SkyWest Slips To Loss In Q4 - Quick Facts

(RTTNews) - SkyWest, Inc. (SKYW) reported net loss for the fourth quarter of $27.87 million or $0.54 per share, compared with net earnings of $8.61 million or $0.17 per share in the same period last year.

The latest quarter's results include special item expenses of $43.6 million after-tax due to the accelerated retirement of SkyWest's EMB-120 turboprop aircraft and a code-share agreement modification that shortened the contract term for ExpressJet's operation of the ERJ145 aircraft type.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.13 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues for the quarter rose to $813.86 million from $804.37 million a year ago. Analysts expected revenues of $768.46 million for the quarter.