SkyWest Inc. (SKYW) reported second quarter net income of $0.33 per share Wednesday morning, up from $0.03 per share last year. The consensus estimate was for EPS of $0.14.
SkyWest gapped up sharply Wednesday and climbed in early trade, before settling into a narrow range. The stock closed up by 1.48 at $8.17 on the highest volume of the year. SkyWest rose to over a 2 1/2 month high and re-crossed its 50-day moving average.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.