Tourism Industry Grows for Seventh Consecutive Year, International Visitation Outperforms Projected Forecast
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.
From September 2017 to October 2017, enplanements on domestic flights rose 6.1 percent while enplanements on U.S. airlines international flights to and from the U.S. rose 5.4 percent, resulting in a 6.0 percent systemwide increase.
Virgin Hyperloop One, the only company in the world that has built a full-scale hyperloop system, is sharing its vision for a seamless travel experience through the first-ever hyperloop passenger application demo, powered by HERE Technologies, and publicly unveiling its first-generation pod at CES 2018.