- SkyWest posted a GAAP profit for the first nine months of 2020, despite the severe impact of the COVID-19 pandemic.
- The recently-passed federal stimulus bill should enable SkyWest to continue posting GAAP profits and positive cash flow through the end of Q1.
- Domestic air travel demand will likely recover in a meaningful way beginning this spring, as the vaccine rollout starts to tame the pandemic.
- SkyWest's earnings could hit a new high by 2023, thanks to its growing fleet of high-margin dual-class regional jets (particularly the E175) and lower competition in the regional airline industry.
For further details see:
SkyWest: A Profitable Airline Poised To Hit New Highs