SKYW moving up nicely last several sessions.
Before Rjets issues started affecting its share price, SKYW and RJET used to almost trade the same, any problems with RJET would result in a drop in PPS at SKYW, with no reason. SKYW has always been profitable except for the express jet side of the operation, even then the Skywest side maintained profitability. It makes me wonder if these "analysts" know or understand the business model? I was listening to a conference call last year when an analyst was asking questions regarding the parking of 50 seat airplanes on the express jet side of the house and the resulting loss of revenue. The analyst was concerned about losing 1 billion in revenue from parking those airplanes if profitable flying was not found, that would save the nearly $29 million it costs to keep them around, which coincidentally is what Skywest was losing on the express jet side of the house. All he heard was losing $1 billion in revenue.
There is a reason SKYW was named one of the least transparent companies in America, it's not necessarily a bad thing, management just has a quiet strategy.
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