SkyWest, Inc., (NASDAQ: SKYW) yesterday reported 151,437 block hours in December 2017, compared to 156,788 block hours in December 2016, a decrease of 5,351 or 3.4%. 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.
Adjusted pre-tax income for the December 2017 quarter was $1.0 billion, despite a $60 million impact from the combination of December's power outage at Atlanta's Hartsfield-Jackson Airport and Winter Storm Benji. For the full year, adjusted pre-tax income was $5.5 billion, a $621 million decrease relative to 2016.
Traffic in December increased 2.7 percent from December 2016, on a capacity increase of 4.4 percent. Load factor for December 2017 was 82.7 percent, a decrease of 1.4 points from December 2016. JetBlues preliminary completion factor was 99.8 percent and its on-time (1) performance was 74.1 percent.
UAL's December 2017 consolidated traffic (revenue passenger miles) increased 2.7 percent and consolidated capacity (available seat miles) increased 3.7 percent versus December 2016. UAL's December 2017 consolidated load factor decreased 0.8 points compared to December 2016.