SkyWest Airlines 2012 Annual Report Download - page 54
Download and view the complete annual report
Please find page 54 of the 2012 SkyWest Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44 -
45 -
46 -
47 -
48 -
49 -
50 -
51 -
52 -
53 -
54 -
55 -
56 -
57 -
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
 |
 |
ExpressJet Segment Loss. ExpressJet segment loss decreased $80.3 million, or 81.3%, during the
year ended December 31, 2012, compared to the year ended December 31, 2011. The decrease in
ExpressJet’s loss was due primarily to the following factors:
• Non-pass-through operating revenue increased by $33.2 million. The increase in
non-pass-through operating revenue, was primarily due to an increase in block hour production,
our receipt of higher incentive payments and favorable compensation negotiations with our
major partners.
• ExpressJet salaries, wages and employee benefits decreased $7.8 million primarily due to
integration benefits and aircraft scheduling inefficiencies experienced in 2011 that were not
replicated during 2012.
• Aircraft maintenance expense, excluding reimbursed engine overhauls, decreased $19.4 million
primarily due to a reduction in scheduled maintenance events and more efficient maintenance
planning.
• Other expenses, primarily consisting of property taxes, hull and liability insurance, crew
simulator training and crew hotel costs, decreased $5.6 million primarily due to a reduction in
new hire training from 2011.
• Non-aircraft depreciation and amortization expense decreased $5.0 million primarily due to
certain fixed assets becoming fully depreciated in 2012
2012 Compared to 2011
Operational Statistics. The following table sets forth our major operational statistics and the
associated percentages-of-change for the periods identified below.
Year Ended December 31,
2012 2011 % Change
Revenue passenger miles (000) ............. 30,088,278 29,109,039 3.4%
Available seat miles (‘‘ASMs’’) (000) ......... 37,278,554 36,698,859 1.6%
Block hours ........................... 2,297,014 2,250,280 2.1%
Departures ........................... 1,435,512 1,390,523 3.2%
Passengers carried ...................... 58,803,690 55,836,271 5.3%
Passenger load factor .................... 80.7% 79.3% 1.4pts
Revenue per available seat mile ............ 9.5¢ 10.0¢ (5.0)%
Cost per available seat mile ............... 9.2¢ 10.1¢ (8.9)%
Fuel cost per available seat mile ............ 1.1¢ 1.6¢ (31.3)%
Average passenger trip length (miles) ........ 512 521 (1.7)%
Revenues. Operating revenues decreased $120.6 million, or 3.3%, during the year ended
December 31, 2012, compared to the year ended December 31, 2011. We are reimbursed for our actual
fuel costs by our major partners under our contract flying arrangements. For financial reporting
purposes, we record these reimbursements as operating revenue. Under the Directly-Reimbursed
Engine Contracts, we are reimbursed for our engine overhaul expenses as incurred. We also record
those engine overhaul reimbursements as operating revenue. The following table summarizes the
50