SkyWest: Q3 profit, revenue up on fleet transition

SkyWest, parent of SkyWest Airlines and ExpressJet Airlines, again cited the company’s ongoing fleet transition as the primary source of improved revenue and profits, posting US$53.7m in net profit for Q3 2017, up 30% from US$41.3m in Q3 2016. SkyWest’s Q3 revenue was $831.9m, up 4% year-over-year, attributable, the company said, to “the net impact of adding 37 new [Embraer] E175 aircraft since Q32016, partially offset by the removal of 75 unprofitable aircraft over the same period, including 50 ERJ-145s/135s, 22 [Bombardier] CRJ200s and 3 net CRJ700s/900s.” In Q3 alone, SkyWest removed 25 aircraft, including 6 ERJs, 15 CRJs200s and 4 CRJ900s. “Our results reflect strong production, solid operating performance and ongoing fleet transition improvements,” SkyWest CE Chip Childs said. <br/>