Skywest Airlines Fokker 100. By Rob Finlayson
Perth-based Skywest Airlines reported a consolidated net loss after tax of S$2.2 million ($1.8 million) for the half-year ended Dec. 31, 2012, reversed from a S$4.5 million profit for the year-ago period. The airline said the results were due to challenging conditions putting downward pressure on loads and yields, as well as several non-recurring costs, including the carbon tax implemented on July 1, 2012 (S$2 million pre-tax).
Excluding these non-recurring costs, the result would have been profitable, the airline said. Revenue during the period increased 19% to a record S$173 million, up from S$145 million year-over-year.
Non-recurring expenses included preparations for the introduction of a second Airbus A320, consolidation of administrative offices into a more economic off-airport location, the transfer of flight operations from the existing passenger terminal to new facilities at Perth Airport’s new terminal, and advisory costs related to the proposed acquisition of Skywest by Virgin Australia.
In his report, executive chairman Jeff Chatfield said the past 12 months had been “a period of great change for Skywest.”
Skywest expects to add two ATR-72 aircraft, bringing the total ATR fleet to 12 by June 30. It will add one A320 in March to bring the combined Skywest and ARAN [Australian Regional Airline Network operated for Virgin Australia] fleet to 33. The company is also considering the acquisition of two other A320 aircraft.