SkyWest Posts Loss In Q2 - Quick Facts

(RTTNews) - SkyWest, Inc (SKYW) Wednesday reported a loss for the second quarter compared to profit last year, primarily reflecting lower than expected performance incentive bonuses under the company's flying contracts and the unfavorable flying contract settlements, which in turn hurt revenue. The company posted net loss of $14.7 million or $0.29 per share compared with net earnings of $20.7 million or $0.39 per share, for the same period last year. On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.21 per share for the quarter. Analysts' estimates typically exclude special items. Operating revenues were down to $816.6 million from $839.1 million a year ago. Wall Street expected revenues of $800.21 million.