SkyWest, Inc. (SKYW), the holding company of SkyWest Airlines and Atlantic Southeast Airlines, Inc., Tuesday reported a rise combined traffic for November, compared to the same month last year. Monthly combined traffic increased 9.4%, on a 7.8% rise in capacity from the comparable period last year. Load factor for November increased 1.1 points from the previous year.
November traffic increased 9.4% to 1.37 billion revenue passenger miles or RPMs from 1.25 billion RPMs last year. Monthly capacity rose 7.8% to 1.78 billion available seat miles or ASMs from 1.65 billion ASMs a year ago. Load factor for the month increased 1.1 points to 77.0% from the previous year.
Passengers boarded for the month increased 10.5% to 2.75 million from 2.48 million a year ago. Block hours increased 2.9% to 106,631 from 103,672 last year.
Year-to-date, traffic increased 1.7% to 16.03 billion RPMs, on a 0.5% capacity rise to 20.31 billion ASMs from the year-ago period. Load factor increased 1.3 points to 78.9% from the previous year.
Passengers boarded for the year-to-date period increased 2.9% to 31.73 million and block hours declined 1.3% to 1.25 million from last year.
SKYW is currently trading at $16.89, up 0.06 or 0.36%, on a volume of 225K shares on the Nasdaq.
For comments and feedback: editorial@rttnews.com