Business
SkyWest, Inc. Announces New Flying Agreements with Delta Air Lines
ST. GEORGE, Utah, Aug. 7, 2019 /PRNewswire/ -- SkyWest, Inc. (NASDAQ: SKYW) ("SkyWest") today announced an agreement with Delta Air Lines ("Delta") to
About this update from Skywest, Inc.
[{"type":"text","content":" ST. GEORGE, Utah, Aug. 7, 2019 /PRNewswire/ -- SkyWest, Inc. (NASDAQ: SKYW) (\"SkyWest\") today announced an agreement with Delta Air Lines (\"Delta\") to operate six used E175 aircraft under a multi-year contract scheduled to begin in early 2020. The aircraft are financed by Delta and to be sourced from a regional operator transitioning out of Delta Connection. \nSkyWest has also agreed to purchase and operate seven new E175 aircraft for Delta instead of SkyWest operating seven new CRJ900 aircraft that were to be financed by Delta and scheduled for delivery in 2020. The seven E175 aircraft have delivery dates scheduled from late 2019 to mid-2020. \nUnder Delta's initiative to reduce the number of Delta Connection operators, SkyWest anticipates becoming one of just three carriers under the Delta Connection portfolio and Delta's primary regional operator in several western U.S cities by mid-2020, including Los Angeles, Salt Lake City and Seattle. \nCommenting on the agreements, Chip Childs, Chief Executive Officer and President of SkyWest, said, \"We are pleased to further strengthen our Delta partnership with the addition of these dual-class aircraft. We believe the placement of these aircraft in Western hubs will help us continue to enhance our overall efficiency and product.\"\nSeparately, SkyWest cancelled its previously announced order for three new E175 aircraft scheduled for service with Alaska Airlines in 2021. \nAbout SkyWest\nSkyWest, Inc. is the holding company for SkyWest Airlines and SkyWest Leasing, an aircraft leasing company. SkyWest Airlines has a fleet of nearly 500 aircraft connecting millions of passengers each month to over 250 destinations and provides commercial air service in cities throughout North America with nearly 2,500 daily flights. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines to carry more than 38 million passengers annually. Based in St. George, Utah, SkyWest continues to set the standard for excellence across the regional industry with exceptional value for customers, shareholders and its nearly 14,000 employees. \nForward Looking-Statements\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 ...