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Friday, June 15, 2007

ASA Posts $1.3M in Total Revenues, SkyWest Looking at 100-Seat Market

SkyWest, Inc. is examining opportunities that may be coming for 100-seat aircraft, according to CFO Brad Rich, who spoke before the Merrill Lynch Global Airline Conference. He also noted that despite its operational challenges Atlantic Southeast Airlines had total revenues of $1.3 billion in 2006 and delivered $19 million of excess of the stated Delta contract objective in 2006.
Rich said the acquisition, completed in September 2005, created a better balance to the SkyWest portfolio of flying and moved it from what would have been 75 percent United to the current 60 percent Delta flying and 40 percent United. ASA also gave the company geographic diversity with the economics contributing exactly as projected.

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