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Hopefully that new airport in St. George will be built sooner rather than later.

Net income increases at SkyWest

Deseret Morning News

ST. GEORGE — Regional airline SkyWest Inc. on Monday reported higher year-over-year net income on a 59 percent increase in operating revenues.
The company said net income totaled $40.7 million, or 63 cents per share, for the quarter ended Sept. 30. That compares with $30.1 million, or 51 cents per share, for the same quarter in 2005.
The earnings per share in the most recent quarter matched the consensus expectation of Wall Street analysts.
Operating revenues were $791.8 million, up from $497.3 million a year earlier.
For the first nine months of the year, SkyWest reported net income of $114.6 million, or $1.82 per share, on operating revenues of $2.33 billion. That compares with $73.6 million, or $1.26 per share, on operating revenues of $1.22 billion for the first nine months of 2005.
Contributing to the financials was the company's acquisition of Atlantic Southeast Airlines Inc., which was completed Sept. 7, 2005. ASA is now a wholly owned subsidiary.
At the end of the quarter, SkyWest had 333 regional jets and 74 other aircraft. It had $595 million in cash and marketable securities. Its long-term debt increased to $1.51 billion, compared with $1.42 billion at the end of 2005.
SkyWest Airlines, based in St. George, operates as United Express and Delta Connection carriers. Atlanta-based ASA operates as a Delta Connection carrier. Together, they serve 229 cities in the United States, Canada, Mexico and the Caribbean with 2,441 daily departures.
SkyWest Inc. stock rose 79 cents, or 3 percent, Monday to close at $26.90 per share. During the past year, the price has ranged from $20.88 to $34.09.