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SkyWest, Inc. (SKYW)

- NASDAQ
  • Wed, Aug. 19, 9:19 AM
    • Airlines fares fell 5.6% M/M in July to mark the sharpest drop in the index since December 1995, according to the Bureau of Labor Statistics.
    • The average fare was also 5.6% lower than the level from a year ago on an unadjusted basis.
    • Lower jet fuel expenses and an increased focus on price collusion in the sector are both in the background.
    • Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
    • Related ETF: JETS.
    • BLS CPI data
    | 16 Comments
  • Mon, Aug. 10, 5:19 PM
    • SkyWest (NASDAQ:SKYW) declares $0.04/share quarterly dividend, in line with previous.
    • Forward yield 0.93%
    • Payable Oct. 6; for shareholders of record Sept. 30; ex-div Sept. 28.
    | Comment!
  • Thu, Aug. 6, 11:37 AM
    • SkyWest (SKYW -0.5%) reports revenue passenger miles decreased 6.8% to 2.733B in July.
    • Capacity was down 7.7% to 3.210B available seat miles as the company stuck to a plan to improve aircraft mix.
    • July load factor +70 bps to 85.1%.
    • YTD load factor -10 bps to 82.6%.
    | Comment!
  • Fri, Jul. 31, 1:27 PM
    • U.S. airline companies generated net income of over $5.7B in Q2 off of operating revenue that was roughly in-line with the level from last year.
    • Analysts expect the benefit of lower fuel prices and the high level of ancillary fee growth to continue into Q3 and Q4. While regulatory pressure may be dialed up with a collusion probe hanging over the sector, efficiency is seen firming up as strategic capacity growth feeds revenue.
    • Share prices haven't quite kept up with profit growth across much of the sector on skittish reactions by some investors to ongoing developments (hacking, labor, flight disruptions, PRASM guidance).
    • Forward P-E ratios below 10: American Airlines Group (NASDAQ:AAL), United Continental (NYSE:UAL), Delta Air Lines (NYSE:DAL), Hawaiian Holdings (NASDAQ:HA), Virgin America (NASDAQ:VA), Republic Airways (NASDAQ:RJET), SkyWest (NASDAQ:SKYW), Southwest Airlines (NYSE:LUV).
    • Forward P-E ratios below 10-15: JetBlue (NASDAQ:JBLU), Alaska Air Group (NYSE:ALK), Spirit Airlines (NASDAQ:SAVE).
    • Forward P-E ratios +15: Allegiant Travel (NASDAQ:ALGT).
    • Related ETF: JETS.
    | 24 Comments
  • Fri, Jul. 31, 12:46 PM
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  • Fri, Jul. 31, 9:19 AM
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  • Thu, Jul. 30, 5:40 PM
    | 3 Comments
  • Thu, Jul. 30, 4:19 PM
    • SkyWest (NASDAQ:SKYW) churned up its highest level of Q2 operating income since 2008, despite a year-over-year drop in revenue.
    • The company's load factor improved 20 bps to 84.1% as capacity was tightened.
    • Fuel per available seat mile fell 50% to $0.003 to mark one of the most striking fuel benefits in the airline sector.
    • Previously: SkyWest beats by $0.35, beats on revenue (Jul. 30 2015)
    • SKYW +11.65% after hours to $15.62.
    | Comment!
  • Thu, Jul. 30, 4:05 PM
    • SkyWest (NASDAQ:SKYW): Q2 EPS of $0.61 beats by $0.35.
    • Revenue of $788.42M (-3.4% Y/Y) beats by $23.07M.
    • Shares +2.57%.
    • Press Release
    | Comment!
  • Fri, Jul. 17, 8:48 AM
    • Airline fares rose 2.0% Y/Y in June on a seasonally adjusted basis, according to the Bureau of Labor Statistics.
    • The average fare was 1.3% lower than the level from a year ago on an unadjusted basis.
    • The increase in fares for the month follows a 5.7% jump in May.
    • There's a bit of a balancing act with fares for airlines amid a DOJ probe on collusion. Though heavyweight industry execs are looking for fare stabilization and controlled capacity increases, they are very likely to keep a tight rein on their public comments. Most analysts don't think there is a smoking gun on collusion similar to the infamous taped conversations between Braniff and American execs in the 1980s.
    • Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
    • Related ETF: JETS.
    • BLS CPI data
    | 19 Comments
  • Wed, Jul. 1, 2:31 PM
    • A DOJ spokeswoman states the agency is probing potential "unlawful coordination" between some airlines. The AP states a document obtained by the news service indicates the DOJ is "investigating whether airlines are colluding to grow at a slower pace as part of an effort to keep airfares high." No word yet on which airlines are being probed.
    • Airline stocks have sold off in response. Decliners include United Continental (UAL -4.3%), American Airlines (AAL -4.1%), Southwest (LUV -4.5%), Delta (DAL -4.2%), Alaska Air (ALK -1.7%), Hawaiian Holdings (HA -4.8%), JetBlue (JBLU -5%), Spirit Airlines (SAVE -3.1%), SkyWest (SKYW -4.1%), and Virgin America (VA -1.9%).
