SkyWest earnings to take weather-related hit

Washington DC
Source:
This story is sourced from Pro
See more Pro news »

Utah-based regional carrier SkyWest Inc anticipates a $30 million negative revenue impact due to severe weather in the first quarter.

The airline has widened its net loss guidance to $0.46 to $0.41 per share for the quarter as a result, it says in a quarterly outlook on 21 April.

SkyWest cancelled 21,000 flights as a result of the weather conditions during the quarter, it says.

SkyWest Inc owns ExpressJet Airlines and SkyWest Airlines who operate regional services for American Airlines, Delta Air Lines, United Airlines and US Airways.

All of the US mainline carriers anticipate a revenue hit from the weather in the first quarter. American and US Airways anticipate a decrease of $115 million following the cancellation of 34,000 flights, and Delta a decrease of $90 million with 17,000 cancellations.

United anticipates a 1.5% to 2.5% decrease in passenger revenue per available seat mile (PRASM) following 35,000 flight cancellations.