17-Feb-2012 1:25 PM

SkyWest expects to return to profit in 2012

SkyWest Inc chairman and CEO Jerry C Atkin stated (16-Feb-2012) the carrier "is expected to return us to profitability" in 2012. He commented, “We experienced some unanticipated expenses in the fourth quarter, however, I remain confident in our ability to respond to these challenges. We have an action plan in place for 2012 that we have started to execute and is expected to return us to profitability for the year. Having said that, we expect the first quarter of 2012, to be challenged but somewhat mitigated from our fourth quarter 2011 results.”