Category Archives: American Eagle

SkyWest makes a profit in the third quarter, will fly 20 more CRJ700s and 20 E175s for American

SkyWest, Inc. has reported its financial and operating results for Q3 2020, including net income of $34 million, or $0.66 per diluted share, compared to net income of $91 million, or $1.79 per diluted share, for Q3 2019. The primary factor in SkyWest’s lower results in Q3 2020 compared to Q3 2019 was reduced flight schedules and lower demand resulting from the COVID-19 pandemic.

Commenting on the results, Chip Childs, Chief Executive Officer of SkyWest, said, “Over the past several months, we have worked with our partners and our people to respond quickly and aggressively to the worst crisis our industry has experienced. The SkyWest team continues to demonstrate exceptional dedication and flexibility, and I want to thank them for their hard work and focus through this challenge. We are committed and remain laser-focused on ensuring we are positioned for the long-term, maintaining strong liquidity, and delivering on our partners’ objectives in the recovery.”

Financial Results
Revenue was $457 million in Q3 2020, down from $760 million in Q3 2019, due to the COVID-19 pandemic that caused a significant reduction in the number of scheduled flights SkyWest operated under its flying contracts compared to the same period last year. Total block hours in Q3 2020 were down 41% from Q3 2019.

SkyWest deferred recognizing revenue on $30 million of fixed monthly payments received during Q3 2020, down from $69 million of revenue that was deferred in Q2 2020. SkyWest will recognize the deferred revenue based on completed flights over the remaining contract term.

Operating expenses were $383 million in Q3 2020, down from $614 million in Q3 2019 due to fewer flights operated compared to the same period last year, with $190 millionin CARES Act payroll support (described under “Capital and Liquidity” below) recognized as an offset to salaries and wages expense in Q3 2020. SkyWest anticipates recognizing the remaining $3 million in payroll support grants in Q4 2020.

New Deals
SkyWest secured an agreement to place 20 used CRJ700s under a multi-year flying contract with American Airlines. SkyWest anticipates using its own aircraft not currently under contract with a partner to fulfill this agreement. The aircraft are expected to be placed into service ratably throughout 2021. Following the placement of these 20 aircraft, combined with anticipated placement of four CRJ700s in Q4 2020 and five CRJ700s in 2021 under a previously announced deal, SkyWest is scheduled to have a total of 90 CRJ700s under contract with American by the end of 2021. 

SkyWest also secured agreements to acquire 21 used CRJ700s in a 50-seat configuration and lease the aircraft under a multi-year term to another regional airline operating for United Airlines. The aircraft purchases and leases are expected to be completed in Q4 2020.

Status Update on Previously Announced Deals
SkyWest is coordinating with its major airline partners to optimize the timing of upcoming fleet deliveries under previously announced deals in response to COVID-19 schedule reductions. The anticipated future delivery dates summarized below are based on currently available information and are subject to change.

Flying contract with Delta Air Lines (“Delta”)

  • Four new E175 aircraft to be financed and operated by SkyWest are scheduled for delivery in Q4 2020. Normal cash down payments are already covered by deposits paid last year.
  • One new CRJ900 aircraft to be financed by Delta and operated by SkyWest is scheduled for delivery in 2021.

Flying contract with American for E175 aircraft
Twenty new E175 aircraft to be financed and operated by SkyWest:

  • Five aircraft deliveries are anticipated in Q4 2021 and 15 deliveries in 2022
  • SkyWest anticipates financing the aircraft through debt

Flying contract with Delta for CRJ200 aircraft
As previously announced, SkyWest’s capacity purchase agreement with Delta for CRJ200 aircraft is scheduled to expire in 2020. SkyWest owns the remaining 17 CRJ200 aircraft under contract with Delta as of September 30, 2020. SkyWest has no outstanding financing obligations on these 17 CRJ200 aircraft and anticipates these aircraft will be fully depreciated upon removal from the Delta contract.

