Latest news with #SkyWest
San Francisco Chronicle
3 days ago
- General
- San Francisco Chronicle
United jet turns wrong way after takeoff at SFO, nearly collides with SkyWest plane
Two commercial jets departing San Francisco International Airport on parallel runways came unusually close to colliding this month, prompting a federal investigation into the incident. The incident occurred on May 13, when United Airlines Flight UA1152, an Airbus A320 bound for Dallas, lifted off from Runway 1R and was cleared to turn right. Moments later, SkyWest Flight 5273, a CRJ-200 headed for Fresno, departed from Runway 1L under instructions to turn left, according to audio recordings from the air traffic control tower. Shortly after takeoff, however, the United jet veered left — directly into the SkyWest aircraft's path. At their closest, the two planes were just over a mile apart horizontally and 280 feet apart vertically, according to the airline news site One Mile at a Time, which first reported the incident. A traffic-alert warning then prompted the SkyWest crew to execute an evasive maneuver, narrowly averting a collision. In a subsequent debriefing, the United captain said the first officer — making his first departure from SFO — followed the flight-management system's guidance, which incorrectly indicated a left turn. By the time the captain intervened and selected a new heading, the aircraft was already perilously close. Adding to the confusion, the controller twice instructed 'fly runway heading' when he meant 'fly present heading,' according to the recordings. At the time, the controller was juggling multiple flights, including a Turkish Airlines jet awaiting landing clearance. Both flights continued to their destinations safely. The Federal Aviation Administration has opened an investigation into the incident, and a United spokesperson confirmed the airline was reviewing the events in detail.
Yahoo
27-05-2025
- Climate
- Yahoo
Ground stop ordered at DIA; over 1K flights delayed during Memorial Day weekend
DENVER (KDVR) — The Denver International Airport was under a ground stop and ground delay as of 3:45 p.m. on Memorial Day as thunderstorms once again passed over Colorado. This marks the third day in a row that DIA has had hundreds of flight delays due to thunderstorms. The Federal Aviation Administration issued the ground stop from 3:17 p.m. through 4:45 p.m. on Monday, and also issued a ground delay from 4 p.m. through 11:30 p.m. on Monday. Southwest flight lands safely at DIA after reportedly being struck by lightning Ground stops relate to flights departing DIA. Ground delays relate to flights arriving at DIA. According to the FAA advisory, the ground delay was creating an average delay of 189 minutes for each flight out of DIA, or about 3.2 hours. The FAA advisory for DIA's ground stop had been lifted as of 5:50 p.m. The ground stop and ground delay were causing havoc on flight schedules. As of 5:50 p.m., flight tracking software FlightAware was reporting that over 1,080 flights at DIA had been delayed, with 17 flights cancelled. Most of the flight delays were supposed to be arriving at DIA. The airlines with the highest number of delayed flights on Monday, May 26, were United, with 345 delayed flights; Southwest, with 325 delayed flights; and SkyWest, with 228 delayed flights. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
22-05-2025
- Business
- Yahoo
Johnstown airport backing SkyWest's return, even with strong interest in contract
JOHNSTOWN, Pa. – A line of carriers, including air giant American Airlines, made bids for the John Murtha Johnstown-Cambria County Airport's next Essential Air Service contract. But airport officials want to stick with the United Express carrier that lifted their service to new heights over the past three years. In a vote Tuesday, the airport authority voted to send the U.S. Department of Transportation its formal recommendation that SkyWest's United service to Chicago O'Hare International and Washington-Dulles continue through fall 2029. 'No-brainer' Just five years ago, SkyWest was the only airline bidding to provide jet service from Johnstown – and for more than 20 years prior, the airport only attracted bidders with eight-seat propeller aircraft. This spring's round of bids attracted offers from American, Air Wisconsin – which has historically flown under the American Eagle moniker – and SkyWest, which provides regional service under the United Express banner. But even an offer from Texas- based American wasn't able to sway the authority from SkyWest. American and Air Wisconsin were also proposing flights on 50-seat jets and the same number of weekly EAS flights. 'Years ago, we would have taken any one of those jet proposals,' member Mike Parrish told airport authority colleagues, reflecting on how far the airport's success has come. 'But SkyWest remains the hands-down No. 1 choice,' Parrish said. 'It was a no-brainer.' Not only are SkyWest's Chicago and Washington destinations a major draw but the carrier also provides two extra weekly flights to Johnstown without subsidy. The United Express carrier's reliability and reputation has won over passengers year after year, with its 2025 totals through four months setting the airport up for a third straight year of record-breaking numbers. From Jan. 1 through April 30, a total of 11,413 people flew to or from Johnstown, figures show. 'SkyWest has been an amazing partner,' authority Chairman Tim McIlwain said, crediting the company's consistency and ongoing willingness to work with the authority. 'The community has embraced their jet service.' In Johnstown, SkyWest has also worked with the authority to modify flight schedules to cut down on O'Hare-originated delays. They've also been a partner in ongoing aviation-related economic development projects – including efforts that could bring additional SkyWest aircraft to Johnstown for overnight repairs, the authority wrote in its letter to the U.S. DOT. SkyWest's average subsidy request averages $5.9 million over the four-year span, making it the lowest qualified bidder, the board wrote. That's an important factor at a time the Trump administration has proposed reducing the Essential Air Service budget for 2026. Future funding Airport Manager Cory Cree said airport officials are confident it won't prevent them from receiving a new EAS contract for November. Trump's administration, which earlier this year expressed support for the EAS program, proposed a 50% cut to the $590 million annual U.S. program in early May. The program is funded by 'overflight fees' collected from international carriers who use U.S. air space but don't land locally. Airline officials across the U.S. are monitoring whether any EAS funds are