Tag Archives: Alaska SkyWest

SkyWest reports net income of $41 million in the third quarter, outlines its fleet plans

United Express-SkyWest Airlines Embraer ERJ 170-200LR (ERJ 175) N108SY (msn 17000401) LAX (Michael B. Ing). Image: 930967.

SkyWest, Inc. (St. George, Utah) reported its financial and operating results for the third quarter of 2016, including net income of $41 million or $0.79 per diluted share, up from net income of $36 million or $0.71 per diluted share in Q3 2015. Excluding the $9 million non-cash impact of early lease return charges on six CRJ700s, adjusted diluted earnings per share was $0.90 in Q3 2016. Pre-tax income for the third quarter of 2016 was $67 million compared to $60 million in Q3 2015.

Commenting on the results, Chip Childs, SkyWest, Inc. Chief Executive Officer, said “Since early 2014, we have grown earnings by executing a complex fleet transition that added 67 new E175s and reduced our 50-seat fleet by over 120 aircraft. Our focus through 2017 will be on reducing the overall risk profile of the company, integrating the remaining deliveries of 37 E175s, optimizing how our assets and capital are deployed and positioning for future growth. Our employees have delivered amazingly well against challenging goals and have again provided our customers with solid operating performance, despite the significant changes to our fleet during the quarter.”

SkyWest’s total fleet in service decreased by 13 aircraft during the third quarter of 2016 as follows:

skywest-fleet-graph-1

Alaska SkyWest (SkyWest Airlines) Bombardier CRJ700 (CL-600-2C10) N223AG (msn 10010) LGB (Michael B. Ing). Image: 924092.

Above Copyright Photo: Alaska SkyWest (SkyWest Airlines) Bombardier CRJ700 (CL-600-2C10) N223AG (msn 10010) LGB (Michael B. Ing). Image: 924092.

SkyWest’s total fleet in service decreased by 14 aircraft from September 30, 2015 to September 30, 2016 as follows:

skywest-fleet-graph-2

During Q3 2016, SkyWest redeployed six CRJ700 aircraft into service under a multi-year agreement with American and redeployed four CRJ700 aircraft into service under a multi-year agreement with Delta.

SkyWest previously operated the combined 10 CRJ700s under an agreement that expired with United. A total of 37 CRJ700 aircraft with scheduled contract expirations with United are scheduled to be redeployed with American by mid-2017, eliminating the related financing tail risk on these aircraft through 2019.

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Copyright Photo: American Eagle Airlines (2nd)-SkyWest Airlines Bombardier CRJ200 (CL-600-2B19) N492SW (msn 7168) LAX (Michael B. Ing). Image: 927579.

SkyWest anticipates its CRJ200 fleet and its ERJ145 fleet (“50-Seat Aircraft”) will be reduced by approximately 16 aircraft by the end of 2016 as a result of flying agreement expirations with multiple major partners. During Q3 2016, SkyWest extended the contract term on nine CRJ200s with American from the end of 2016 to the end of Q3 2017.

Under a previously announced lease return arrangement, SkyWest is currently scheduled to return 11 additional CRJ700s over the next six months. If the aircraft are returned as scheduled, SkyWest anticipates largely non-cash termination costs of approximately $15-17 million (pre-tax), which will be recognized as the aircraft are removed from service and processed.

The following table outlines SkyWest’s anticipated delivery schedule for new E175 aircraft through the end of 2017:

skywest-fleet-graph-3

Top Copyright Photo: United Express-SkyWest Airlines Embraer ERJ 170-200LR (ERJ 175) N108SY (msn 17000401) LAX (Michael B. Ing). Image: 930967.

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Alaska launches four new routes today

Alaska SkyWest (SkyWest Airlines) Embraer ERJ 170-200LR (ERJ 175) N171SY (msn 17000485) SEA (Tony Storck). Image: 928989.

Alaska Airlines (Seattle/Tacoma) today began flying four new routes that enhance its West Coast network. The new routes are between: Portland, Oregon, and Austin, Texas; Eugene, Oregon, and San Jose, California; Los Angeles and Monterey, California; and Boise, Idaho and Reno, Nevada.

All flights, except the Portland-Austin route, will be operated by Alaska’s sister carrier Horizon Air, using a 76-seat Bombardier Q400 aircraft.

The Portland-Austin flights will be operated for Alaska by SkyWest Airlines, using new 76-seat Embraer 175 jets. The E175 jet features 12 seats in first class and 64 in coach, and with cabin dimensions on par with a 737.