    • The U.S. Global Jets ETF (NYSE:JETS) is down 2.8%.
    | 160 Comments
  • Sat, Jun. 20, 2:45 PM
    • Airlines stocks are poised for a breakout as the reality of improved profits overrides concerns on capacity growth, reasons Barron's Jack Hough.
    • The publication mirrors the view of many SA commenters that there's a disconnect between valuations in the sector and the degree to which lower jet fuel prices continue to prime operating earnings.
    • Take for example no-hedging American Airlines Group (NASDAQ:AAL) which is estimated to save $4B a year from the lower level of jet fuel prices. Other airlines are peeling off some hedges to reap a bigger fuel benefit each quarter.
    • Efficiency for U.S. airlines is still solid with a majority of airlines reporting load factors of 80% or higher, although increased competition in some markets has pushed key metric RASM lower. The most recent read on fares came in positive.
    • Also in the mix is the continued growth of service fees and consolidation benefits from mergers by legacy carriers.
    • P-E ratios of below 12 (based off of 2015 estimates) are common in the sector giving investors something of a value play. Republic Airways (NASDAQ:RJET) can be nabbed with a forward earnings multiple of 6.48. JetBlue (NASDAQ:JBLU) is up 27% YTD, but only trades with a 10.5 P-E collar.
    • Barron's identifies American Airlines Group, Delta Air Lines (NYSE:DAL), United Continental (NYSE:UAL), and Southwest Airlines (NYSE:LUV) as four stocks that could rise 15% to 50% over the next year. If the view on the sector is spot-on - JetBlue, Virgin America (NASDAQ:VA), Hawaiian Holdings (NASDAQ:HA), Spirit Airlines (NASDAQ:SAVE), Republic Airways, Allegiant Travel (NASDAQ:ALGT), SkyWest (NASDAQ:SKYW),  and Alaska Airlines Group (NYSE:ALK) should also put in gains.
    • Related ETFs: JETS
    | 37 Comments
  • Thu, Jun. 18, 9:06 AM
    • Airline fares rose 5.7% in May on a seasonally adjusted basis, according to the Bureau of Labor Statistics.
    • The average fare was still down 6.6% from last year on an unadjusted basis after the sector ran off a string of months with decreases.
    • Fares fell 1.3% in April and 1.7% in March.
    • If the bump in fares extends it could alleviate some concerns in the industry over capacity growth.
    • Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
    • BLS CPI data
    | 14 Comments
  • Wed, Jun. 17, 6:58 AM
    • SkyWest (NASDAQ:SKYW) reports revenue passenger miles fell 4.7% to 2.6048B in May.
    • Capacity was down 5.1% to 3.08256B available seat miles.
    • The company flew 10% fewer flights during the month through its two carriers.
    • May load factor +40 bps to 84.5%.
    • YTD load factor -40 bps to 81.6%.
    | Comment!
  • Wed, Jun. 10, 10:30 AM
    • The EPA says greenhouse gases from aircraft endanger human health, a finding that begins a process to regulate greenhouse gas emissions from the aviation industry, the latest sector to be regulated under the Clean Air Act after cars, trucks and power plants.
    • The endangerment finding allows the EPA to implement domestically a global carbon dioxide emissions standard being developed by the International Civil Aviation Organization; the airline industry favors a global standard over individual national standards since airlines operate all over the world and want to avoid a patchwork of rules and measures.
    • GEVO, which has been working on renewable fuels for airplanes, is +3.5% today and +27% so far this month in anticipation of the EPA findings.
    • Also higher are REGI +2%, SZYM +2.5%, AMRS +2%.
    • Potential related stocks: AAL, UAL, SAVE, DAL, ALK, HA, SKYW, LUV, JBLU, VA
    | 19 Comments
  • Tue, Jun. 9, 10:58 AM
    • The jittery airline sector is having a volatile day once again.
    • Capacity concerns have been the major focus of sellers, although the strong move higher of oil prices today is also in the background.
    • American Airlines Group reported a drop in its load factor earlier as capacity growth came in ahead of revenue passenger miles.
    • Though Raymond James issued a biting downgrade on American, United Continental, and Delta yesterday - some analysts such as Sterne Agee CRT's Michael Derchin think the pessimism is overdone.
    • Q2 conference calls could calm fears on capacity running hot, reasons the analyst.
    • A higher level of buybacks in the sector and reasonable valuations based on earnings projections are also factors.
    • Sector watch: Alaska Air Group (ALK -6.4%), Southwest Airlines (LUV -5.8%), SkyWest (SKYW -3.4%), Hawaiian Holdings (HA -4.7%), Spirit Airline (SAVE -4.4%), Delta Air Lines (DAL -3.7%), Allegiant Travel (ALGT -3.6%), Republic Airways (RJET -2.9%), Virgin America (VA -2.6%), United Continental (UAL -1.8%), American Airlines Group (AAL -2%), JetBlue (JBLU -1.9%).
    • The U.S. Global Jets ETF (NYSE:JETS) is down 2.96% on the day.
    • Previously: American Airlines Group's capacity up 2% in May
    | 19 Comments
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Company Description
SkyWest Inc, through its subsidiaries offers scheduled passenger service to destinations in the United States, Canada, Mexico and the Caribbean.
Sector: Services
Country: United States