Status Update on Previously Announced Agreements Capital expenditures during Q2 2022 were $197 million for the purchase of eight E175s and other fixed assets. Total debt at Jwas $3.3 billion, up from $3.2 billion at March 31, 2022, reflecting the financing of eight new E175 aircraft delivered in Q2 2022. SkyWest had $975 million in cash and marketable securities at June 30, 2022, up from $856 million at Maand $860 million at December 31, 2021. Treasury reflected as an offset to Q2 2021 operating expenses and operating costs from aircraft added to SkyWest’s fleet since Q2 2021. The increase in operating expenses was primarily due to $114 million in payroll support program grants received from U.S. Operating expenses were $710 million in Q2 2022, up 31% from $542 million in Q2 2021. This quarter’s increase in revenue under SkyWest’s flying contracts came from adding 43 aircraft to its operations since Q2 2021, with the remaining revenue increase largely due to COVID-19 revenue concessions given to our major airline partners in Q2 2021. Revenue was $799 million in Q2 2022, up $142 million or 22%, from $657 million in Q2 2021. I want to thank our people for their dedicated, world-class efforts.” As we work through the constraints of an ongoing pilot imbalance and industry-wide staffing challenges, demand for our product remains exceptionally strong. (NASDAQ: SKYW) (“SkyWest”) today reported financial and operating results for Q2 2022, including net income of $54 million, or $1.07 per diluted share, compared to a net income of $62 million, or $1.22 per diluted share, for Q2 2021.Ĭommenting on the results, Chip Childs, Chief Executive Officer of SkyWest, said, “The quarter results reflect the continued strong demand for our product and the impact of our improved fleet mix as we continue investing in our E175 fleet. GEORGE, Utah-( BUSINESS WIRE)-SkyWest, Inc. The Oklahoma City Airport Trust oversees the management and operation of the airport.ST. Will Rogers World Airport is owned by the City of Oklahoma City. The airport serves 29 nonstop destinations with an average of 74 daily departures. Will Rogers World Airport is the city’s commercial airport and accommodates over 3.9 million travelers each year. George, Utah, SkyWest’s industry-leading workforce and excellent leadership team have consistently generated solid operational and economic performance, setting the standard for excellence regional industry. SkyWest operates in partnership with Delta Air Lines, United Airlines, American Airlines and Alaska Airlines and has a fleet of 445 aircraft. With over 13,000 aviation professionals operating more than 2,100 daily flights, SkyWest Airlines connects millions of passengers each month to 241 destinations across North America.
We look forward to continued growth in aviation and aerospace here in Lariat Landing.” “The landside and airside improvements made over the last several years make our airport and city a desirable location for companies like SkyWest. “With today’s grand opening, SkyWest becomes one of the key tenants at Lariat Landing,” said Mark Kranenburg, Airports Director. We look forward to a long and lasting partnership,” said Rhonda Hooper, Chairman, Greater Oklahoma City Chamber of Commerce. This is a significant investment and a vote of confidence in our city and our workforce. “We congratulate SkyWest on this business expansion and welcome their operation to our community. “We’re excited to have such a great partner in SkyWest.” “These are great jobs in a great industry,” said Oklahoma City Mayor David Holt. SkyWest operates in Oklahoma City as a regional carrier for four major airlines – Delta Air Lines, United Airlines, American Airlines and Alaska Airlines. The company expects to employ up to 100 professionals at the new facility, with potential for more. “We’re pleased to add another new, state-of-the-art facility to our operation and look forward to watching our Oklahoma City team continue to grow.” “SkyWest selected Oklahoma City because of its location, competitive costs and connectivity throughout our operation,” said Mike Thompson, SkyWest Airlines Chief Operating Officer. Construction began in July 2017 and the hangar was completed last month. The new maintenance facility accommodates up to nine regional aircraft and supports overnight maintenance for SkyWest’s four major airline partners. Mike Thompson – SkyWest Airlines Chief Operating Officer will join Oklahoma City Mayor David Holt, OKC Airports Director Mark Kranenburg and Greater Oklahoma City Chamber of Commerce Chairman Rhonda Hooper for remarks at the event. (NASDAQ: SKYW) celebrates the opening of their new 135,000-square foot maintenance hangar at WRWA with a ribbon cutting to be held Thursday, Sept. Oklahoma City – SkyWest Airlines, a wholly-owned subsidiary of SkyWest, Inc.
0 kommentar(er)
