SkyWest reports fourth quarter and annual 2021 profit

SkyWest has repprted net income of $4 million, or $0.09 per diluted share, for the fourth quarter of 2021, compared to a net loss of $46 million, or $0.93 loss per share, for the prior-year quarter. SkyWest also reported net income of $112 million, or $2.20 per diluted share, for the 2021 year, compared to a net loss of $9 million, or $0.17 loss per share, for 2020. Adjusted net income in 2021 was $176 million, or $3.46 per diluted share. SkyWest’s financial results improved from 2020 due to the flying demand recovery from COVID-19. Commenting on the results, Chip