New insider activity at SkyWest ( (SKYW) ) has taken place on February 21, 2025.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Greg Wooley, the Executive Vice President of Operations at SkyWest, has recently sold 14,545 shares of the company’s stock. This transaction was valued at $1,537,871.
Recent Updates on SKYW stock
SkyWest Inc. has experienced significant developments, primarily highlighted by its recent Q4 earnings call, showcasing strong financial performance. The company reported a net income of $97 million for the quarter and $323 million for the year, attributed to strategic expansions and enhanced pilot staffing. SkyWest also announced a 12% anticipated increase in block hour production for 2025, aiming to reach pre-COVID utilization levels. The extension of a contract with American Airlines and fleet expansion plans further underscore its growth strategy. Despite facing challenges such as a tragic aviation incident and maintenance issues, the company maintains a robust outlook with significant debt reduction and cash flow generation. Analysts have reacted positively, with Raymond James raising the price target for SkyWest, citing a beat and raise in earnings, easing pilot supply constraints, and improved utilization, which are expected to drive significant earnings recovery.
More about SkyWest
YTD Price Performance: -0.14%
Average Trading Volume: 375,450
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.2B