Skywest downgrades profit forecast for 4Q2011

Skywest stated (25-Jan-2012) it expects to report lower profits in 4Q2011 ended 31-Dec-2011 than it previously forecast due to additional maintenance charges for its ageing fleet (USD12.0 million), additional crew costs (USD5.0 million) including pilot training costs and losses attributable to its acquisition of TRIP and Air Mekong, estimated at USD5.5 million. The carrier now expects to report net losses between USD17.0 million and USD18.5 million for the 4Q2011. [more - original PR]