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- The company beat Q2 consensus on the top line, but missed on the bottom line.
- We are still bearish on the company, but note that it has fallen below our price target.
- We felt the company was due to miss expectations, given the weakness in its ExpressJet acquisition.
SkyWest - A Broken Business Provides A Short Opportunity Ahead Of Earnings In May
- SkyWest's heavy reliance on 50-seat jets means that it is a business facing significant threats.
- New rules and regulations, along with low pilot pay, have created a pilot shortage.
- ExpressJet, owned by SKYW, is bleeding money.
- Short interest in SKYW has been increasing.
- SKYW's stock has been downgraded and revenue guidance has been pushed downward.
Yesterday, 7:56 AM| Comment!
Yesterday, 6:53 AM
Tue, Oct. 28, 5:30 PM
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Fri, Oct. 24, 3:19 PM
- Cowen Research says Q3 earnings and guidance from airliners have surprised to the upside.
- The positive comments from airliner management on PRASM and costs coincides with some share price loss in the sector over Ebola fears.
- Q4 margins are forecast to expand as lower fuel prices factor in.
- Domestic airline stocks: DAL, AAL, JBLU, UAL, ALK, HA, RJET, ALGT, LUV, SKYW, SAVE.
Tue, Oct. 21, 1:12 PM
- Airline stocks are putting in another volatile day as the Ebola headlines veer toward the positive side.
- Gainers: Spirit Airlines (NASDAQ:SAVE) +5.0%, American Airlines Group (NASDAQ:AAL) +5.3%, Southwest Airlines (NYSE:LUV) +4.7%, SkyWest (NASDAQ:SKYW) +4.1%, United Continental (NYSE:UAL) +2.9%, Delta Air Lines (NYSE:DAL) +2.5%, Allegiant Travel (NASDAQ:ALGT) +1.9%, JetBlue (NASDAQ:JBLU) +2.3%, Alaska Air Group (NYSE:ALK) +1.9%.
Mon, Oct. 20, 10:03 AM
- Fares on domestic flights are higher this year than a year ago, despite an increase in capacity across the sector, according to a forecast from Expedia EXPE.
- Thanksgiving flights showed a 17% increase on average to $467, while Christmas flights were up 2% to $493.
- A total of 21M Americans are expected to fly between October and December.
- The outlook could calm some fears that bookings or pricing are off with Ebola concerns cropping up in the U.S.
- Related stocks: DAL, AAL, JBLU, UAL, ALK, HA, RJET, ALGT, LUV, SKYW, SAVE.
Wed, Oct. 15, 11:49 AM
- Airline stocks are under pressure again after a report indicates that the second hospital worker to contract Ebola in the Dallas region flew a commercial flight earlier this week.
- The group has been battered around on Ebola fears over the last few weeks, despite little indication of any impact on bookings so far.
- On watch: DAL, AAL, JBLU, UAL, ALK, HA, RJET, ALGT, LUV, SKYW, LFL, GOL, SAVE.
Wed, Oct. 15, 5:25 AM
- A second healthcare worker has contracted Ebola in the U.S.,
- The worker, a staff member at Texas Health Presbyterian Hospital, was among those who looked after Thomas Duncan, who died of the virus earlier this month.
- More on Ebola
- Related health stocks: TKMR, BCRX, HEB, INO, NLNK, NNVC, OTCQB:GOVX, SRPT, CMRX, GSK, IBIO, APT, LAKE, SRPT, PLX, NSPH, SMED, VSR, AHPI
- Airlines: DAL, AAL, UAL, SKYW, ALGT, HA, LUV
- Hotels: MAR, HLT, IHG, STAY, H, HOT, CHH
- Lodging REITS: AHT, SHO, LHO, INN
Tue, Oct. 14, 2:20 PM
- Airline stocks trade higher as Ebola fears ease off a bit and lower oil prices factor in.
- The sector has been volatile ever since the first Ebola case was reported in the U.S.
- Decliners: Delta Air Lines (NYSE:DAL) +5.5%, American Airlines Group (NASDAQ:AAL) +9.5%, United Continental (NYSE:UAL) +5.3%, SkyWest (NASDAQ:SKYW) +5.5%, Allegiant Travel (NASDAQ:ALGT) +4.2%, Hawaiian Holdings (NASDAQ:HA) +3.8%, Southwest Airlines (NYSE:LUV) +4.2%.
Mon, Oct. 6, 12:38 PM
Wed, Aug. 27, 5:56 PM
Wed, Aug. 6, 5:41 PM
Wed, Aug. 6, 6:56 AM
- SkyWest (NASDAQ:SKYW) reports passenger traffic fell 2.7% in Q2 on light capacity.
- The carrier's passenger load factor improved 170 bps to 83.9%.
- Salaries and wages costs up 3.5% to $310.8M. Additional pilot training costs were also a drag on earnings.
- The company says it expects 56 of its unprofitable 50-seat aircraft contracts to expire during 2H.
Wed, Aug. 6, 6:48 AM
Tue, Aug. 5, 5:30 PM
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Mon, Jul. 14, 9:01 AM
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