SkyWest, Inc.(SKYW)- NASDAQ
  • Fri, Sep. 16, 8:44 AM
    • U.S. air fares fell 3.5% Y/Y and 5.5% M/M in August to stay in a down trend, according to data compiled by the Bureau of Transportation Services.
    • Lower fuel costs and an elevated level of capacity were factors again during the month.
    • Research firm Hopper expects fares to continue to drop until bottoming out at an average of $210 in January 2017.
    • The lower level of fares will impact Q3 revenue per available seat mile, although those expectations are already included in guidance updates.
    • BTS data
    • Related ETF: JETS.
    • Related stocks: ALGT, JBLU, SAVE, VA, LUV, DAL, AAL, UAL, HA, SKYW, ALK.
    | Fri, Sep. 16, 8:44 AM | 21 Comments
  • Mon, Sep. 12, 7:23 AM
    • SkyWest (NASDAQ:SKYW) reports revenue passenger miles fell 7.7% 20.5% in August to 2.46185B.
    • Capacity was down 6.5% Y/Y to 2.978204B available seat miles.
    • August load factor -100 bps to 82.7%.
    • YTD load factor -100 bps to 81.8%.
    | Mon, Sep. 12, 7:23 AM | 1 Comment
  • Tue, Aug. 30, 10:58 AM
    • Airline stocks are higher as investors take a hard look at the sector seen by some analysts as undervalued.
    • On the macroeconomic front, a read on consumer confidence came in very positive today and oil prices are cooperating, while on the corporate site a major hire at United Continental (UAL +7.8%) is being well-received.
    • Notable gainers include SkyWest (SKYW +2.7%), Allegiant Travel (ALGT +2.1%), American Airlines Group (AAL +1.9%), and Delta Air Lines (DAL +1.6%).
    • Related ETF: JETS.
    | Tue, Aug. 30, 10:58 AM | 5 Comments
  • Tue, Aug. 16, 10:48 AM
    • U.S. air fares plunged 8.5% M/M and 4.6% M/M in July in the sharpest drop in over a year, according to data compiled by the Bureau of Transportation Services.
    • Lower fuel costs and an elevated level of capacity were factors during the month.
    • Research firm Hopper thinks airfares will continue to drop through October on a seasonal effect. Hopper estimates an average fare of $213 per round trip in October, down from a current level of $232.
    • The level of air fares has an obvious impact on the key metric in the airline sector - revenue per available seat mile - although it didn't seem to come up much during this quarter's round of earnings calls.
    • BTS data
    • Related ETF: JETS.
    • Related stocks: ALGT, JBLU, SAVE, VA, LUV, DAL, AAL, UAL, HA, SKYW, ALK.
    | Tue, Aug. 16, 10:48 AM | 11 Comments
  • Mon, Aug. 8, 12:27 PM
    • SkyWest (NASDAQ:SKYW) declares $0.05/share quarterly dividend, in line with previous.
    • Forward yield 0.71%
    • Payable Oct. 7; for shareholders of record Sept. 30; ex-div Sept. 28.
    | Mon, Aug. 8, 12:27 PM
  • Fri, Aug. 5, 11:44 AM
    • Airline stocks are higher today after a solid U.S. jobs report and with oil prices swinging lower again.
    • This summer the sector has seen bouncy trading as concerns over unit revenue, sensitivity to terrorist incidents, and new Zika outbreaks have influenced sentiment.
    • The wave of anxiety coincides with a period where profit has been increasing at some carriers to push forward price-earnings ratios to single digits. Investors focused on value now have United at a 6.9 forward PE, Delta at 6.2, American at 6.8, JetBlue at 8.5, Southwest at 9.3, and SkyWest at 9.7 to mull over.
    • Today's rally includes United Continental (UAL +4.2%), SkyWest (SKYW +3.5%), Allegiant Travel (ALGT +3.3%), Southwest Airlines (LUV +2.9%), Delta Air Lines (DAL +2.9%), Hawaiian Holdings (HA +2.2%), JetBlue (JBLU +1.8%), American Airlines Group (AAL +1.6%), Alaska Air Group (ALK +1.7%), and Spirit Airlines (SAVE +1.4%).
    • The U.S. Global Jets ETF (NYSEARCA:JETS) is up 2.11% on the day.
    | Fri, Aug. 5, 11:44 AM | 19 Comments
  • Thu, Jul. 28, 4:18 PM
    • SkyWest (NASDAQ:SKYW): Q2 EPS of $0.77 beats by $0.10.
