Skywest Inc (SKYW) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 31, 2018

Earnings Press Release
10-Q Quarterly Report
10-Q QoQ Changes
Skywest Inc
Ticker: SKYW CIK: 793733

Exhibit 99.1

NEWS RELEASE

CONTACT:	Investor Relations	Corporate Communications
	435.634.3200	435.634.3553
	Investor.relations@skywest.com	corporate.communications@skywest.com

SkyWest, Inc. Announces First Quarter 2018 Profit

First Quarter Highlights:

· Net income of $54 million, or $1.03 per diluted share, up 56% from $35 million or $0.65 per diluted share in Q1 2017

· Pre-tax income of $67 million, up 28% from $52 million in Q1 2017

· Revenue of $783 million, up 5% from $747 million in Q1 2017 on improving fleet mix

ST. GEORGE, UTAH, April 26, 2018 — SkyWest, Inc. (NASDAQ: SKYW) (“SkyWest”) today reported financial and operating results for Q1 2018, including net income of $54 million, or $1.03 per diluted share, compared to net income of $35 million, or $0.65 per diluted share for Q1 2017.

The improvement in Q1 2018 pre-tax income from Q1 2017 was primarily due to SkyWest’s ongoing fleet transition. Since Q1 2017 19 new E175 aircraft have been added and 46 CRJ and ERJ 50-seat aircraft and 25 CRJ700/CRJ900 aircraft have been removed.

Commenting on the results, Chip Childs, Chief Executive Officer and President of SkyWest, said “Demand for our product remains strong, and I’m proud of our professionals who continue to provide best-in-class operations to our customers. Our financial results reflect continued solid operating performance combined with the ongoing improvements in our fleet mix. We remain disciplined in our approach to risk and flying commitments and focused on executing a strategy to improve our overall model.”

The following information was filed by Skywest Inc (SKYW) on Thursday, April 26, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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