Net loss of SkyWest Airlines

Victoria
By Victoria March 5, 2013 11:55

Net loss of SkyWest Airlines

Skywest Airlines has posted a consolidated net loss after tax of S$2.2 million ($1.8 million) for the six months to December 31, 2012, compared to a profit of S$4.5 million during the same period last year. Pressure on loads and yields were to blame along with non-recurring costs including: carbon tax, preparations for the introduction of a second A320, consolidation of administrative offices, 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. Without these costs, the airline says that it would have been profitable since revenue rose by 19% to S$173 million.

Victoria
By Victoria March 5, 2013 11:55
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