SkyWest Q2 Profit Falls On Higher Fuel Costs; Expands Share Buyback By $250 Mln

SkyWest reported Q2 profit declined as higher fuel costs in its prorate business offset revenue growth. The company expanded its share repurchase program by $250 million, partially cushioning shareholder impact. Overall, the earnings pressure from fuel is the near-term negative driver for the stock.

Analysis

SkyWest reported Q2 profit declined as higher fuel costs in its prorate business offset revenue growth. The company expanded its share repurchase program by $250 million, partially cushioning shareholder impact. Overall, the earnings pressure from fuel is the near-term negative driver for the stock.