SkyWest Reports Expected Loss, Deutsche Bank Maintains Buy Rating
Deutsche Bank has published a research report on SkyWest (NASDAQ: SKYW) after the company reported an expected loss during its March quarter.
In the report, Deutsche Bank writes "SkyWest reported a loss per share of $0.21 which was modestly better than both our loss per share forecast and the consensus loss of $0.25. This was the company's first quarterly loss since the late 1990s and reflected a plethora of adverse items (e.g. higher costs and foregone revenue due to an unusually high number of weather-related cancellations, additional expense tied to heavy inspections of airframes, among others)."
Deutsche Bank maintains its Buy rating and $20 price target.
SkyWest closed yesterday at $16.76.
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