SkyWest beats by $0.17, beats on revs
- Reports Q1 (Mar) earnings of $1.03 per share, $0.17 better thanthe Capital IQ Consensus of $0.86; revenues rose 4.8% year/year to $783.4 mln vs the $767.41 mln Capital IQ Consensus.
- The improvement in Q1 2018 pre-tax income from Q1 2017 was primarily due to SkyWest's ongoing fleet transition.
- The increase in revenue included the net impact of adding new E175 aircraft and improvement in the economics of SkyWest's fleet mix since Q1 2017, partially offset by the removal of unprofitable or less profitable aircraft over the same period.
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