SkyWestNASDAQ: SKYW

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SKYW's third-quarter 2024 revenues benefit from flying contract rate increases and higher production.

There are multiple positives from SkyWest's Q3 2024 earnings report. SkyWest's valuation remains attractive as compared to the broader market. SkyWest's has been making strong margin gains as it returns to pre-pandemic production levels.

SkyWest stock has doubled over the past twelve months. The company has a beneficial cost set up that largely shields it from fluctuations in fuel prices. The company should be able to fly the full contracted capacity by mid to end 2025.

SkyWest, Inc. (NASDAQ:SKYW ) Q3 2024 Earnings Conference Call October 31, 2024 4:30 PM ET Company Participants Rob Simmons - Chief Financial Officer Eric Woodward - Chief Accounting Officer Chip Childs - President and Chief Executive Officer Wade Steel - Chief Commercial Officer Conference Call Participants Mike Linenberg - Deutsche Bank Savi Syth - Raymond James Tom Fitzgerald - TD Cowen Operator Hello and welcome to the SkyWest Incorporated Third Quarter 2024 Results Call. [Operator Instructions] As a reminder, this conference is being recorded.

SkyWest (SKYW) came out with quarterly earnings of $2.16 per share, beating the Zacks Consensus Estimate of $1.92 per share. This compares to earnings of $0.55 per share a year ago.

Passenger volumes in the third quarter of 2024 are likely to have been upbeat at SKYW.

SkyWest (SKYW) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

The latest trading day saw SkyWest (SKYW) settling at $95.58, representing a -0.22% change from its previous close.