News for SkyWest
Mar 26 · 12:14:00 PM · Source: TradersHuddle.com
Shares of SkyWest, Inc. (NASDAQ:SKYW) closed the trading session at $14.64 placing the price action in a very tight range, given that calculated support is set at $14.31 and the calculated resistance based on an algorithm of peaks and troughs is set at $15.07, according to TradersHuddle.com. SkyWest, Inc. operates SkyWest Airlines and ASA Airlines that offer scheduled passenger service to destinations in the United States, Canada, Mexico and the Caribbean for major airlines Delta, United and AirTran.
SkyWest's stock price action indicates that both sellers and buyers are materializing very close to each other, which is indicative to a momentum building area, as the stock can resolve by breaking out of the tight range that developed. According to TradersHuddle.com individuals wanting to establish a position should place close attention to SkyWest's price action, as any movement outside its predefined range of $14.31 and $15.07 could grab the attention of momentum buyers, looking for a big movement in the price of the stock.
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by Steve Wieczorek
Feb 16 · 12:18:00 PM
SkyWest, Inc. (“SkyWest”) (NASDAQ: SKYW) reported operating revenues of $604.4 million for the quarter ended December 31, 2009, compared to $743.3 million for the same period last year. SkyWest also reported net income of $19.5 million or $0.34 per diluted share, for the quarter ended December 31, 2009, compared to $21.2 million of net income or $0.37 per diluted share, for the same period last year.
SkyWest also reported operating revenues of $2.61 billion for the year ended December 31, 2009, compared to $3.50 billion for the year ended December 31, 2008. SkyWest reported net income of $83.7 million or $1.47 per diluted share, for the year ended December 31, 2009, compared to $112.9 million of net income, or $1.93 per diluted share for the year ended December 31, 2008.
Total operating expense and interest per available seat mile (“ASM”) for the fourth quarter of 2009, excluding fuel expense of $59.2 million, or $0.011 per ASM, decreased 6.9% to $0.094 from $0.101 for the comparable quarter of 2008. The decrease is primarily due to the overall reduction in personnel (full-time equivalent basis) by approximately 8.1% for the quarter ended December 31, 2009, compared to the same period last year, while at the same time experiencing an increase in ASM production by approximately 7.5% for the comparable periods. The decrease was also partially attributable to flying more regional jets, with larger seating capacity, that typically generate more ASMs than smaller aircraft flying the same routes. Total operating expense and interest, excluding fuel expense, was $517.9 million for the quarter ended December 31, 2009, compared to $517.1 million for the quarter ended December 31, 2008.
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by Steve Wieczorek
Feb 16 · 12:08:00 PM
United Airlines is to add Minot, North Dakota, to its network with twice daily nonstop service to Denver beginning on June 9 with flights operated by its regional partner, SkyWest Airlines using 50-seat Bombardier CRJs Regional Jets, according to the Shephard Group.
“We are delighted to provide travellers in Minot with new, convenient nonstop service to Denver and access to our extensive network throughout the world,” remarked Greg Kaldahl, United’s vice-president of resource planning.
“Minot has had a run of good news when it comes to expanding flights, and the reason is western North Dakota is an economic powerhouse that needs access to frequent and affordable flights that go both east and west,” commented US Senator Byron Dorgan (Democrat, ND), who is chairman of the Aviation Operations, Safety and Security Subcommittee in the Senate. Senator Dorgan was referring to news announced on February 11 that Delta Air Lines is to begin flights to Salt Lake City starting on May 3, also operated by SkyWest.
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by Steve Wieczorek
Feb 15 · 6:45:00 PM · Source: PR-USA
SkyWest reported a 9.9 percent increase in revenue passenger miles (RPMs) for January, while available seat miles (ASMs) increased 8.4 percent compared to the same period last year.
The combined airlines generated 1.37 billion RPMs for the month, while ASMs increased to 1.87 billion. Load factor was up 1.0 percentage points to 73.3 percent compared to 72.3 percent for the same period last year. Passenger boardings for January totaled 2,737,931 a 12.0 percent increase from January 2008.
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by Michael Oliveto
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