Capital and Liquidity
SkyWest had $822 million in cash and marketable securities at September 30, 2020, up from $762 million at June 30, 2020. Total debt at September 30, 2020 was $3.1 billion, up from $3.0 billion at June 30, 2020. Capital expenditures during Q3 2020 was $10 million for a spare engine and other maintenance assets.

During Q3 2020, as previously announced, SkyWest and SkyWest Airlines entered into a $573 million, five-year secured loan facility with the U.S. Treasury Department (“Treasury”) under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). SkyWest Airlines borrowed the minimum required $60 million under the facility at closing. In October, SkyWest increased its loan capacity under this facility to $725 million. SkyWest Airlines has until March 2021 to borrow additional amounts under the facility. SkyWest issued warrants to purchase 211,416 shares of common stock to Treasury in conjunction with the initial $60 million draw.

During Q3 2020, SkyWest received $144 million in payroll support funding, including $101 million in grants and $43 million in unsecured debt, under the previously announced Payroll Support Program Agreement (“PSP Agreement”) with Treasury. In aggregate, SkyWest received $450 million under the PSP Agreement in 2020, including $345 million in direct grants and $105 million in unsecured debt. SkyWest recognized $152 million and $190 million in payroll grant expense reductions in Q2 2020 and Q3 2020, respectively, and anticipates recognizing the remaining $3 millionin Q4 2020.

As of September 30, 2020, SkyWest had a $75 million line of credit facility. SkyWest had approximately $35 million of letters of credit issued under the facility and $40 million available under the line at quarter-end.

American Eagle-SkyWest aircraft photo gallery:

American Eagle ERJ 145 N674RJ skids off the runway at Freeport, Bahamas

American Eagle Embraer ERJ 145 N674RJ operating as flight AA 4194 from Miami skid off the runway at Freeport, Bahamas while landing on October 24, 2020 due to “an issue with the rear landing gear”.

The flight from the Miami hub was operated by Envoy Air.

More from WSVN Channel 7 News in Miami.

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American Airlines to offer preordered meals in premium cabins on more flights than any US airline

American Airlines will expand preordered meal service to premium cabins on American Eagle flights, adding another 300 daily flights where customers can order meals in advance, starting March 11. This brings the total number of daily flights eligible for preorder in premium cabins to nearly 1,900 — more than any other U.S. airline.

American is also the only U.S. carrier to offer preordered meal service in premium cabins on both mainline and regional flights, available on flights of 900 miles or more.

This March, customers in premium cabins on American Eagle flights can preorder menu items such as:

  • Charcuterie plate
  • Tex-Mex salad with adobo chicken
  • Mediterranean turkey club sandwich
  • Hot smoked salmon cold plate with seasoned potato salad
  • Curried chicken salad on croissant

Also beginning March 11, Flagship First and Flagship Business passengers can preorder a chicken cobb entrée salad on flights from the United States to Europe and South America, and a charcuterie plate on flights back to the United States.

American delivers a world-class culinary experience with James Beard Foundation

Last year, American began a partnership with the James Beard Foundation to provide unique and delicious food for customers. The James Beard Foundation’s award-winning chefs embody diversity, modernism and sustainable practices. Customers can preorder James Beard Foundation menu items created exclusively for select Flagship First and Flagship Business international and transcontinental flights.

New Zoës Kitchen food-for-sale menu items available for preorder in the main cabin

Earlier this month, American introduced new food-for-sale menu options in collaboration with Zoës Kitchen. Flight attendants played a critical role at a menu workshop, where they joined the food & beverage team to look at new menu options and provide perspective on what customers enjoy eating. Flight attendant feedback helped inspire new menu items such as the chicken lentil salad shaker jar, chickpea Waldorf salad wrap and hummus box and raspberry chipotle turkey sandwich — as well as new breakfast and snack items.

