SkyWest: 4Q Earnings Snapshot
ST. GEORGE, Utah (AP) _ SkyWest Inc. (SKYW) on Thursday reported fourth-quarter earnings of $72.5 million.
On a per-share basis, the St. George, Utah-based company said it had net income of $1.43.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.
The regional airline posted revenue of $743.6 million in the period.
For the year, the company reported profit of $340.1 million, or $6.62 per share. Revenue was reported as $2.97 billion.
SkyWest shares have declined roughly 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $61.53, a rise of 21% in the last 12 months.