SkyWest Reports Third-quarter Net Profit of US$48m

DALLAS – Utah-based airline SkyWest (OO) announced a US$48m profit (US$0.96 per diluted share) for the third quarter ending September 30, 2022. The feat was achieved amid a “crew imbalance” stemming from global pilot shortages, said chief executive Chip Childs on October 27, 2022.

The regional carrier—which contracts with Alaska Airlines (AS), Delta Air Lines (DL), and United Airlines (UA)—recorded a 6% increase in revenue, totaling US$789m, when compared to the third quarter in 2021,

The airline’s jump in revenue follows a fleet increase of 33 E175 aircraft since 2021’s Q3 along with the removal of the COVID-19 partner revenue concessions from read more ⇒

Source:: “Airways Magazine”

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