Skywest Airlines reports half-year results
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.