U.S regional airline operator SkyWest, Inc. (SKYW) reported first-quarter net income of $3.2 million, or $0.06 per share, compared with a loss of $0.7 million, or $0.01 per share, for the same period last year. On average, 5 analysts polled by Thomson Reuters expected earnings per share of $0.02 for the quarter. Analysts' estimates typically exclude one-time items. Operating revenues dropped to $803.5 million, from $921.2 million a year ago, down by 12.8%, mainly due to the reduction of $128.2 million of fuel and certain engine overhaul amounts which are directly reimbursed by major partners and recorded as operating revenues. Analysts estimated revenues of $824.20 million for the quarter.
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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.