SkyWest Meets as Revenue Jumps

The airline posts a 37.6% increase in revenue.
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SkyWest

(SKYW) - Get Report

reported a higher fourth-quarter profit, meeting analysts' expectations, despite the run-up in fuel costs.

Net income rose 23.3% to $21.2 million, or 37 cents a share, compared with $17.5 million, or 30 cents a share, for the same period last year. Operating revenue rose 37.6% to $326.7 million.

The consensus estimate was EPS of 37 cents on revenue of $306.9 million, according to a Thomson First Call survey.

Utah-based SkyWest currently operates as United Express, Delta Connection and Continental Connection carriers under contractual agreements with

UAL's

United Airlines and

Delta Air Lines

(DAL) - Get Report

, and under a marketing agreement with

Continental Airlines

(CAL) - Get Report

.

Shares closed at $17.09 Tuesday.