SkyWest Airlines hails ‘significant quarter’ in latest results

SkyWest Airlines has reported an increase in its net income for its current financial year, in part thanks to its ongoing fleet transition, with the airline adding 43 new aircraft since Q1 2018, as well as reduced aircraft ownership costs resulting from early lease buyouts executed in early 2019. Net income for the quarter came in at $88 million, compared to net income of $54 million for Q1 2018. The group’s adjusted net income was $69 million, up 27% from the corresponding period in 2018. Revenue for the quarter was down though from $783 million in Q1 2018 to $724