SkyWest (SKYW) Tops Q1 EPS by 54c, Revenues Beat

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Go back to SkyWest (SKYW) Tops Q1 EPS by 54c, Revenues Beat

SkyWest, Inc. Announces First Quarter 2019 Profit

April 25, 2019 4:01 PM EDT

ST. GEORGE, Utah, April 25, 2019 /PRNewswire/ -- SkyWest, Inc. (NASDAQ: SKYW) ("SkyWest") today reported financial and operating results for Q1 2019, including net income of $88 million, or $1.69 per diluted share, compared to net income of $54 million, or $1.03 per diluted share, for Q1 2018. Adjusted net income in Q1 2019 was $69 million, up 27% from Q1 2018 primarily due to SkyWest's ongoing fleet transition, as SkyWest has added 43 new aircraft since Q1 2018, and reduced aircraft ownership costs resulting from early lease buyouts executed in early 2019.

Commenting on the results, Chip Childs, Chief Executive Officer and... More