SkyWest Inc. Revises Earnings Guidance for the Fourth Quarter Ended December 31, 2011
January 25, 2012 at 11:45 am
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SkyWest Inc. revised earnings guidance for the fourth quarter ended December 31, 2011. The company expects its financial results for the quarter ended December 31, 2011, to be lower than previously anticipated. Due primarily to the reasons outlined below, SkyWest currently estimates that its financial results for the fourth quarter of 2011 will reflect a net loss between $17.0 million and $18.5 million, resulting in a basic and fully-diluted loss per share between $0.34 and $0.37 per share.
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. 
