Skywest Q3 revenue reaches $745m

US regional carrier SkyWest Airlines reported a small profit for Q3 as it experienced increased demand for its services. Net profit at the St. George, Utah-based carrier came in at $9.7m, as revenue rose to $745m during the three months that ended on 30 September. That’s up 63% from $457m during the same period in 2020, but still slightly below the 2019 revenue figure of $760m, the company says on 28 October. Adjusted for a non-cash impairment charge on SkyWest-operated MHIRJ CRJ900 aircraft, the airline reports a net profit of $73.6m. The airline says those aircraft will be replaced by new Embraer E175 aircraft in 2022 and 2023 and are not expected to be extended under the existing flying contract. “We continued to see strong demand for our product during the third quarter,” says CE Chip Childs. “We are excited to place 45 new E175 aircraft into service in the next 18 months and remain focused on our long-term strategy as we continue navigating the pandemic.” The carrier, which operates under fixed contracts for United Airlines, Delta Air Lines, American Airlines and Alaska Airlines, ended the quarter with 486 aircraft in its fleet, up from 478 at the end of Q2, and 448 at the end of Q3 2020.<br/>