cut – and how the program could be amended in the future. The Essential Air Service program, founded to provide air service to rural areas, has been a target of Project 2025, but it's historically had bipartisan support among the Congress and Senate in Washington, D.C. Among the more than 170 Essential Air Service communities across the U.S., 86% are in rural districts served by Republicans as of 2024. The Trump budget itself is still in the early committee phase, navigating scrutiny from members of both parties. Cree said Tuesday that Johnstown airport staff have spoken with all three of the region's federal lawmakers – U.S. Rep, John Joyce and U.S. Sens. Dave McCormick and John Fetterman – about their ongoing efforts to expand airport development and air travel in Cambria County. All three, he said, expressed support for their development efforts and 'understand the importance of EAS to our community.' Joyce, R-Blair, has two Essential Air Service airports in his district and has backed airport efforts in recent years. Varied proposals Skywest was one of several carriers who pitched continuing flights to Washington-Dulles or Chicago, proposals show. Air Wisconsin submitted offers for either 12 Chicago O'Hare International flights per week or a combination of O'Hare and Philadelphia International – at a nearly identical average subsidy request. Airport officials cited concerns about the carrier's limited baggage connection agreements, noting that travelers flying a combination of U.S. airlines would have to recheck bags before boarding Delta or United flights. That's not the case with SkyWest, which has agreements with United, Delta, American and Alaska Airlines. American Airlines offered service to Philadelphia at an average annual contract price of $6.1 million. It also proposed flights to a combination of Philadelphia and Charlotte Douglas International for a $7.2 million average annual subsidy – a cost $1.3 million a year above SkyWest's proposal, the board wrote in its recommendation letter. A onetime Johnstown carrier, Southern Airways, also submitted a proposal to offer flights to Pittsburgh International and Dulles airports. Commuter airline Southern Airways Express offers flights on eight-seat propeller aircraft. The airline served Johnstown nearly a decade ago before the airport chose a different carrier, citing poor reliability and low passenger numbers. In its letter, authority officials said they viewed the Southern proposal as 'unacceptable' because it falls short of the EAS program's demonstrated reliability requirement.
Yahoo
16-05-2025
- Business
- Yahoo
Wall Street Analysts Think SkyWest (SKYW) Is a Good Investment: Is It?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about SkyWest (SKYW) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. SkyWest currently has an average brokerage recommendation (ABR) of 1.60, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by five brokerage firms. An ABR of 1.60 approximates between Strong Buy and Buy. Of the five recommendations that derive the current ABR, three are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 60% and 20% of all recommendations. Check price target & stock forecast for SkyWest here>>>While the ABR calls for buying SkyWest, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential. Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement. With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision. In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures. Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5. It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them. In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research. Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns. There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices. In terms of earnings estimate revisions for SkyWest, the Zacks Consensus Estimate for the current year has increased 3.6% over the past month to $9.28. Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for SkyWest. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, the Buy-equivalent ABR for SkyWest may serve as a useful guide for investors. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SkyWest, Inc. (SKYW) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Business Wire
07-05-2025
- Business
- Business Wire
SkyWest, Inc. Announces $250 Million Increase to
ST. GEORGE, Utah--(BUSINESS WIRE)--On May 6, 2025, the Board of Directors (the 'Board') of SkyWest, Inc. (NASDAQ: SKYW) ('SkyWest') approved a $250 million increase to its existing share repurchase plan. SkyWest is authorized to repurchase such shares of common stock at prevailing market prices in the open market, in privately negotiated transactions or by other means in accordance with federal securities laws. Depending on market conditions and other factors, such repurchases may commence or be suspended from time to time by management without prior notice. The actual timing, number and value of shares repurchased will be determined by SkyWest's management in its discretion. There is no expiration date for the repurchase plan. This authorization supplements the Board's previous share repurchase plan approved in May 2023, which authorized the repurchase of up to $250 million of SkyWest's common stock, of which approximately $22 million remained after approximately $12 million was repurchased in April 2025. Following such increase, SkyWest is authorized to repurchase up to approximately $272 million of SkyWest's common stock. About SkyWest SkyWest, Inc. is the holding company for SkyWest Airlines, SkyWest Charter and SkyWest Leasing, an aircraft leasing company. SkyWest Airlines has a fleet of approximately 500 aircraft connecting passengers to over 240 destinations throughout North America. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines, and Alaska Airlines carrying more than 42 million passengers in 2024. Forward-Looking Statements In addition to historical information, this release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements regarding SkyWest's plans with respect to share repurchases and other statements that are not historical facts. All forward-looking statements included in this release are made as of the date hereof and are based on information available to SkyWest as of such date. SkyWest assumes no obligation to update any forward-looking statements for any reason. Actual events or results may differ from SkyWest's expectations. For example, the share repurchase plan may be suspended or discontinued at any time. Additional information concerning these and other risk factors affecting SkyWest can be found in SkyWest's public periodic filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, available at
