SkyWest (SKYW -6.1%) is downgraded to Underperform by BAML on valuation concerns after shares...

|By:, SA News Editor

SkyWest (SKYW -6.1%) is downgraded to Underperform by BAML on valuation concerns after shares have climbed ~60% in past three months and now trade at a substantial premium to the major U.S. airlines; yet the firm says SKYW lacks the upside earnings leverage of its partner airlines. SKYW reported September revenue passenger miles rose 1%.