sweptback
Guess that wasn't solid
- Joined
- Sep 18, 2003
- Posts
- 1,876
PHILADELPHIA, Jan 15 (Reuters) - SkyWest Inc. (SKYW.O: Quote, Profile , Research), which operates regional air service for United Airlines and Delta Air Lines, said on Monday its fourth-quarter profits would be dampened by airport closures, as well as training and maintenance costs.
The company expects its fourth quarter net income to be in the range of $28.5 million, or 44 cents a share, to $32.3 million, or 50 cents a share.
The results were hurt by bad weather, which caused Denver International Airport to close for two days in December and other flights to be canceled.
Also, SkyWest said it faced costs to train its pilots in preparation of flying additional planes for Midwest Airlines and Delta Air Lines. It also incurred maintenance charges for aircraft that were transitioned between Atlantic Southeast Airlines and SkyWest.
SkyWest said it would release its fourth-quarter results on February 7.
I sure hope the shareholders grill SkyWest management as to why they felt the need to incur additional charges to transfer aircraft away from ASA to do the exact same job on the other side of the operation.
The company expects its fourth quarter net income to be in the range of $28.5 million, or 44 cents a share, to $32.3 million, or 50 cents a share.
The results were hurt by bad weather, which caused Denver International Airport to close for two days in December and other flights to be canceled.
Also, SkyWest said it faced costs to train its pilots in preparation of flying additional planes for Midwest Airlines and Delta Air Lines. It also incurred maintenance charges for aircraft that were transitioned between Atlantic Southeast Airlines and SkyWest.
SkyWest said it would release its fourth-quarter results on February 7.
I sure hope the shareholders grill SkyWest management as to why they felt the need to incur additional charges to transfer aircraft away from ASA to do the exact same job on the other side of the operation.