SkyWest (SKYW) Tops Q4 EPS by 20c

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Go back to SkyWest (SKYW) Tops Q4 EPS by 20c

SkyWest, Inc. Announces Fourth Quarter 2018 Profit

January 31, 2019 4:01 PM EST

ST. GEORGE, Utah, Jan. 31, 2019 /PRNewswire/ -- SkyWest, Inc. (NASDAQ: SKYW) ("SkyWest") today reported financial and operating results for Q4 2018, including net income of $67 million, or $1.28 per diluted share, compared to net income of $290 million, or $5.46 per diluted share for Q4 2017. Adjusted net income in Q4 2017 was $43 million, or $0.81 per diluted share, excluding a special income tax benefit from the tax law change in 20171. There was no comparable adjustment in 2018. Pre-tax income of $91 million increased 33% from Q4 2017, primarily due to SkyWest's ongoing fleet transition. Since Q4 2017, SkyWest added 39 new E175 aircraft and... More