Shares of SkyWest Inc (NASDAQ: SKYW), engaged in operating regional airlines in the U.S., recorded over a 10.0% gain during each of the past two consecutive trading sessions with significant number of shares exchanging hands. SKYW was among the top performers in the U.S. consumer goods & services sector after gaining 10.3% and closed at $11.52 Friday, while recording significant trading volumes of 1.1 million shares. Recently, the company announced its financial and operating results for Q3’14 ended September 30, 2014, where in it reported net income of $41.3 million or $0.79 per diluted share compared to net income of $26.4 million, or $0.50 per diluted share, for the same period last year and operating income has increased by $2.9 million from the same period last year. During the past 5-trading sessions, SKYW gained 29.4% with daily average trading volumes of 704,740 shares, while the stock accumulated 48.6% gain during the past one month with daily average trading volumes of 519,887 shares.
Company Description:
SkyWest, Inc. (NASDAQ: SKYW) operates regional airlines that offer scheduled passenger service to destinations in the United States, Canada, Mexico and the Caribbean.
1-Year Stock Chart:
Source: Bloomberg
