SkyWest Revenues, Net Up, Authorizes Stock Repurchase

Despite a stellar quarter for parent company SkyWest Inc, both SkyWest and Atlantic Southeast Airlines are working on compensating for the coming increase in labor rates, according to both SkyWest President Chip Childs and ASA President Bryan LeBreque, who spoke to investors last week, saying there are many things that will gain efficiencies to offset any labor increases.
ASA had a 32 percent increase in departures during the summer which caused it to miss its performance incentives from Delta for the first time since ASA became part of SkyWest, Inc in September 2005. While LeBreque reported that part of the problem is rising performance targets, the summer was difficult with a higher impact on its mechanical reliability which created a void in the available aircraft. For that reason, ASA is trying to increase the experience of its maintenance personnel in order to increase its reliability. For its part, SkyWest Airline did receive performance incentive payments from its partners.