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SKYWEST INC. REPORTS SECOND QUARTER RESULTS

 SKYWEST INC. REPORTS SECOND QUARTER RESULTS
 ST. GEORGE, Utah, Oct. 30 /PRNewswire/ -- SkyWest Inc.


(NASDAQ: SKYW) today reported record earnings, revenues and enplanements for the quarter ended Sept. 30, 1992.
 Net income for the period increased 226 percent to $2,204,000, or $.42 per share, compared to $675,000, or $.13 per share, for the same period last year. The company also broke previous records for quarterly revenue performance. Operating revenues increased 17.2 percent to $38,417,000, compared to $32,767,000 for the same period last year.
 For the six months ended Sept. 30, 1992, net income increased 350 percent to $3,851,000, or $.73 per share, from $855,000, or $.16 per share, for the similar period last year.
 "We are obviously pleased with the financial performance," said Bradford R. Rich, senior vice president-finance and chief financial officer, commenting on the results. "In spite of the difficulties of a stagnant economy and continued promotional fare discounting that resulted in lower yields, we succeeded in capitalizing on increased traffic and effectively managed our seat-mile costs," he said.
 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 the Delta hubs of Salt Lake City and Los Angeles. The company's common stock is traded on the NASDAQ National Market System under the symbol SKYW.
 SKYWEST INC.
 Unaudited Financial and Operating Highlights
 Three months ended Sept. 30,
 Percent
 1992 1991 change
 Financial highlights
 Operating revenues $38,417,000 $32,767,000 17.2
 Operating expenses 34,632,000 31,438,000 10.2
 Operating income 3,785,000 1,329,000 184.8
 Other expense 281,000 209,000 34.4
 Income before
 income taxes 3,504,000 1,120,000 212.9
 Net income 2,204,000 675,000 226.5
 Net income per
 common share $.42 $.13 223.1
 Average common shares
 outstanding 5,253,255 5,213,413 0.8
 Operating highlights
 Passengers carried 405,850 341,619 18.8
 Revenue passenger
 miles (000) 78,871 65,353 20.7
 Available seat
 miles (000) 169,630 155,226 9.3
 Passenger load factor 46.5 pct 42.1 pct 10.5
 Break-even load factor 43.4 pct 41.9 pct 3.6
 Yield per revenue
 passenger mile $.425 $.447 (4.9)
 Cost per available
 seat mile $.191 $.192 (0.5)
 Six months ended Sept. 30,
 Percent
 1992 1991 change
 Financial highlights
 Operating revenues $73,667,000 $61,662,000 19.5
 Operating expenses 67,084,000 59,828,000 12.1
 Operating income 6,583,000 1,834,000 258.9
 Other expense 473,000 409,000 15.6
 Income before
 income taxes 6,110,000 1,425,000 328.8
 Net income 3,851,000 855,000 350.4
 Net income per
 common share $.73 $.16 356.3
 Average common shares
 outstanding 5,253,125 5,213,413 0.8
 Operating highlights
 Passengers carried 767,354 651,604 17.8
 Revenue passenger
 miles (000) 147,539 123,458 19.5
 Available seat
 miles (000) 332,702 300,408 10.8
 Passenger load factor 44.3 pct 41.1 pct 7.8
 Break-even load factor 41.5 pct 41.2 pct 0.7
 Yield per revenue
 passenger mile $.438 $.448 (2.2)
 Cost per available
 seat mile $.189 $.190 (0.5)
 -0- 10/30/92
 /CONTACT: Bradford R. Rich, senior VP-finance and CFO of SkyWest, 801-634-3000/
 (SKYW) CO: SkyWest Inc. ST: Utah IN: AIR SU: ERN


JL-LS -- LA011 -- 6912 10/30/92 07:00 EST
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Date:Oct 30, 1992
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