SkyWest reports 2Q net income of $18.7 million

SkyWest, Inc. (St. George) reported operating revenues of $649.8 million for the quarter ended June 30, 2010, compared to $698.8 million for the same period last year. SkyWest also reported net income of $18.7 million or $0.33 per diluted share, for the quarter ended June 30, 2010, compared to $26.2 million of net income or $0.46 per diluted share, for the same period last year.

At June 30, 2010, SkyWest’s fleet totaled 452 aircraft, consisting of 404 regional jets (232 assigned to Delta Connection, 168 assigned to United Express, four assigned to AirTran Airways) and 48 Embraer EMB-120 Brasilia aircraft (36 assigned to United Express and 12 assigned to Delta Connection).

Today SkyWest announced it had agreed to purchase ExpressJet Holdings which includes ExpressJet Airlines which will be merged into Atlantic Southeast Airlines.

Copyright Photo: Jay Selman. Painted in the old house colors, SkyWest Airlines’ Bombardier CRJ200 (CL-600-2B19) N947SW (msn 7786) prepares to land at Las Vegas.