Loading...
•
Dec 31, 2020
SkyWest Q4 2020 Earnings Report
Reported a net loss due to reduced flight schedules and lower demand resulting from the COVID-19 pandemic.
Key Takeaways
SkyWest reported a net loss of $46 million, or $0.93 loss per share, for Q4 2020, compared to net income of $73 million, or $1.43 per diluted share, for Q4 2019. Revenue was $590 million, down 21% from Q4 2019.
Net loss of $46 million, or $0.93 loss per share, compared to net income of $73 million, or $1.43 per diluted share, for Q4 2019.
Revenue was $590 million, down 21% from Q4 2019.
Operating expenses were $617 million, relatively flat from $618 million in Q4 2019.
Cash and marketable securities at December 31, 2020, was $826 million, up from $520 million at December 31, 2019.
SkyWest
SkyWest
Forward Guidance
SkyWest is coordinating with its major airline partners to optimize the timing of upcoming fleet deliveries under previously announced deals in response to COVID-19 schedule reductions.