SkyWest announces a new flight agreement with Alaska Airlines for another 8 E175 aircraft

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  • SkyWest will sign a 12-year contract with Alaska to purchase and operate aircraft. The first aircraft is expected to be delivered in the first half of 2022.

  • The aircraft will be owned and funded by SkyWest.

SkyWest, Inc. (NASDAQ:sky) (“SkyWest”) today announced an agreement with Alaska Airlines (“Alaska”) to purchase and operate eight E175 aircraft under a 12-year capacity purchase agreement. These aircraft are scheduled to begin service in the first half of 2022. Once completed, the total number of SkyWest fleets operating under its Alaska agreement will increase to 40. The aircraft will be purchased by SkyWest from Embraer and the new aircraft will be delivered from the factory. SkyWest remains the largest owner/operator of the Embraer E175 aircraft in the world.

Commenting on the agreement, SkyWest President and CEO Chip Childs said: “The E175 is a very customer-friendly aircraft and has provided vital services throughout the pandemic. In our partnership with Alaska Airlines On the 10th anniversary, we are excited to add these new E175s as we will help lead the recovery and continue to strengthen our Alaska partnership.”

About Tianxi

SkyWest, Inc. is the holding company of SkyWest Airlines and aircraft leasing company SkyWest Leasing. SkyWest Airlines has a fleet of more than 450 aircraft, connecting passengers to more than 230 destinations throughout North America. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. The number of passengers in 2020 will exceed 21 million, and the number of passengers in 2019 will reach 43 million.

Forward-looking statements

In addition to historical information, this press release also contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Expressions such as “forecast”, “expect”, “intend”, “believe”, “anticipate”, “estimate”, “should”, “may” and similar expressions indicate forward-looking statements. Such statements include, but are not limited to, statements regarding the estimated delivery time and other benefits of the new aircraft that signed a new flight agreement with Alaska, as well as SkyWest’s future financial and operational results, plans, goals, expectations, estimates, intentions and prospects, and others Statements of non-historical facts. All forward-looking statements contained in this press release were made on the date of this press release and are based on information available to SkyWest on that date. Unless required by law, SkyWest assumes no obligation to update any forward-looking statements. Readers should be aware that many factors may affect SkyWest’s future operations and financial performance, and may cause actual results to differ materially from those in the forward-looking statements stated in this press release. These factors include, but are not limited to, the uncertainty of the duration, scope and impact of COVID-19, the further spread or deterioration of COVID-19, the impact of the COVID-19 outbreak on economic conditions, and the travel and aviation industry With our major partners, especially SkyWest’s financial status and operating results, the prospect of signing agreements with existing or other carriers to fly new aircraft, the ongoing negotiations between SkyWest and its major partners on their contractual obligations, As well as uncertainty about the operation of new aircraft, the ability to attract and retain qualified pilots, the impact of regulatory issues (such as pilot rest rules and qualification requirements), and the ability to obtain aircraft financing.

Due to some other reasons, SkyWest’s actual operation and financial results may also be different from expected, estimated, predicted or expected results, and may undergo major changes. In addition to the above reasons, it also includes: the existing global COVID- 19 pandemics and outbreaks of any other diseases or similar public health threats that affect travel demand or travel behavior; challenges to successfully compete in a highly competitive and rapidly changing industry; developments related to economic fluctuations and air travel demand, including those related to COVID- The duration and impact of the 19 pandemic are related to the reduction in customer demand and expenditure; the financial stability of SkyWest’s main partners and any potential impact of their financial conditions on SkyWest’s operations; The fluctuation of flight schedules is provided by SkyWest. Determination of the main partners operating flights; Changes in market and economic conditions; Significant aircraft leases and debt commitments; Estimated useful life of long-term assets, remaining aircraft value and related impairment charges; Labor relations and expenses; The impact of global instability ; Fuel cost fluctuates rapidly, potential fuel shortage; weather-related or other natural disasters impact on air travel and airline costs; aircraft delivery; and other unexpected factors. SkyWest’s documents submitted to the US Securities and Exchange Commission (including its latest 10-K annual report and quarterly report for the 10th quarter) contain risk factors that may cause SkyWest’s actual results to be materially different from management’s current expectations. Warning statement And other conditions. -Q and the latest report on Form 8-K. In addition, the global impact of the COVID-19 pandemic may further amplify the risks, uncertainties and other factors mentioned above or in the company’s report to the US Securities and Exchange Commission.

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