SkyWest (SKYW) Releases Earnings Results, Beats Expectations By $0.10 EPS

SkyWest (SKYW) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.77 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $0.67. The company posted revenue of $801.34 million in the period, compared to analysts expectations of $763.73 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.

SkyWest opened for trading at $29.11 and hit $29.47 on the upside on Thursday, eventually ending the session at $29.11, with a gain of 0.07% or 0.02 points. The heightened volatility saw the trading volume jump to 3,09,190 shares. Company has a market cap of $1,496 M.

In a different news, on Jun 22, 2016, Henry J Eyring (director) sold 6,267 shares at $11.49 per share price. According to the SEC, on Jun 14, 2016, Jerry C Atkin (director) sold 13,000 shares at $23.85 per share price. On Jun 7, 2016, Terry Vais (Chief Operating Officer – Sub) sold 9,562 shares at $25.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Skywest Inc. is a holding company for two North American regional airlines. The Company through its subsidiaries SkyWest Airlines Inc. and ExpressJet Airlines Inc. offers scheduled passenger service with approximately 3600 daily departures to destinations in the United States Canada Mexico and the Caribbean. The Company operates through two segments: SkyWest Airlines and ExpressJet. The Company’s flights are operated as Delta Connection United Express US Airways Express American Eagle and Alaska. As of December 31 2014 its consolidated fleet consisted of a total of 749 aircrafts of which 425 were assigned to United 239 were assigned to Delta 29 were assigned to American 15 were assigned to US Airways nine were assigned to Alaska two were subleased to unaffiliated entities and 30 were removed from service. The Company operates two types of regional jet aircrafts: the Bombardier Aerospace (Bombardier) regional jet and the Embraer S.A. (Embraer) regional jet.


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