Copyright Photo: Tony Storck/AirlinersGallery.com. Alaska SkyWest (SkyWest Airlines) Embraer ERJ 170-200LR (ERJ 175) N171SY (msn 17000485)

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Alaska Airlines to launch more routes from Portland

Alaska SkyWest E175 + pilot (Alaska)(LR)

Alaska Airlines (Seattle/Tacoma) is launching daily nonstop service from its Portland, Oregon, hub to three Midwest destinations including Kansas City, Minneapolis/St. Paul and Omaha, Nebraska, starting on February 18, 2016.

Alaska (2014) logo

The routes are in addition to new Portland – Austin, Texas service the carrier announced last month.

Alaska PDX 7.2015 New Service
The daily flights will be operated by SkyWest Airlines (St. George) with 76-seat Embraer E175 jets featuring 12 seats in first class and 64 in coach, and boasting cabin dimensions on par with a 737.

SkyWest (red-blue) logo (LRW)

 

Top Photo: Alaska Airlines.

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Route Map: Routes operated by SkyWest for Alaska Airlines:

Alaska SkyWest 7.2015 Route Map

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SkyWest today starts operating Embraer ERJ 175s for Alaska Airlines

Alaska Airlines (Seattle/Tacoma) today inaugurates service between Seattle/Tacoma and Milwaukee, Wisconsin; Seattle/Tacoma and Oklahoma City, Oklahoma; and Portland, Oregon and St. Louis. Alaska (2014) logo

Alaska SkyWest Schedule

The daily flights will be operated by SkyWest Airlines (St. George) with 76-seat Embraer E175 jets (above and below) featuring 12 seats in first class and 64 in coach, and boasting cabin dimensions on par with a 737.

Alaska SkyWest ERJ 175 N170SY (90)(Grd) SEA (Alaska)(LR)

Photo Above: Alaska Airlines.

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Onboard amenities will include Alaska Beyond Delicious, featuring food and beverages sourced with items from iconic Pacific Northwest brands, and Inflight Internet access. By mid-July the planes will also be equipped with Alaska Beyond Entertainment, which offers free and premium entertainment direct to customer devices, First class customers will also enjoy power outlets at each seat.

In other news, Alaska Airlines has also announced it is doing away with the standard fee for the first checked bag for Alaska Airlines Visa Signature consumer cardholders.

Top Copyright Photo: Raul Sepulveda/AirlinersGallery.com. The pictured SkyWest Airlines Embraer ERJ 170-200LR (ERJ 175) N171SY (msn 17000485) was delivered via San Juan.

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SkyWest Airlines orders eight additional Embraer 175s for Alaska Airlines

Alaska SkyWest ERJ 175 PR-EMP (N170SY)(90)(Flt)(Embraer)(LRW)

Embraer S.A. and SkyWest, Inc. (SkyWest Airlines) (St. George, Utah) have announced today at the 51st International Paris Air Show, a firm order for eight E175 jets. The aircraft will be flown by SkyWest Airlines under a Capacity Purchase Agreement (CPA) with Alaska Airlines as Alaska SkyWest. The value of the contract, which will be included in Embraer’s 2015 second-quarter backlog, is estimated at $355 million based on 2015 list prices.

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Embraer issued this statement:

This is the second agreement between SkyWest and Alaska Airlines involving the E175. In November of last year, the two companies signed a CPA for seven aircraft of the same model. The first airplane in Alaska Airlines livery enters service next month.

These eight new aircraft are part of SkyWest’s previous order for 100 (40 firm and 60 reconfirmable) E175 current generation E-Jets – with an additional 100 options – placed in May 2013. This reconfirmation brings the total number of firm orders to 55 aircraft. The E175s for Alaska Airlines will be configured with 76 seats and include 12 First Class seats. Delivery for the additional eight E-Jets is scheduled for 2016.

SkyWest is the largest regional airline group in the world and is the parent company of SkyWest Airlines and ExpressJet Airlines. Both companies have long histories with Embraer and were early customers for the Embraer EMB 120 Brasilia turboprop aircraft. In a separate deal with Embraer announced in June of 2013, SkyWest became the launch customer for the E175-E2, ordering 100 aircraft with 100 additional options. Deliveries begin in 2020.

