SkyWest, Inc. Announces Management Changes
Mar 4 15
SkyWest Inc. has named Robert J. Simmons as Chief Financial Officer, effective March 16, 2015. Mr. Simmons will oversee all financial controls, capital management, financing and accounting processes of the holding company, with a focus on improved profitability and value for all SkyWest Inc. stakeholders. He will report to Russell 'Chip' Childs, President of SkyWest Inc. Additionally, Wade Steel, currently Executive Vice President, will assume the position of Chief Commercial Officer. He succeeds Bradford R. Rich, who will retire from the company after more than 25 years. As Chief Commercial Officer, Mr. Steel will oversee contract development and management and development of business opportunities with network airlines, as well as fleet management and purchasing. He will also report to Mr. Childs. Mr. Simmons has a diverse background in corporate finance and public companies and has served as Chairman and board member of the Association for Financial Professionals.
SkyWest Inc. Reports Unaudited Consolidated Earnings and Traffic Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Capital Expenditures Guidance for the Second Half and Full Year of 2015
Feb 12 15
SkyWest Inc. reported unaudited consolidated earnings and traffic results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total operating revenues of $813,855,000 against $804,368,000 a year ago. Operating loss was $19,700,000 against operating income of $30,820,000 a year ago. Loss before income taxes was $36,511,000 against income before income taxes of $15,091,000 a year ago. Net loss was $27,867,000 against net income of $8,609,000 a year ago. Basic and diluted loss per share was $0.54 against basic and diluted earnings per share of $0.17 a year ago. Excluding special items, the company's pretax income was $33.5 million for the fourth quarter of 2014, which is an increase of $18.4 million over the fourth quarter of 2013.
For the year, the company reported total operating revenues of $3,237,447,000 against $3,297,725,000 a year ago. Operating income was $24,848,000 against $153,111,000 a year ago. Loss before income taxes was $16,343,000 against income before income tax of $98,532,000 a year ago. Net loss was $24,154,000 against net income of $58,956,000 a year ago. Basic and diluted loss per was $0.47 against diluted earnings per share of $1.12 a year ago.
For the quarter, the company reported passengers carried of 14,339,705 against 14,829,568 a year ago. Revenue passenger miles were 7,715,787,000 against 7,931,065,000 a year ago. Available seat miles were 9,452,653,000 against 9,692,466,000 a year ago. Passenger load factor was 81.6% against 81.8% a year ago. Passenger breakeven load factor was 85.3% against 80.3% a year ago.
For the year, the company reported passengers carried of 58,962,010 against 60,581,948 a year ago. Revenue passenger miles were 31,499,397,000 against 31,834,735,000 a year ago. Available seat miles were 38,220,150,000 against 39,207,910,000 a year ago. Passenger load factor was 82.4% against 81.2% a year ago. Passenger breakeven load factor was 83.4% against 79.1% a year ago.
For 2015, the company anticipates using $25 million for capital expenditures in the first quarter and $25 million in the second quarter.
The company currently anticipates the CapEx requirements will decrease in the second half of 2015.
SkyWest Inc. Reports Operating Results for the Month Ended January 2015
Feb 6 15
SkyWest Inc. reported operating results for the month ended January 2015. For the month, the company reported passengers carried were 4,292,893 against 4,285,233 a year ago. Revenue passenger miles were 2,278,439,155 against 2,288,803,408 a year ago. Available seat miles were 2,938,923,243 against 2,921,657,318 a year ago. Load factor was 77.5% against 78.3% a year ago.