SkyWest Is Flying Too High
SkyWest: A Growing Fleet At A Great Discount
SkyWest Is Flying Too High
Tue, May 17, 8:52 AM
- U.S. air fares rose 1.1% M/M in April to reverse a decline from March, according to data compiled by the Bureau of Transportation Services. A higher mix of long-haul flights may have pushed up the average fare during the month.
- The level of air fares was up 0.4% Y/Y on an unadjusted basis, despite some local fare wars and lower fuel costs for carriers.
- The higher level of fares follows a major development yesterday when Delta cut back on its capacity growth plans in the second half of 2016 in a bid to level out fares. Delta's Q1 fares were down 5% Y/Y (includes international).
- BTS data
- Related ETF: JETS.
- Related stocks: ALGT, JBLU, SAVE, VA, LUV, DAL, AAL, UAL, HA, SKYW.
Mon, May 16, 11:57 AM
- U.S. airline stocks track higher after Delta announces a reduction in capacity expectations for the second half of the year.
- Delta's domestic capacity will be cut to +2.5% in Q4, while international capacity is seen as flat to down for the back half of 2016.
- The company also anticipates returning to positive unit revenue growth later this year in what has become the most closely-watched metric in the industry,
- Gainers include SkyWest (SKYW +2.2%), Spirit Airlines (SAVE +2.2%), American Airlines Group (AAL +1.9%), and United Continental (UAL +1.7%).
- The U.S. Global Jets ETF (NYSEARCA:JETS) is up 1.1% on the day.
Fri, May 6, 6:46 AM
Wed, May 4, 12:54 PM
Fri, Apr. 29, 12:44 PM
Thu, Apr. 28, 5:18 PM
- SkyWest (NASDAQ:SKYW) is up 9.5% in AH trading after the company blasted past profit estimates with its Q1 report.
- The company reported an operating margin rate of 8.1% vs. 4.5% a year ago. New aircraft and a strategic route management helped the airline improve its bottom line.
- Revenue per available seat mile was up 3.4% to $0.090.
- Cost per available seat mile fell 2.3% to $0.084.
- Previously: SkyWest beats by $0.27, beats on revenue (April 28)
Thu, Apr. 28, 4:29 PM
Wed, Apr. 27, 5:35 PM
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Thu, Apr. 7, 9:34 AM
- SkyWest (SKYW) discloses that revenue passenger miles fell 4.9% to 2.459B in March.
- Capacity was down 4.1% to 3.007B available seat miles off of 6.7% fewer departures.
- March load factor -70 bps to 81.8%.
- YTD load factor -120 bps to 79.0%.
- The decrease in flights by the carrier is consistent with a strategy to shift toward flying more dual class aircraft over smaller jets.
Fri, Apr. 1, 5:53 PM
- American Airlines (NASDAQ:AAL), Delta Air Lines (NYSE:DAL), United Continental (NYSE:UAL) and Hawaiian Holdings (NASDAQ:HA) were downgraded to Hold from Buy today at Deutsche Bank, citing key macro indicators that it believes signal a more challenging environment for 2016.
- Deutsche Bank says a slowdown in U.S. corporate profits is a concern given that they are a leading indicator of economic activity, and thus could lead to reduced demand for corporate travel; however, consumer spending and housing have fared better, which should bolster demand for discretionary and leisure travel at least through the summer.
- The firm favors domestic names that are less reliant on corporate travel, such as Southwest Airlines (NYSE:LUV), Alaska Air (NYSE:ALK), JetBlue (NASDAQ:JBLU), Spirit Airlines (NASDAQ:SAVE) and SkyWest (NASDAQ:SKYW).
- Now read U.S. airlines under scrutiny for baggage fees
Tue, Mar. 8, 2:39 PM
- Airline stocks are down almost across the board after several U.S. carriers reported on February traffic and doled out forecasts on passenger revenue per available seat mile. The closely-watched PRASM metric has been pressured by a broad boost in capacity and heightened competition in regions where ULCC (ultra low cost carriers) scrap for market share.
- Notable decliners today include JetBlue (JBLU -7.7%), Spirit Airlines (SAVE -4.8%), Delta Air Lines (DAL -3.9%), SkyWest (SKYW -3.6%), and Virgin America (VA -3%). Southwest Airlines (LUV +0.5%) is the outlier in the sector after avoiding a forecast for negative Q1 PRASM. The U.S. Global Jets ETF (NYSEARCA:JETS) is down 2.8% on the day.
- Earlier traffic reports: American Airlines, Southwest, JetBlue, SkyWest.
Tue, Mar. 8, 8:02 AM
- SkyWest (NASDAQ:SKYW) reports block hours fell 2.5% to 152,822 in February off a planned fleet transition shift.
- During the month, the company's new dual class aircraft accounted for 41% of all block hours, compared to 35% a year ago.
- Key metrics: Revenue passenger miles decreased 1.0% to 2.080B in February, while capacity was up 1.9% to 2.666B. Load factor -270 bps to 78.1%.
Mon, Feb. 22, 4:52 PM
Fri, Feb. 19, 9:05 AM
- Airline fares rose 1.2% M/M in January, according to the Bureau of Labor Statistics.
- The average fare during the month was 1.7% lower than the level from a year ago on an unadjusted basis.
- The bump in fares coincides with fuel costs still sitting at depressed levels for airline companies. Recent reports from carriers suggest that pricing has picked back up on the high end, while some markets remain highly competitive (Virgin America reported Q4 fares were down 9%).
- Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
- Related ETF: JETS.
- BLS CPI data
Thu, Feb. 18, 10:06 AM
Thu, Feb. 4, 4:36 PM
Sky West, Inc. is a holding company for SkyWest Airlines, Inc. and ExpressJet Airlines, Inc., which engages in the provision of scheduled passenger services in the United States of America, Canada, Mexico and the Caribbean. It operates through the following segments: SkyWest Airlines,... More
Industry: Regional Airlines
Country: United States
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