Earnings Call Summary | SkyWest(SKYW.US) Q1 2024 Earnings Conference
Earnings Call Summary | SkyWest(SKYW.US) Q1 2024 Earnings Conference
The following is a summary of the SkyWest, Inc. (SKYW) Q1 2024 Earnings Call Transcript:
以下是SkyWest, Inc.（SKYW）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
SkyWest reported Q1 net income of $60 million or $1.45 per diluted share.
Total Q1 revenue amounted to $804 million, up 16% from Q1 2023.
The company has repaid over $110 million in debt and bought back 136,000 shares for $9 million at an average price of $64.21 per share in Q1.
Projected to repay over $400 million in debt in 2024.
The expected 2024 income tax rate falls between 25% and 27%.
Predicted GAAP earnings per share in 2024 will be in the high $6 area.
$1 million of previously deferred revenue was recognised in Q1, lower than expected due to contract changes and production increase.
About $50 million of previously deferred revenue is expected to be recognised in 2024. The company has around $366 million of deferred revenue yet to be recognized in coming years.
SkyWest公佈的第一季度淨收益爲6000萬美元，攤薄後每股收益爲1.45美元。
第一季度總收入爲8.04億美元，較2023年第一季度增長16％。
該公司在第一季度償還了超過1.1億美元的債務，並以900萬美元的價格回購了13.6萬股股票，平均價格爲每股64.21美元。
預計將在2024年償還超過4億美元的債務。
預計的2024年所得稅稅率在25％至27％之間。
預計2024年的每股GAAP收益將處於6美元的高位。
由於合同變更和產量增加，第一季度確認了100萬美元的遞延收入，低於預期。
此前的遞延收入中約有5000萬美元預計將在2024年得到確認。該公司的遞延收入約爲3.66億美元，未來幾年尚待確認。
Business Progress:
業務進展：
The company reported a 5% increase in block hour production, attributed to captain availability.
SkyWest received three additional United Finance ERJ175 aircraft during Q1, with a further 19 expected by the year end.
88% of the company's block hour production involved dual class aircraft.
The company was recognized by Newsweek as one of America's best workplaces for diversity and women in 2024.
Improvement in captain attrition is underway and there's a healthy supply of first officers through their pathway program.
SkyWest maintains a minority stake in Contour to monetize existing CRJ assets and establish a pipeline for pilot supply.
SkyWest Charter sees strong product demand, regardless of the pending commuter authority application status at the Department of Transportation.
Set to acquire 20 United owned E175s to replace 20 CRJ200s under its United contract in 2024.
By 2026, the company's E175 fleet total is expected to hit 278, making SkyWest the largest global Embraer operator.
SkyWest announced a 25% investment in Contour in 2024 to deploy and monetize the excess CRJ200 aircraft.
The company is focused on providing essential air service to communities, hence seeing value in 30-seat airplanes.
They are considering state and local subsidies to expand the service to other cities.
Their investments in maintenance operations - specifically engines and airframes, are beginning to show benefits.
該公司報告稱，由於船長的可用性，區塊時產量增長了5％。
SkyWest在第一季度又收到了三架聯合金融 ERJ175 飛機，預計到年底還會再收到19架飛機。
該公司88％的輪擋時產量涉及雙級飛機。
該公司被《新聞週刊》評爲2024年美國實現多元化和女性的最佳工作場所之一。
隊長流失率正在改善，通過他們的補習計劃，有大量的急救人員供應。
SkyWest持有Contour的少數股權，以利用現有的CRJ資產獲利，並建立試點供應渠道。
SkyWest Charter認爲，無論交通部的通勤許可申請處於待處理狀態，產品需求都很強勁。
計劃在2024年收購20架美聯航擁有的E175飛機，以取代其美聯航合同下的20架CRJ200。
到2026年，該公司的E175機隊總數預計將達到278架，使SkyWest成爲全球最大的巴航工業運營商。
SkyWest 宣佈在 2024 年對 Contour 投資 25%，用於部署多餘的 CRJ200 飛機並從中獲利。
該公司專注於爲社區提供基本的航空服務，因此看到了30座飛機的價值。
他們正在考慮州和地方補貼，將服務擴展到其他城市。
他們在維護運營方面的投資，特別是發動機和機身，已開始顯示出收益。
More details: SkyWest IR
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Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。