SkyWest, Inc., (NASDAQ: SKYW) (“SkyWest”) today reported 140,000 block hours in November 2018, compared to 144,200 block hours in November 2017, a decrease of 4,200 or 2.9%. The net decrease was consistent with SkyWest’s fleet transition plan to improve the mix of aircraft in its fleet.

The year-over-year net change was primarily driven by approximately 9,300 additional block hours from its E175 aircraft (includes the E175 aircraft and the E175 SC aircraft) and a decrease of approximately 13,500 block hours from its other aircraft types.

In November 2018, SkyWest’s E175 aircraft represented approximately 29% of SkyWest’s total block hour production for the month compared to approximately 22% for the month of November 2017.

SkyWest reported 1,610,000 block hours for year-to-date November 2018, compared to 1,688,000 block hours year-to-date November 2017, a decrease of 78,000, or 4.7%. This net change was primarily driven by approximately 79,000 additional block hours from its E175 aircraft and a decrease of approximately 157,000 block hours from its other aircraft types.

SkyWest had 78,800 departures in November 2018 compared to 84,200 in November 2017, a decrease of 5,400, or 6.3%. Additional flight statistics for November are included in the accompanying table.

WHAT TO TAKE AWAY FROM THIS ARTICLE:

The year-over-year net change was primarily driven by approximately 9,300 additional block hours from its E175 aircraft (includes the E175 aircraft and the E175 SC aircraft) and a decrease of approximately 13,500 block hours from its other aircraft types.
SKYW) (“SkyWest”) today reported 140,000 block hours in November 2018, compared to 144,200 block hours in November 2017, a decrease of 4,200 or 2.
In November 2018, SkyWest’s E175 aircraft represented approximately 29% of SkyWest’s total block hour production for the month compared to approximately 22% for the month of November 2017.