SkyWest Inc Announces Increase In Q1 Earnings

(RTTNews) - SkyWest Inc (SKYW) reported a profit for its first quarter that climbed from the same period last year.

The company's bottom line came in at $88.16 million, or $1.69 per share. This compares with $54.36 million, or $1.03 per share, in last year's first quarter.

Analysts had expected the company to earn $1.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.6% to $723.69 million from $783.40 million last year.

SkyWest Inc earnings at a glance:

-Earnings (Q1): $88.16 Mln. vs. $54.36 Mln. last year. -EPS (Q1): $1.69 vs. $1.03 last year. -Analysts Estimate: $1.15 -Revenue (Q1): $723.69 Mln vs. $783.40 Mln last year.