SkyWest Q4 2019 Earnings Report
Key Takeaways
SkyWest reported a net income of $73 million, or $1.43 per diluted share, for Q4 2019, compared to a net income of $67 million, or $1.28 per diluted share, for Q4 2018. Revenue was $744 million in Q4 2019, down from $803 million in Q4 2018.
Net income for Q4 2019 was $73 million, or $1.43 per diluted share.
Revenue for Q4 2019 was $744 million.
Operating expenses for Q4 2019 were $618 million.
SkyWest added ten new E175 aircraft and seven new CRJ900 aircraft since Q4 2018.
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Forward Guidance
2020 represents the start of the next phase of our fleet transition as we increase new E175 aircraft and invest in our older CRJ fleet, driven by strong demand for both aircraft types. We expect this will make 2020 a pivot year to position us for a new trajectory in 2021 and 2022.