Preordering is simple

Customers can preorder menu items beginning 30 days before a flight and up to 24 hours before departure by visiting aa.com, clicking Your Trips/Check-in and entering their flight information. Eligible customers will also receive a reminder email 48 hours before departure with a link that will guide them through the preorder process. Menu items vary based on route and class of service.

American Airlines aircraft photo gallery:

Trans States N619AE slides off a snowy runway at Chicago O’Hare

Trans States Airlines, operating flight AA 4125 from Greensboro to Chicago (O’Hare) on November 11 with Embraer ERJ 145 N619AE slide off the left side of the runway on landing at ORD. The right main gear collapsed. There were no injuries.

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American to add nonstop DFW – Hilton Head Island service + Chicago and Philadelphia

American Airlines is adding a new nonstop spoke route from the Dallas/Fort Worth hub to Hilton Head Island, SC. (HHH).

The new weekly seasonal route will operate from March 7 through August 15.

The carrier will also begin flying from Hilton Head Island to its Chicago (O’Hare) and Philadelphia hubs also on March 7, 2020.

Hilton Head Island will be served with Embraer 175 aircraft.

American currently has service between its Charlotte hub and Hilton Head Island.

American to add new domestic routes later this year

American Eagle Airlines (2nd)-SkyWest Airlines Bombardier CRJ200 (CL-600-2B19) N955SW (msn 7817) PHX (Keith Burton). Image: 946556.

American Airlines is planning to add new domestic routes from its hubs later this year according to Airline Route:

Chicago O’Hare – Charleston, WV – daily SkyWest CRJ200 effective September 4, 2019
Dallas/Ft. Worth – St. George – daily SkyWest CRJ200 effective September 26, 2019


Miami – Bentonville/Northwest Arkansas – daily Republic Airline Embraer 175 effective December 18, 2019


Miami – Columbia, SC – daily Envoy Air Embraer ERJ 145 effective December 18, 2019
Miami – Oklahoma City – daily Republic Airline Embraer 175 effective December 18, 2019
Philadelphia – Vail/Eagle, CO – weekly mainline Boeing 757-200 effective December 21, 2019
Phoenix – Rapid City, SD (Black Hills/Mount Rushmore) – daily SkyWest CRJ200 effective September 4, 2019

Top Copyright Photo: American Eagle Airlines (2nd)-SkyWest Airlines Bombardier CRJ200 (CL-600-2B19) N955SW (msn 7817) PHX (Keith Burton). Image: 946556.

American Eagle-SkyWest aircraft slide show:

PSA Airlines pilot is arrested for three murders before flight

A PSA Airlines pilot was arrested at Louisville International Airport before his flight. The pilot was taken into custody and is being charged for three murders in November 2015 in Pembroke, KY.

Read more from ABC channel 13 WBKO: CLICK HERE

 

American Airlines opens 15 new gates at DFW Airport

American Airlines made this announcement:

The world’s largest airline took another step toward unprecedented growth at its most profitable hub today (May 3). American Airlines opened 15 new gates in the Terminal E satellite at Dallas Fort Worth International Airport (DFW), supporting more than 100 daily regional flights for American Eagle service.

The completely renovated space includes refreshed ticket counters and gate areas as well as new ramp lighting, moving walkways, elevators and escalators. Later this summer, American will also open a new Admirals Club in Terminal E, and the satellite terminal will be home to DFW’s only Whataburger.

American has been steadily adding DFW service this summer, and beginning in early June, the airline will operate more than 900 daily flights from the hub. That’s 100 more than last summer, including service to 23 new markets. They include: Dublin (DUB); Munich (MUC); Kalispell, Montana (FCA); Harlingen, Texas (HRL); Monterey, California (MRY); and Augusta, Georgia (AGS). Eighty-four existing markets will receive additional service from DFW, including Boston (BOS), Los Angeles (LAX) and New York (LGA). In total, customers have access to 234 nonstop destinations from DFW and the resulting American network can enable over 9,000 one-stop connections through DFW — more than any other airline hub in the world.

