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Stock Market & Financial Investment News

News Breaks
July 27, 2014
13:18 EDTSKYWSkyWest sees Q2 EPS (28c)-(23c), consensus 22c
There are three primary factors that contributed to SkyWest's determination of the estimated results as outlined above. First, SkyWest made certain tax true-ups in its tax provision as a result of changes in its estimates of annual pretax income or loss from those previously estimated. Second, SkyWest recorded valuation allowances of certain tax receivables and write-downs of ground handling equipment and other assets. Third, SkyWest experienced reduced revenues from missed incentives under its flying contracts with its major partners as a result of lower on-time performance and completion of flights and SkyWest implemented new Federal Aviation Administration rules, as required, early in 2014 regarding initial crew qualifications and flight and duty rest rules which are resulting in increased crew costs. A more detailed explanation of the foregoing items, as well as other factors which affected SkyWest's operating performance and financial results for the quarter ended June 30 will be given when SkyWest announces its reviewed financial results, which is currently planned to occur on August 6.
News For SKYW From The Last 14 Days
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November 17, 2014
18:25 EDTSKYWSkyWest sees Q4 pre-tax charge of $55M-$70M
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November 10, 2014
17:54 EDTSKYWSkyWest reports October traffic down 2.3%
SkyWest reported a 2.3% decrease in revenue passenger miles for October, while available seat miles decreased 3.2% compared to October 2013. SkyWest also reported that passenger boardings for October decreased 3.2% to 5,043,654 compared to 5,210,976 for the same period last year. Load factor increased to 82.1% compared to 81.4% in October 2013. The combined airlines generated 2.7B RPMs for the month, while ASMs were 3.3B. SkyWest also reported a decrease of 7.3% in departures to 114,705 for October compared to 123,758 for the same period last year.

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