SkyWest, Inc. Reports Operating Results for the Third Quarter and Nine Months Ended September 30, 2022
October 27, 2022 at 04:01 pm EDT
Share
SkyWest, Inc. reported operating results for the third quarter and nine months ended September 30, 2022. For the quarter, the company's total block hours were 323,742 hours against 370,462 hours a year ago. Departures were 194,683 against 210,251 a year ago. Passengers carried were 10,715,415 against 10,862,343 a year ago. Passenger load factor was 84.6% against 79.1% a year ago.
For the nine months, the company's total block hours were 969,488 hours against 970,689 hours a year ago. Departures were 570,572 against 550,643 a year ago. Passengers carried were 30,627,250 against 25,872,805 a year ago. Passenger load factor was 82.9% against 72.0% a year ago.
SkyWest, Inc. is the holding company for SkyWest Airlines, Inc. (SkyWest Airlines) and SkyWest Leasing, Inc. (SkyWest Leasing), an aircraft leasing company. The Company operates through two segments: SkyWest Airlines and SWC, and SkyWest Leasing. SkyWest Airlines offers scheduled passenger service to destinations in the United States, Canada and Mexico. The Company's flights are operated as United Express, Delta Connection, American Eagle or Alaska Airlines flights under code-share agreements with United Airlines, Inc., Delta Air Lines, Inc., American Airlines, Inc. or Alaska Airlines, Inc., respectively. SkyWest Airlines has a fleet of approximately 500 aircraft. SkyWest Charter, LLC (SWC) offers on-demand charter service using CRJ200 aircraft in a 30-seat configuration. SkyWest Leasing finances new aircraft with debt under its capacity purchase agreements, consisting of its E175 aircraft. SkyWest Leasing is also engaged in leasing aircraft and engines to third parties.
SKYWEST, INC. 
