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SKYWEST INC. REPORTS 355 PERCENT INCREASE IN THIRD QUARTER NET INCOME

 ST. GEORGE, Utah, Feb. 1 /PRNewswire/ -- SkyWest Inc. (NASDAQ-NMS: SKYW) today reported net income of $1,337,000, or $.25 per common share, for the quarter ended Dec. 31, 1992, up from $294,000, or $.06 per common share, for the same period last year. Operating revenues increased 16.7 percent to $36,208,000 from $31,039,000 over the prior year.
 Commenting on the results, Bradford R. Rich, senior vice president-finance and chief financial officer, said, "We are encouraged by the continued improvement in our financial performance. We have become a stronger, leaner company. Available seat mile costs are declining, yields have stabilized and traffic levels reflect an improving economic environment."
 SkyWest Inc. is the holding company for SkyWest Airlines Inc., Aviation Services West Inc. and National Parks Transportation Inc. SkyWest Airlines Inc. operates as a Delta Connection carrier, offering scheduled air service to 42 cities in eight western states, including Delta hubs in Salt Lake City and Los Angeles. The company's stock is traded on the NASDAQ National Market System under the symbol SKYW.
 SKYWEST INC.
 Unaudited Financial and Operating Highlights
 Three Months Ended Dec. 31,
 Financial Highlights 1992 1991 Pct. Change
 Total operating revenues $36,208,000 $31,039,000 16.7 pct.
 Operating expenses 33,940,000 30,437,000 11.5 pct.
 Operating income 2,268,000 602,000 276.7 pct.
 Other expense 183,000 169,000 8.3 pct.
 Income before income
 taxes 2,085,000 433,000 381.5 pct.
 Net income 1,337,000 294,000 354.8 pct.
 Net income per common
 share $.25 $.06 316.7 pct.
 Average common shares
 outstanding 5,289,118 5,213,413 ---
 Operating Highlights
 Passengers carried 388,124 329,231 17.9 pct.
 Revenue passenger miles
 (000) 74,735 62,934 18.8 pct.
 Available seat miles (000) 171,830 149,666 14.8 pct.
 Passenger load factor 43.5 pct. 42.0 pct. 1.5 pts
 Yield per revenue
 passenger mile $.445 $.451 (1.3 pct.)
 Cost per available seat mile $.189 $.194 (2.6 pct.)
 Nine Months Ended Dec. 31,
 Financial Highlights 1992 1991 Pct. change
 Total operating revenues $109,875,000 $92,701,000 18.5 pct.
 Operating expenses 101,024,000 90,265,000 11.9 pct.
 Operating income 8,851,000 2,436,000 263.3 pct.
 Other expense 656,000 578,000 13.5 pct.
 Income before income
 taxes 8,195,000 1,858,000 341.1 pct.
 Net income 5,188,000 1,149,000 351.5 pct.
 Net income per common
 share $.99 $.22 350.0 pct.
 Average common shares
 outstanding 5,265,167 5,213,413 ---
 Operating Highlights
 Passengers carried 1,155,478 980,835 17.8 pct.
 Revenue passenger
 miles (000) 222,275 186,392 19.3 pct.
 Available seat miles (000) 504,533 450,074 12.1 pct.
 Passenger load factor 44.1 pct. 41.4 pct. 2.7 pts
 Yield per revenue
 passenger mile $.441 $.449 (1.8 pct.)
 Cost per available seat mile $.189 $.191 (1.0 pct.)
 -0- 2/1/93
 /CONTACT: Bradford R. Rich, senior VP-finance & CFO of SkyWest, 801-634-3200/
 (SKYW)


CO: SkyWest Inc.; SkyWest Airlines Inc. ST: Utah IN: AIR SU: ERN

MS-JL -- LA010 -- 1103 02/01/93 07:00 EST
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Date:Feb 1, 1993
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