SkyWest (SKYW) Tops Q4 EPS by 2c

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Go back to SkyWest (SKYW) Tops Q4 EPS by 2c

SkyWest, Inc. Announces Fourth Quarter and Full Year 2016 Results

February 2, 2017 4:01 PM EST

ST. GEORGE, Utah, Feb. 2, 2017 /PRNewswire/ -- SkyWest, Inc. (NASDAQ: SKYW) ("SkyWest") today reported financial and operating results for the fourth quarter of 2016, including a net loss of $270 million, or $5.22 loss per share, compared to net income of $41 million, or $0.78 earnings per diluted share for Q4 2015. Adjusted net income for Q4 2016 was $29 million, or $0.54 earnings per diluted share, compared to adjusted net income of $25 million, or $0.49 earnings per diluted share for Q4 2015. The adjusted results for Q4 2016 exclude (pre-tax) a $466 million non-cash impairment charge and $7 million of early lease return charges, both... More