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Why SkyWest Shares Are Rising

Shares of airline companies, including SkyWest, Inc. (NASDAQ: SKYW), are trading higher amid strength in the industry following earnings from several peer companies.

Shares of airline companies, including SkyWest, Inc. (NASDAQ:SKYW), are trading higher amid strength in the industry following earnings from several peer companies.

American Airlines Group Inc (NYSE:AAL) shares are trading higher Thursday after the company announced better-than-expected first-quarter financial results and guided for a return to profitability in the second quarter… Read More

United Airlines Holdings Inc (NASDAQ:UAL) shares are trading higher Thursday after the company reported financial results and announced it expects to return to profitability in the second quarter… Read More

SkyWest offers commercial air services in the United States, Canada, Mexico and the Caribbean.

According to data from Benzinga Pro, SkyWest is trading higher by 7.44% at $33.08. SkyWest has a 52-week high of $53.50 and a 52-week low of $22.78.

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Since October 2021, the communications sector has been lagging behind the S&P 500, and is down roughly 34% year-to-date, as of Sept. 9. As the economy braces for a potential recession, TV station operators hope to generate revenues through advertisers and subscribers.

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