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SKYW's fourth-quarter 2024 revenues benefit from flying contract rate increases and higher production.
SkyWest, Inc. (NASDAQ:SKYW ) Q4 2024 Earnings Conference Call January 30, 2025 4:30 PM ET Company Participants Rob Simmons - Chief Financial Officer Eric Woodward - Chief Accounting Officer Chip Childs - President and Chief Executive Officer Wade Steel - Chief Commercial Officer Conference Call Participants Savi Syth - Raymond James Shannon Doherty - Deutsche Bank Catherine O'Brien - Goldman Sachs Tom Fitzgerald - TD Cowen Jake Gunning - Evercore ISI Operator Ladies and gentlemen, thank you for standing by. My name is Abby, and I'll be your conference operator today.
SkyWest (SKYW) came out with quarterly earnings of $2.34 per share, beating the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $0.42 per share a year ago.
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SkyWest (SKYW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SkyWest (SKYW) concluded the recent trading session at $116.06, signifying a +1.1% move from its prior day's close.
In 3Q24, SKYW generated $913 million in revenues, posting a growth of 19.19% y/y. During this period, margins improved substantially. Net margin increase to 9.86% from 3.13% in 3Q23. Expect the continued strength in the industry to serve as strong tailwinds for SKYW. SKYW expects 2025 block hours to increase by 10% y/y, in-line with ACI passenger growth estimates. Expect revenue capacity to surge from SKYW's fleet expansion plans and new agreements with United Airlines.
SkyWest (SKYW) closed at $109.05 in the latest trading session, marking a -0.77% move from the prior day.
SkyWest (SKYW) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.