SkyWest, Inc. Provides Earnings Guidance for the Second Half and Full Year of 2020
January 30, 2020 at 09:30 pm
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SkyWest, Inc. provided earnings guidance for the year 2020. The company now expect an extra $15 million in maintenance cost in the first half of 2020, along with $7 million of transition costs, which leads the company to expect full year 2020 earnings to be flat to slightly up from 2019. The company would expect earnings per share in each quarter of the first half of 2020 to be slightly down from first half of 2019 due to the investment in the CRJ fleet referenced earlier.
The company would expect earnings per share growth in the second half of 2020 with the second half up nicely over both the first half of 2020 and the second half of 2019.
SkyWest, Inc. is the holding company for SkyWest Airlines, Inc. (SkyWest Airlines) and SkyWest Leasing, Inc. (SkyWest Leasing), an aircraft leasing company. The Company operates through two segments: SkyWest Airlines and SWC, and SkyWest Leasing. SkyWest Airlines offers scheduled passenger service to destinations in the United States, Canada and Mexico. The Company's flights are operated as United Express, Delta Connection, American Eagle or Alaska Airlines flights under code-share agreements with United Airlines, Inc., Delta Air Lines, Inc., American Airlines, Inc. or Alaska Airlines, Inc., respectively. SkyWest Airlines has a fleet of approximately 500 aircraft. SkyWest Charter, LLC (SWC) offers on-demand charter service using CRJ200 aircraft in a 30-seat configuration. SkyWest Leasing finances new aircraft with debt under its capacity purchase agreements, consisting of its E175 aircraft. SkyWest Leasing is also engaged in leasing aircraft and engines to third parties.
SKYWEST, INC. 