    • Revenue of $801.34M (+1.6% Y/Y) beats by $37.3M.
    • Press Release
    | Thu, Jul. 28, 4:18 PM
  • Wed, Jul. 27, 5:35 PM
  • Thu, Jul. 21, 10:39 AM
    • Airline stocks (JETS -2.8%) are broadly lower following Southwest Airlines' (LUV -8.8%) Q2 earnings miss and downbeat guidance for a 3%-4% decline in Q3 RASM from a 0.6% gain in Q2.
    • Shares also are hurt by warnings from Deutsche Lufthansa (OTCQX:DLAKF, OTCQX:DLAKY) and EasyJet (OTC:EJTTF, OTCQX:ESYJY) that recent terror attacks and political turmoil in Europe were weighing on their businesses.
    • Lufthansa says advance bookings, particularly on longer routes to Europe, "have declined significantly, in particular due to repeated terrorist attacks in Europe and to greater political and economic uncertainty."
    • Easyjet also warns on terrorism, and says the U.K.’s Brexit vote would hurt per-seat revenue, and that foreign exchange and fuel cost effects would add ~£25M ($33M) to full-year expenses.
    • DAL -3.1%, UAL -2.9%, AAL -2%, RYAAY -2.9%, ALK +0.8%, JBLU -2.3%, SAVE -2.6%, HA -1.3%, SKYW -0.2%.
    | Thu, Jul. 21, 10:39 AM | 19 Comments
  • Fri, Jun. 24, 3:02 PM
    • In the rush to safety and away from cyclical stocks like airlines, Ryanar (RYAAY -5.1%), and the U.S. legacy carriers - American Airlines (AAL -10%), Delta (DAL -7.4%), and United (UAL -8.3%) - are most exposed to the Brexit, says Raymond James' Savanthi Syth.
    • The Latin American airlines are also negatively exposed to the stronger U.S. dollar - Copa (CPA -4%), Gol (GOL +6%), and Latam (LFL -6.1%).
    • For now, Allegiant (ALGT -1.5%), Spirit (SAVE -3.9%), and SkyWest (SKYW -5.1%) are best to hide out in, along with Alaska Air (ALK -4.3%) and Virgin America (VA -0.4%) to some extent.
    | Fri, Jun. 24, 3:02 PM | 38 Comments
  • Mon, Jun. 13, 9:57 AM
    • Airline stocks begin the week with a sharp downward movement.
    • The terror attack in Orlando is the main driver of the selling pressure on the sector, although a bombing in the Shanghai airport yesterday is also impacting Chinese airlines China Eastern Air (CEA -2.1%) and China Southern Airlines (ZNH -5.3%).
    • Decliners include Hawaiian Holdings (HA -3.1%), American Airlines Group (AAL -2.9%), Spirit Airlines (SAVE -3.8%), Delta Air Lines (DAL -2.7%), JetBlue (JBLU -2.1%), Southwest Airlines (LUV -2.5%), SkyWest (SKYW -1.8%), United Continental (UAL -2.6%), Alaska Air Group (ALK -2.3%), and Allegiant Travel (ALGT -1.5%).
    • The U.S. Global Jets ETF (NYSEARCA:JETS) is down 2.72% on the day.
    | Mon, Jun. 13, 9:57 AM | 13 Comments
  • 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.
    | Tue, May 17, 8:52 AM | 7 Comments
  • 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.
    | Mon, May 16, 11:57 AM | 7 Comments
  • Fri, May 6, 6:46 AM
    • SkyWest (NASDAQ:SKYW) reports revenue passenger miles fell 8.1% Y/Y in April to 2.3075B. Passengers flown decreased 7.2% to 4.412M.
    • Capacity was down 6.7% to 2.8353B available seat miles.
    • April load factor -120 bps to 81.4%.
    • YTD load factor -120 bps to 79.6%.
    | Fri, May 6, 6:46 AM
  • Wed, May 4, 12:54 PM
    • SkyWest (NASDAQ:SKYW) declares $0.05/share quarterly dividend, 25% increase from prior dividend of $0.04.
    • Forward yield 0.87%
    • Payable July 7; for shareholders of record June 30; ex-div June 28.
    | Wed, May 4, 12:54 PM
  • Fri, Apr. 29, 12:44 PM
    | Fri, Apr. 29, 12:44 PM