SkyWest: 4Q Earnings Snapshot
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.