SkyWest reports a second quarter profit of $1.6 million

SkyWest, Inc. (St. George) today reported operating revenues of $933.7 million for the quarter ended June 30, 2011, compared to $649.8 million for the same period last year. SkyWest also reported net income of $1.6 million, or $0.03 per diluted share, for the quarter ended June 30, 2011, compared to $18.7 million of net income, or $0.33 per diluted share, for the same period last year.

On November 12, 2010, SkyWest completed the acquisition of ExpressJet Holdings, Inc. (Houston) and ExpressJet became a subsidiary of Atlantic Southeast Airlines, Inc. (Atlanta) that is owned by SkyWest. The acquisition included 244 regional jet aircraft and SkyWest’s consolidated operations and financial results for the quarter ended June 30, 2011 include significant increases related to revenues, expenses and statistical data compared to the quarter ended June 30, 2010.

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