The expanded contracts mean SkyWest has a lot more stable outlook on revenue over the next few years. This includes the $114 million the carrier received in payroll support from the US government. In the second quarter, the carrier recorded a profit of $62 million on total operating revenues of $657 million. Based on what we're seeing today, we expect demand for our product will continue to increase currently-and currently anticipate reaching pre-pandemic levels by early 2022."ĭomestic demand is coming back strong, and that is primarily where SkyWest flies for major US airlines. "Our strong balance sheet and cash position remain key differentiators for SkyWest. Chip Childs, President and CEO at SkyWest, stated the following on the carrier's second-quarter earnings call:
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