Alaska Airlines also issued this statement:

Alaska (2014) logo

SkyWest Airlines announced today that they will purchase eight new, dual-class Embraer E175 jets to fly for Alaska Airlines. The new planes, to be delivered in 2016, will replace eight older regional jets SkyWest currently flies for the Seattle-based carrier.

The announcement comes the same month SkyWest takes ownership of the first of seven E175s purchased last fall to be flown for Alaska under a capacity purchase agreement (CPA). The regional carrier will begin flying the planes for Alaska on July 1 with the start of new service from Seattle to both Milwaukee and Oklahoma City, and between Portland, Oregon and St. Louis.

The 76-seat E175 jet will feature 12 seats in first class and 64 in coach. Onboard amenities include Alaska Beyond Entertainment featuring free short subject videos and movies and TV shows for purchase direct to customer devices. Inflight Internet access is also available, as well as Alaska Beyond Delicious which offers Pacific Northwest-inspired food and beverages. Additionally, customers seated in first class will enjoy 110 volt power in every seat.

SkyWest expects to retire its current Bombardier CRJ700 regional jets fleet flying for Alaska by the fall of 2016.

Copyright Photo: Embraer. The pictured Embraer ERJ 170-200LR (ERJ 175) PR-EMP became N170SY (msn 17000483) on delivery.

SkyWest gets ready for Embraer 175 operations for Alaska Airlines with the first delivery

SkyWest Airlines (Alaska SkyWest) (St. George, Utah) has taken delivery of its first new Embraer ERJ 170-200LR (ERJ 175) in preparation of its new Embraer-operated Alaska SkyWest service. The pictured N170SY (msn 170900483) was handed over on June 1 in Brazil.

Alaska Airlines (Seattle/Tacoma) as previously reported, will begin offering daily nonstop service starting on July 1, 2015 between the Seattle/Tacoma hub and Milwaukee, Wisconsin; Seattle/Tacoma and Oklahoma City, Oklahoma; and Portland, Oregon and St. Louis.

The 76-seat E175 jet will feature 12 seats in first class and 64 in coach, and boasts cabin dimensions on par with a Boeing 737. Onboard amenities include Wi-Fi Internet access, streaming inflight entertainment and 110 volt power in every first class seat. Food and beverage will include hot meals and picnic packs for purchase, in addition to Northwest microbrews and wine.

SkyWest has purchased seven Embraer E175 aircraft to fly on behalf of Alaska under a capacity purchase agreement (CPA). The first three aircraft will arrive in the summer of 2015, and the remaining four will be delivered in the first quarter of 2016.

Copyright Photo: Raul Sepulveda/AirlinersGallery.com. N170SY passed through San Juan yesterday on its long delivery route.

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Alaska Airlines to add Portland-Austin and Eugene-San Jose flying this fall

Alaska Airlines (Seattle/Tacoma) CEO Brad Tilden announced yesterday (June 1) during a keynote speech at the JumpStart Air Service Development conference that Alaska will add new flying between Portland, Oregon, and Austin, Texas, and Eugene, Oregon, and San Jose, California, beginning November 5.

Alaska (2014) logo

“San Jose and Austin are two of our most requested cities from our customers in the Willamette Valley,” said John Kirby, Alaska’s vice president of capacity planning. “We’re excited to add the Live Music Capital of the World to our growing list of destinations from the Rose City, and our new flight to San Jose is our first-ever nonstop from Eugene to the Bay Area. These routes will also connect key tech markets in three states.”

Alaska PDX-AUS Schedule

The Portland-Austin flight will be operated for Alaska Airlines by SkyWest Airlines (St. George, Utah), using new 76-seat Embraer 175 jets. The E175 jet features 12 seats in first class and 64 in coach, and with cabin dimensions on par with a 737. Onboard amenities include Wi-Fi Internet access, streaming inflight entertainment and 110 volt power in every first class seat. Food and beverage will include hot meals and picnic packs for purchase, in addition to Northwest microbrews and wine.

The Eugene-San Jose flight will be operated by Alaska’s sister carrier Horizon Air (Alaska Horizon), using a 76-seat Bombardier Q400 aircraft. Customers flying on flights operated by Horizon can enjoy free soft drinks and Starbucks coffee, a la cart planeside baggage service, and complimentary Northwest wine and microbrews for passengers 21 years and older.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. As planned, the pictured Bombardier DHC-8-402 (marketed as the Q400) N441QX (msn 4348) with the special University of Alaska Nanooks livery, is now operating in Alaska.

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