SkyWest: 2Q Earnings Snapshot
ST. GEORGE, Utah (AP) _ SkyWest Inc. (SKYW) on Wednesday reported second-quarter profit of $88.1 million.
The St. George, Utah-based company said it had net income of $1.71 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.60 per share.
The regional airline posted revenue of $744.4 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $733 million.
SkyWest shares have increased 37% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $60.71, a climb of slightly more than 1% in the last 12 months.