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Message Boards Settings Mesa Air Group, Inc. (MESA) - Quote Info
SkyWest Earnings      5-Nov-09 08:05 am    
Here is a part of the SkyWest PR:

"“ST. GEORGE, Utah, Nov. 5 /PRNewswire-FirstCall/ -- SkyWest, Inc. ("SkyWest") (Nasdaq: SKYW - News) today reported operating revenues of $637.8 million for the quarter ended September 30, 2009, compared to $934.1 million for the same period last year. SkyWest also reported net income of $28.6 million or $0.50 per diluted share, for the quarter ended September 30, 2009, compared to $26.2 million of net income or $0.45 per diluted share, for the same period last year.

. . . .

Total operating revenues for the third quarter of 2009 decreased $296.4 million primarily as a result of a reduction in fuel cost reimbursements paid by SkyWest's major partners. SkyWest is reimbursed by its major partners for fuel and certain other costs under its contract flying arrangements. For financial reporting purposes, these reimbursements are recorded as operating revenues. As SkyWest's major partners have increased the amount of fuel they purchase for SkyWest's operations, SkyWest's fuel purchases (and the corresponding reimbursements and revenues from SkyWest's major partners) have declined.”

I would think that the drop of the cost of jet fuel year over year would have a similar impact on Mesa's July to September report.

The entire release is very informative about the various issues facing any regional carrier.

http://finance.yahoo.com/news/SkyWest-An...
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mauilover3

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Mesa Air Group Inc. (MESA)

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