Streetbeat News

SKYW

SkyWest, Inc.

https://inc.skywest.com

Industry

Airlines, Airports & Air Services

SkyWest, Inc., through its subsidiaries, operates a regional airline in the United States. The company operates through two segment, SkyWest Airlines and SkyWest Leasing. It also leases regional jet aircraft and spare engines to third parties. As of December 31, 2021, the company's fleet consisted of 629 aircraft; and provided scheduled passenger and air freight services with approximately 2,080 total daily departures to various destinations in the United States, Canada, Mexico, and the Caribbean. In addition, it offers airport customer and ground handling services for other airlines. SkyWest, Inc. was incorporated in 1972 and is headquartered in St. George, Utah.

Open

111.19

Mkt cap

4.5B

Volume

317K

High

112.86

P/E Ratio

19.26

52-wk high

116.47

Low

109.59

Div yield

N/A

52-wk low

45.42

SkyWest's short interest has decreased by 3.47%, with 1.23 million shares sold short, representing 4.45% of its float. This is lower than its peers' average short interest of 11.60%.

Portfolio Pulse from Benzinga Insights

October 25, 2024 | 5:30 pm

US airlines face challenges due to reduced demand for flights to China, Boeing's strike affecting aircraft deliveries, and global carriers shifting focus. European airlines are reallocating resources, while US airlines maintain minimal routes to China. Boeing's structural issues and Southwest Airlines' external challenges are highlighted.

Portfolio Pulse from Akanksha Bakshi

October 25, 2024 | 1:35 pm

Airline stocks are experiencing a rise in share prices due to reduced fears from Hurricane Milton and a decrease in fuel costs, a significant expense for the industry.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 6:12 pm

Uber Technologies Inc (UBER) and SkyWest Inc (SKYW) are identified as potentially overbought stocks in the industrials sector, with RSI values above 70. Both companies are set to discuss their Q3 2024 results on Oct. 31, which could impact their stock prices.

Portfolio Pulse from Avi Kapoor

October 11, 2024 | 12:41 pm

SkyWest's short interest has increased by 4.49%, with 1.54 million shares sold short, representing 5.58% of its float. This is below the peer group average of 11.96%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 6:45 pm

Shares of airline companies are trading lower amid overall market weakness following weak US data.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:44 pm

Wall Street experienced a late-week rally driven by positive inflation data and strong corporate earnings. The Dow Jones surged 1.9%, marking its best session of 2024, while the Nasdaq 100 and Russell 2000 also posted gains. Investors are confident in a Fed rate cut in September. Key movers included 3M, Aon, Avantor, and Newell Brands.

Portfolio Pulse from Piero Cingari

July 26, 2024 | 5:51 pm

SkyWest (NASDAQ:SKYW) reported Q2 2024 GAAP EPS of $1.82, beating the estimate of $1.74. Sales were $867.118M, surpassing the $826.623M estimate and marking a 19.50% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:30 pm

Wall Street rebounded strongly on Thursday, driven by better-than-expected economic growth and cooling inflation. Major indices and sectors posted gains, with small caps and long-term Treasury bonds performing particularly well. Gold and Bitcoin fell, while oil prices rose.

Portfolio Pulse from Piero Cingari

July 25, 2024 | 5:00 pm

Nasdaq and S&P futures are sliding due to negative tech earnings and anticipation of Q2 GDP data. Disappointing earnings from STMicroelectronics and Teradyne are dragging the tech sector. SPDR S&P 500 ETF Trust and Invesco QQQ ETF are also down in premarket trading. Analysts suggest caution with small-cap cyclicals despite recent outperformance.

Portfolio Pulse from Shanthi Rexaline

July 25, 2024 | 11:23 am

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