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Skywest earnings call-yeah

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Oh, Yeah!
Oct 5, 2007

Net income rises 9.2 percent as fuel costs fall
* Revenue plummets 32 pct (Adds analyst estimates, background)
NEW YORK, Nov 5 (Reuters) - Regional airline SkyWest Inc (SKYW.O) posted higher third-quarter earnings on Thursday helped by a 34 percent drop in expenses as fuel costs decreased.
The airline's net income rose 9.2 percent to $28.6 million, or 50 cents per share, from $26.2 million, or 45 cents per share, a year earlier.
Analysts, on average, had forecast a profit of 45 cents per share, according to Thomson Reuters I/B/E/S.
But revenue slumped 32 percent to $637.8 million, missing analyst expectations of $781.3 million.
The airline, whose jets fly for Delta Air Lines (DAL.N) and UAL Corp's United (UAUA.O), pinned the drop in revenue to lower reimbursements for fuel costs paid by the major airlines.
SkyWest includes fuel reimbursements as part of its operating revenue.
SkyWest's stock is down 25 percent this year as airlines cut capacity to grapple with lower travel demand.
During the quarter, SkyWest bought 93,545 shares of its common stock for about $10.46 apiece, or $978,000. The company has the option to buy an additional 2.78 million shares.
The St. George, Utah-based company's quarterly report comes on the heels of earnings from Republic Airways Holdings (RJET.O), which operates several regional airlines and bought Frontier Airlines and Midwest Airlines this year,
Republic posted earnings of 9 cents per share Wednesday after the market closed, missing analysts' expectations of 29 cents per share. (Reporting by Deepa Seetharaman; Editing by Derek Caney and Maureen Bavdek)
how did this check compare to last Q? my bank doesn't show it yet
indeed, see it now
why do these 'airlines" even publish this stuff? Who cares? It is like a kid who gets $20/week allowance but has noo bills saying every quarter he saved more than his parents who gave him the $$ in the first place. Retarded Olympics anyone??

When your connection, express lift carrier goes out and flies its own routes, finds its own pax and stops sucking the tit of the major(s) then we will talk.
The more -200s the come out of revenue guaranteed contracts and into at risk flying the worse those earning will look. There will be a time in the future when having hundreds of 50 seaters on your books will not be a good thing. You can only afford to pay these majors so much to keep them flying. It will be like a hot potato, nobody aka the airlines, lessors and manufactures, wants to get caught with these planes.
Not sure what you mean by paying the majors. If you mean the 80 million dollar loan skyw gave to UAL...do remember that is being paid back at 11% and is backed with physical items. Many of the at risk routes skywest is doing are funded by the government as EAS which have guaranteed revenue if loads don't prevail. The other at risk stuff I assure you has a solid business plan in place as skyw is a very conservative company.

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