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SkyWest Inc.’s (NASDAQ:SKYW) Chief Financial Officer, Robert J. Simmons, reported selling a significant portion of the company’s common stock, according to a recent SEC filing. The $4.1 billion market cap regional airline operator, which has demonstrated strong financial health according to InvestingPro metrics, currently trades at an attractive P/E ratio of 11.2x. The transactions, which took place on June 3, involved the sale of 16,255 shares at a weighted average price of $103.7373, and an additional 745 shares at an average price of $104.1277. These sales amounted to a total of $1,763,824, with prices ranging from $103.09 to $104.19 per share. The stock, currently trading near $100.84, sits between its 52-week range of $64.61 to $135.57.
Following these transactions, Simmons now holds 131,203 shares of SkyWest common stock. The sales were executed directly by Simmons and were not part of an equity swap. With analysts maintaining a bullish outlook and multiple positive indicators, discover more insights about SKYW’s potential through InvestingPro’s comprehensive analysis and exclusive ProTips.
In other recent news, SkyWest Inc. reported impressive financial results for the first quarter of 2025, surpassing analysts’ expectations for both earnings per share (EPS) and revenue. The company announced an EPS of $2.42, exceeding the projected $2.06, while revenue reached $948 million, slightly above the anticipated $947.06 million. Additionally, SkyWest’s board has authorized an increase in its share repurchase program by $250 million, bringing the total available repurchase amount to approximately $272 million. This decision aligns with the company’s strategy to manage capital and return value to shareholders. Furthermore, SkyWest received tentative approval from the Department of Transportation for its charter service, marking a potential expansion in its service offerings. The company is also expanding its fleet with new aircraft orders, continuing its partnerships with major airlines such as United, American, and Delta. As part of its financial strategy, SkyWest repaid $114 million in debt during the quarter and maintained a strong cash position of $751 million. These developments reflect SkyWest’s robust performance and strategic initiatives aimed at strengthening its market position.
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