So far in 2013, airline stocks have performed fabulously, beating the S&P 500 in many cases by a wide margin. Despite this runup in prices, one company hasn't seen as much popularity as the other major airline names. SkyWest Inc. (NASDAQ:SKYW) has lagged its peers throughout 2013, especially Delta (NYSE:DAL) and US Airways (LCC), among others. This underperformance in its industry is unsubstantiated, because SkyWest has had solid growth in traffic yet still trades at a substantial discount to book value. Due to long-term contracts with its partners and an increasing number of flights, SkyWest Inc. still has room for multiple expansion and long-term earnings growth in a recovering US economy.
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