Revenue Update on SkyWest(NASDAQ:SKYW)

SkyWest(NASDAQ:SKYW) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $801.34M. Analysts estimated a revenue of $764.04M. Earnings per share were $0.77. Analysts had estimated an EPS of $0.67.

SkyWest (SKYW) made into the market gainers list on Thursdays trading session with the shares advancing 1.08% or 0.29 points. Due to strong positive momentum, the stock ended at $27.18, which is also near the day’s high of $27.37. The stock began the session at $26.95 and the volume stood at 3,25,587 shares. The 52-week high of the shares is $29.71 and the 52 week low is $13.23. The company has a current market capitalization of $1,397 M and it has 5,13,87,426 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 22, 2016, Henry J Eyring (director) sold 6,267 shares at $11.49 per share price.Also, On Jun 14, 2016, Jerry C Atkin (director) sold 13,000 shares at $23.85 per share price.On Jun 7, 2016, Terry Vais (Chief Operating Officer – Sub) sold 9,562 shares at $25.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Skywest Inc. is a holding company for two North American regional airlines. The Company through its subsidiaries SkyWest Airlines Inc. and ExpressJet Airlines Inc. offers scheduled passenger service with approximately 3600 daily departures to destinations in the United States Canada Mexico and the Caribbean. The Company operates through two segments: SkyWest Airlines and ExpressJet. The Company’s flights are operated as Delta Connection United Express US Airways Express American Eagle and Alaska. As of December 31 2014 its consolidated fleet consisted of a total of 749 aircrafts of which 425 were assigned to United 239 were assigned to Delta 29 were assigned to American 15 were assigned to US Airways nine were assigned to Alaska two were subleased to unaffiliated entities and 30 were removed from service. The Company operates two types of regional jet aircrafts: the Bombardier Aerospace (Bombardier) regional jet and the Embraer S.A. (Embraer) regional jet.

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