Latest Press Releases

ST. GEORGE, UT, PRNewswire/ -- SkyWest, Inc., (NASDAQ: SKYW) (“SkyWest”) today reported 137,136 block hours in February 2017, compared to 152,822 block hours in February 2016, a decrease of 15,686 or 10.3%. The net decrease was consistent with SkyWest’s fleet transition plan to improve the mix of aircraft in its fleet by adding new E175 aircraft, while reducing its 50-seat jets.

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ST. GEORGE, UT, PRNewswire/ -- SkyWest, Inc., (NASDAQ: SKYW) (“SkyWest”) today reported 153,663 block hours in January 2017, compared to 162,407 block hours in January 2016, a decrease of 8,744 or 5.4%. The net decrease was consistent with SkyWest’s fleet transition plan to improve the mix of aircraft in its fleet by adding new E175 aircraft, while reducing its 50-seat jets.

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ST. GEORGE, Utah, February 2, 2017. SkyWest, Inc. (NASDAQ: SKYW) (“SkyWest”) today reported financial and operating results for the fourth quarter of 2016, including a net loss of $270 million, or $5.22 loss per share, compared to net income of $41 million, or $0.78 earnings per diluted share for Q4 2015. Adjusted net income for Q4 2016 was $29 million, or $0.54 earnings per diluted share, compared to adjusted net income of $25 million, or $0.49 earnings per diluted share for Q4 2015. The adjusted results for Q4 2016 exclude (pre-tax) a $466 million non-cash impairment charge and $7 million of early lease return charges, both previously announced. The improvement in adjusted net income was primarily due to SkyWest’s continued execution on its ongoing fleet transition and strong operating performance.

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ST. GEORGE, UT, PRNewswire/ -- SkyWest, Inc., (NASDAQ: SKYW) (“SkyWest”) today reported 156,788 block hours in December 2016, compared to 166,536 block hours in December 2015, a decrease of 9,748 or 5.9%. The net decrease was consistent with SkyWest’s fleet transition plan to improve the mix of aircraft in its fleet by adding new E175 aircraft, while reducing its 50-seat jets.

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ST. GEORGE, UT, PRNewswire/ -- SkyWest, Inc., (NASDAQ: SKYW) (“SkyWest”) today reported 148,707 block hours in November 2016, compared to 162,989 block hours in November 2015, a decrease of 14,282 or 8.8%. The net decrease was consistent with SkyWest’s fleet transition plan to improve the mix of aircraft in its fleet by adding new E175 aircraft, while reducing its 50-seat jets.

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ST. GEORGE, UT, November 11, 2016 /PRNewswire/ -- The Board of Directors of SkyWest, Inc. (NASDAQ: SKYW) declared a quarterly dividend of $.05 per share to shareholders of record at the close of business on December 30, 2016. The 86th consecutive dividend will be paid on January 6, 2017.

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ST. GEORGE, UT, PRNewswire/ -- SkyWest, Inc., (NASDAQ: SKYW) (“SkyWest”) today reported 159,241 block hours in October 2016, compared to 170,916 block hours in October 2015, a decrease of 11,675 or 6.8%. The net decrease was consistent with SkyWest’s fleet transition plan to improve the mix of aircraft in its fleet by adding new E175 aircraft, while reducing its 50-seat jets.

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ST. GEORGE, Utah, October 27, 2016. SkyWest, Inc. (NASDAQ: SKYW) today reported financial and operating results for the third quarter of 2016, including net income of $41 million or $0.79 per diluted share, up from net income of $36 million or $0.71 per diluted share in Q3 2015. Excluding the $9 million non-cash impact of early lease return charges on six CRJ700s, adjusted diluted earnings per share was $0.90 in Q3 2016. Pre-tax income for the third quarter of 2016 was $67 million compared to $60 million in Q3 2015.

Operating income was $86 million for the third quarter of 2016, compared to $78 million in Q3 2015. The improvement in operating income was primarily due to new aircraft added to profitable flying contracts, strong operating performance at SkyWest Airlines (“SkyWest Airlines”) and ExpressJet Airlines (“ExpressJet”) and economic benefit from SkyWest’s fleet transition.

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ATLANTA – October 17, 2016 — ExpressJet Airlines (“ExpressJet”) and ATP Flight School (“ATP”) today announced a Tuition Reimbursement Program agreement, which promotes the airline pilot career by making it more financially obtainable and providing a direct path to become a pilot at ExpressJet. Per the agreement, graduates of ATP’s Career Pilot Program, with at least 300 hours total time, can interview with ExpressJet. Those who accept ExpressJet’s conditional job offer will receive financial contributions toward their flight training loan payment – up to $11,000 in total – as they earn experience as a paid flight instructor with ATP.

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ST. GEORGE, UT, PRNewswire/ -- SkyWest, Inc., (NASDAQ: SKYW) (“SkyWest”) today reported 154,095 block hours in September 2016, compared to 162,742 block hours in September 2015, a decrease of 8,647 or 5.3%. The net decrease was consistent with SkyWest’s fleet transition plan to improve the mix of aircraft in its fleet by adding new E175 aircraft, while reducing its 50-seat jets. 

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