$51m Q2 net profit to fleet transition
SkyWest, parent of regional carriers SkyWest Airlines and ExpressJet Airlines, reported a US$50.5m net profit for Q2 2017, up 25.4% over $40.2m net income in Q2 2016. SkyWest’s Q2 revenue increased 1.1% year-over-year to $809.8m while expenses fell 2% to $703.2m, producing $106.6m in operating profit, a 26.7% rise. “Our [Q2] results reflect strong production, solid operating performance and ongoing fleet improvements,” SkyWest CE Chip Childs said, attributing the net growth primarily to SkyWest’s continued fleet transition, including the net impact of the addition of 47 new Embraer E175s, partially offset by the removal of 76 “unprofitable or less profitable aircraft”, including 51 ERJ-145s, 18 Bombardier CRJ200s and 7 CRJ700s, since Q2 2016. <br/>
