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July 11, 2014
19:01 EDTSKYWSkyWest reports combined June traffic for SkyWest Airlines, ExpressJet
SkyWest reported a 1.4% decrease in revenue passenger miles for June, while available seat miles decreased 2.5% compared to June 2013. SkyWest also reported that passenger boardings for June decreased 3.5% to 5,253,163 compared to 5,441,225 for the same period last year. Load factor increased to 84.6% compared to 83.7% in June 2013. The combined airlines generated 2.8B RPMs for the month, while ASMs decreased to 3.3B. SkyWest also reported a decrease of 6.9% in departures to 117,663 for June compared to 126,350 for the same period last year.
News For SKYW From The Last 14 Days
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November 25, 2014
08:48 EDTSKYWEmbraer and SkyWest confirm $301M order for seven E175 jets
Embraer (ERJ) and SkyWest (SKYW), have confirmed a firm order for seven E175 jets. The aircraft will be flown by SkyWest Airlines under a Capacity Purchase Agreement, or CPA with Alaska Airlines. The value of the firm order, which will be included in Embraer's 2014 fourth-quarter backlog, is estimated at $301M based on 2014 list prices. These aircraft are part of SkyWest's previous order for 100, E175 current generation E-Jets with an additional 100 options placed in May 2013, taking the firm order number to a total of 47.
08:03 EDTSKYWAlaska Air expands partnership with SkyWest
Alaska Airlines (ALK) announced it is expanding its partnership with SkyWest (SKYW) with the addition of three new destinations from Alaska's Northwest hubs. Flying on new Embraer E175 jets, Alaska will begin offering daily nonstop service starting July 1 between Seattle and Milwaukee, Wisconsin; Seattle and Oklahoma City, Oklahoma; and Portland, Oregon and St. Louis. SkyWest has purchased seven E175 aircraft to fly on behalf of Alaska under a capacity purchase agreement. The first three aircraft will arrive in the summer of 2015, and the remaining four will be delivered in Q1 2016.
November 17, 2014
18:25 EDTSKYWSkyWest sees Q4 pre-tax charge of $55M-$70M
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