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SkyWest Inc. (NASDAQ:SKYW), the regional airline operator with a market capitalization of $4.08 billion and an impressive 66% stock return over the past year, has reported that Greg Wooley, the company’s Executive Vice President of Operations, executed a series of stock transactions on February 18, 2025. Wooley sold a total of 14,545 shares of SkyWest common stock, generating approximately $1.54 million. The sales occurred at prices ranging from $104.2801 to $109.6428 per share.
Following these transactions, Wooley retains ownership of 68,737 shares of the company. These sales were disclosed in a Form 4 filing with the Securities and Exchange Commission, highlighting Wooley’s ongoing financial activities within the company.
In other recent news, SkyWest Inc. reported robust financial results for the fourth quarter of 2024, exceeding analyst expectations. The company achieved an earnings per share (EPS) of $2.34, surpassing the forecasted $1.80, and reported revenue of $944 million, exceeding the forecast of $907.54 million. This marks a 26% increase in revenue year-over-year. SkyWest also reduced its debt to $270 million, the lowest in over a decade. The company announced a contract extension with American Airlines (NASDAQ:AAL), allowing for a total of 74 CRJ700s under agreement. Analysts from firms like Raymond (NSE:RYMD) James and Deutsche Bank (ETR:DBKGn) have been attentive to SkyWest’s strategic moves and partnerships. The company plans to invest approximately $600 million in capital expenditures in 2025, with projections for a 12% increase in block hours. SkyWest’s management expressed optimism about future growth, citing strong demand and strategic fleet utilization.
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