SkyWest Q2 net income $62M ($1.22 EPS) vs loss; adds new fleet deals with Alaska and American

SKYWEST INC

2021-Q2 EPS reported $1.93 revenue$1,191,545,000

Net income of $62M ($1.22 diluted EPS) vs net loss of $26M in Q2 2020; revenue $657M, up 88% YoY.
Agreed with Alaska Airlines for nine E175 aircraft; one added today beyond previously announced eight.
Agreed with American Airlines for eleven additional used CRJ700s, bringing total under agreement to 101 by mid-2023.
Repaid $60M secured loan with Treasury; cash and securities $956M at June 30, 2021.
Operating expenses $542M, up 53% YoY, including $114M in payroll support grants as reduction.

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