SkyWest traded at $81.25 this Friday May 15th, decreasing $2.45 or 2.93 percent since the previous trading session. Looking back, over the last four weeks, SkyWest lost 14.28 percent. Over the last 12 months, its price fell by 20.86 percent. Looking ahead, we forecast SkyWest to be priced at 86.40 by the end of this quarter and at 81.15 in one year, according to Trading Economics global macro models projections and analysts expectations.
SkyWest, Inc., through its subsidiary, SkyWest Airlines, Inc. (SkyWest Airlines) operates regional airline operations in the United States. The Company's segments include SkyWest Airlines and SkyWest Leasing. The SkyWest Airlines segment includes revenue earned under the applicable capacity purchase agreements attributed to operating such aircraft and the respective operating costs. The SkyWest Leasing segment includes applicable revenue earned under the applicable capacity purchase agreements attributed to the ownership of new aircraft acquired through the issuance of debt and the respective depreciation and interest expense of such aircraft. It offers scheduled passenger service with approximately 2,260 total daily departures to destinations in the United States, Canada, Mexico and the Caribbean. The Company’s flights are operated as Delta Connection, United Express, American Eagle or Alaska Airlines flights.