SkyWest reports rise in net income

ST. GEORGE — SkyWest Inc. on Thursday reported net income of $15 million, or 26 cents per share, for the quarter ended March 31. That compares with $9.4 million, or 16 cents per share, for the same period a year earlier.

The earnings fell short of the consensus Wall Street analyst expectation for the company, which was 34 cents per share for the most recent quarter.

Operating revenues totaled $632.2 million, down from $672.6 million a year earlier.

SkyWest Airlines, based in St. George, and ASA, based in Atlanta, are wholly owned subsidiaries of SkyWest Inc. They serve 226 cities in the United States, Canada, Mexico and the Caribbean with approximately 2,600 daily flights.

SkyWest Inc. stock fell 81 cents Thursday to close at $13.53. During the past year, the price has ranged from $9.57 to $18.56.