Business
SkyWest Announces Flying Agreement with Delta for 16 New E175s
SkyWest to purchase and operate the aircraft under a multi-year contract with Delta, with the first aircraft scheduled for delivery in the second quarter of
About this update from Skywest, Inc.
[{"type":"text","content":"\n\nSkyWest to purchase and operate the aircraft under a multi-year contract with Delta, with the first aircraft scheduled for delivery in the second quarter of 2022.\n\n\nThe aircraft will be owned and financed by SkyWest.\n\n\nThe 16 new E175s are expected to replace 16 SkyWest CRJ900s currently operating under the Delta contract.\n\n\n ST. GEORGE, Utah--(BUSINESS WIRE)--\nSkyWest, Inc. (NASDAQ: SKYW) (“SkyWest”) today announced an agreement with Delta Air Lines (“Delta”) to purchase and operate 16 new E175 aircraft under a multi-year capacity purchase agreement. These aircraft are scheduled to be placed into service beginning in the first half of 2022, and will be placed into service ratably through year-end 2022. The aircraft will be purchased by SkyWest from Embraer and delivered new from the factory. SkyWest continues to be the largest owner/operator of the Embraer E175 aircraft in the world.\n\n“We are pleased to continue to strengthen our Delta agreement with these new, dual-class aircraft,” said Chip Childs, President and CEO of SkyWest. “The E175 continues to serve our partners and passengers well as we help our partners work toward full domestic recovery.”\n\nSkyWest expects the 16 new E175 aircraft will replace 16 SkyWest-owned or financed CRJ900s currently under its Delta contract, with expirations ranging from the second half of 2022 to early 2023. SkyWest is evaluating the impact of the anticipated displacement of the CRJ900s, including a potential non-cash impairment charge.\n\nAbout SkyWest\n\nSkyWest, Inc. is the holding company for SkyWest Airlines and SkyWest Leasing, an aircraft leasing company. SkyWest Airlines has a fleet of over 450 aircraft connecting passengers to over 230 destinations throughout North America. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines carrying more than 21 million passengers in 2020 and 43 million passengers in 2019.\n\nForward Looking-Statements\n\nIn addition to historical information, this release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “forecasts,” \"expects,\" \"intends,\" \"believes,\" \"anticipates,\" “estimates,” \"should,\" \"likely\" and similar expressions identify forward-looking statements. Such statements i...