Thursday, February 16, 2012

SkyWest posts surprise loss of $18 million in fourth quarter

SkyWest Inc. on Thursday posted a large fourth-quarter loss caused by higher maintenance costs and losses from two international airlines that it owns in part.

The St. George-based airline lost $18 million, or 35 cents per share. In contrast, SkyWest earned $37.2 million, or 67 cents per share in the fourth quarter of 2010. Salt Lake Tribune