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SkyWest: 4Q Earnings Snapshot

January 31, 2019

ST. GEORGE, Utah (AP) _ SkyWest Inc. (SKYW) on Thursday reported fourth-quarter net income of $67.1 million.

The St. George, Utah-based company said it had net income of $1.28 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.

The regional airline posted revenue of $803.5 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $789.6 million.

For the year, the company reported profit of $280.4 million, or $5.30 per share. Revenue was reported as $3.22 billion.

SkyWest shares have increased 15 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $50.95, a fall of almost 9 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SKYW at https://www.zacks.com/ap/SKYW

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