JBLU - SkyWest stock dives on downgrade ahead of earnings

SkyWest, Inc. (NASDAQ:SKYW -5.7%) shares are slumping as analysts rein in expectations for the regional carrier. Shortly head of its expected April 28 earnings release, SkyWest (SKYW) stock has slid precipitously, marking an over 14% decline in just one week. The downside move has dovetailed with share price declines across the airline industry as optimism built up by Delta Air Lines (DAL), American Airlines (AAL), and United Airlines (UAL) was eroded by labor impacts and capacity cuts spotlighted by the likes of JetBlue Airways (JBLU) and Hawaiian Holdings (HA).  According to a downgrade note from Raymond James analyst Savanthi Syth, it is precisely these concerns on staffing and schedules that should temper expectations for Thursday’s earnings release. “The current pilot supply situation is clearly testing the limits of the model,” he wrote. “While we believe SkyWest has the balance sheet to sustain into the recovery and has the opportunity to

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SkyWest stock dives on downgrade ahead of earnings