DN - Defence Notes

Skywest Airlines reports half-year results

26th February 2009 - 21:36 GMT | by The Shephard News Team

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Perth-based Skywest Airlines has reported its interim results for the six months to 31 December 2008, a period that represents the first half of the 2008-09 financial year.

Revenue for the period increased by 31% to S$97,308,717 from the comparable half-year period in the 2007-08. EBITDAR for the period was S$13,850,283, with a basic underlying net operating profit for the period from airline operations of S$1,123,071.

After unrealised foreign exchanges losses of $3,388,729 one-time costs and the like recognised during the period, the net loss attributable to shareholders was $2,786,267. The directors believe that, given a difficult operating environment, the result is satisfactory and the revenue increase of 31% provides a solid foundation for earnings growth.

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