ST. GEORGE, Utah (AP) — SkyWest Inc. (SKYW) on Thursday reported a second-quarter loss of $25.7 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the St. George, Utah-based company said it had a loss of 51 cents.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The regional airline posted revenue of $350 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $352.4 million.
SkyWest shares have fallen 56% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $28.39, a fall of 54% in the last 12 months.