SkyWest fleet transition lifts Q1 net profit 56%

Ongoing fleet transition at SkyWest continues to drive income growth for the parent of regional carriers SkyWest Airlines and ExpressJet Airlines. The company registered a net profit of US$54.4m for the Q1 of 2018, up 56.3% compared to $34.8m in Q1 2017. SkyWest CE and president Chip Childs said the results “reflect continued solid operating performance combined with the ongoing improvements in our fleet mix … we remain disciplined in our approach to risk and flying commitments and [are] focused on executing a strategy to improve our overall model.” SkyWest’s Q1 revenue totaled $783.4m, up 4.8% year-over-year, reflecting the “net impact of adding new [Embraer] E175 aircraft and improvement in the economics of SkyWest’s fleet mix since Q1 2017,” the company said. <br/>