SkyWest reports a net income of $48 million in third quarter of 2022

SkyWest reported a net income of $48 million in Q3 of 2022, compared to $10 million in Q3 of 2021. Skywest reported a total revenue increase of 6% to close at $789 million. This quarter’s year-over-year increase in revenue under SkyWest’s flying contracts came from adding 33 E175 aircraft to its operations since Q3 2021 and eliminating the COVID-19 partner revenue concessions from Q3 last year. Operating expenses were $714 million in Q3 2022, up 2% from $698 million in Q3 2021. The increase in operating expenses was primarily due to an increase in salaries, wages, and benefits, offset by