“American is the largest airline in the world and the largest carrier at DFW,” said Vasu Raja, Vice President of Network and Schedule Planning for American. “By adding 100 flights to our most profitable hub, we have the opportunity to connect more people to more destinations than ever before. By adding service to new destinations and increasing service to some of our customers’ favorite spots, we’re building a connecting network that can get them anywhere.”

Upcoming milestones include the opening of a Flagship Lounge featuring Flagship First Dining and a renovated Admirals Club in Terminal D, scheduled for May 16, as well as the opening of six mainline gates at DFW Terminal B in June.

Leaders from American, Envoy and DFW Airport celebrate the opening of the Terminal E satellite

Leaders from American, Envoy and DFW Airport celebrate the opening of the Terminal E satellite.

Customers will enjoy refreshed ticket counters and gate areas, new moving walkways, elevators and escalators

Customers will enjoy refreshed ticket counters and gate areas, new moving walkways, elevators and escalators.

Terminal E Satellite

  • Beginning May 3, select American Eagle flights will depart from DFW Terminal E satellite gates E22-E30.
  • Skylink connects all terminals at DFW including A, B, C, D and E.
  • Gates E22-E30 are accessible via 5-10 minute walk through the tunnel next to gate E21.
  • Minimum connection times connecting to flights scheduled in E22-E30 have been increased by 10 minutes.
  • There is no change to Terminal E ticket counters or parking.

By the Numbers

  • 15: New gates and 100 flights to be operated at DFW Terminal E satellite
  • 6: New mainline gates opening at DFW Terminal B in June
  • 900+: Daily American Airlines flights from DFW during the peak summer schedule
  • 104,000: Customers American will serve at DFW every day this summer
  • 234: Non-stop American Airlines destinations from DFW, including 23 new destinations
  • 9,000+: One-stop American Airlines city pairs available to connect through DFW this summer, more than any other airline hub in the world

What Does It Take to Build the Largest Connecting Hub in the World?

  • 1,500: Pounds of reflective beads and 240 gallons of paint to stripe the ramp supporting the new gates at Terminal E satellite
  • 2,500: Different types of aircraft parts and tooling moved to DFW Terminal E satellite
  • 868: Signs and maps changed out at DFW to reflect new Terminal E satellite gates
  • 380: New pieces of ground support equipment to support our growing operation

American to add a new route from Philadelphia to Bentonville (Northwest Arkansas)

American Airlines is planning to add a new American Eagle route from its Philadelphia hub to Bentonville, AR (Northwest Arkansas), the home of Walmart, on September 4, 2019.

The new route will be operated by Republic Airline Embraer 175s.

Republic Airline’s parent, Republic Airways, introduced this new livery in April 2019 on the pictured Embraer ERJ 170-100SU N826MD (msn 17000046).

Photos: Republic Airways.

In other news, American will also add Embraer ERJ 140 service from the Dallas/Fort Worth hub to the Tri-Cities Airport (Northeast Tennessee) on August 15, 2019 according to Airline Route. The new route will be operated by Envoy Air.

American to add two American Eagle routes to Florida

American Eagle Airlines (2nd)-Republic Airlines (2nd) Embraer ERJ 170-200LR (ERJ 175) N447YX (msn 17000463) MIA (Jay Selman). Image: 403927.

American Airlines according to Airline Route is adding two new routes in May 2019 to Florida:

New York (LGA) – Daytona Beach – twice-weekly effective May 4, operated by Republic Airline (Republic Airways)

Washington (Reagan National) – Melbourne, FL – twice-weekly effective May 4, 2019, operated by Republic Airline

Both routes will be operated with Embraer 175 aircraft.

Top Copyright Photo (all others by Republic): American Eagle Airlines (2nd)-Republic Airlines (2nd) Embraer ERJ 170-200LR (ERJ 175) N447YX (msn 17000463) MIA (Jay Selman). Image: 403927.

American Eagle-Republic aircraft slide show:

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