Skywest announce sky-high half yearly profit

Western Australian airline, Skywest, announced strong half-yearly results which were headlined by a 948 per cent pre-tax increase in net profit.

The state's major regional airline's pre-tax profit increased from $102,394 to $1,072,719 for the six months to December 31, 2005.

Over the same period net operating cash-flows rose 49 per cent to $3,120,635, and revenues increased 15 per cent to $38,066,485.

Other highlights included investment in aircraft, plant and equipment rising 95 per cent to $2,999,470.

Each year, Skywest flies more than 320,000 people across WA, the Northern Territory, and to Bali.

The airline has been operating in the state for more than 40 years, providing an essential link for regional communities, tourists and businesses.