SkyWest, Inc., (NASDAQ: SKYW) ("SkyWest") today reported 135,000 block hours in February 2018, compared to 137,100 block hours in February 2017, a decrease of 2,100 or 1.6%. The net decrease was consistent with SkyWest's fleet transition plan to improve the mix of aircraft in its fleet by adding new E175 aircraft, while reducing its 50-seat jets.
The year-over-year net change was primarily driven by approximately 6,000 additional block hours from its E175 aircraft and a decrease of approximately 8,100 block hours from its other aircraft types.
In February 2018, SkyWest's dual class aircraft represented approximately 52% of SkyWest's total block hour production for the month compared to approximately 48% for the month of February 2017.
SkyWest reported 282,700 block hours for year-to-date February 2018, compared to 290,800 block hours year-to-date February 2017, a decrease of 8,100, or 2.8%. This net change was primarily driven by approximately 13,200 additional block hours from its E175 aircraft and a decrease of approximately 21,300 block hours from its other aircraft types.
SkyWest had 76,100 departures in February 2018 compared to 80,400 in February 2017, a decrease of 4,300, or 5.4%. Additional flight statistics for February are included in the accompanying table.