SkyWest Inc (NASDAQ:SKYW) shares are trading lower by 2.4% to $81.73 during Thursday’s session. Shares of airline stocks are trading lower in sympathy with Delta Air Lines, Inc. (NYSE:DAL), which fell after reporting mixed second-quarter earnings.
SkyWest operates a substantial number of regional flights for Delta, using aircraft branded with Delta's livery. These flights are typically shorter routes that feed into Delta's larger network, allowing Delta to serve smaller markets efficiently.
When Delta's stock falls due to mixed earnings, broader industry challenges or operational issues, investors might anticipate that these issues will trickle down to its regional partners like SkyWest. This perceived risk can lead to a decline ...
SKYW) Stock Is Falling>Full story available on Benzinga.com