SKYWEST REPORTS NET LOSS FOR THE FIRST QUARTER

SkyWest, the Utah-based parent of regionals SkyWest Airlines, Atlantic Southeast Airlines and ExpressJet, has reported a first-quarter net loss of $11.1 million. This is the first time the airline group has posted a net loss. Although this was well down on the same period last year, where the airline group posted a $15 million profit, it was better than SkyWest’s predictions. Bradford Rich, executive vice president and CFO said that the gloomy results were a direct result of the severe winter storms early in the year which meant the airlines flew significantly less. Revenues for the first quarter was up