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NEW YORK ( TheStreet) -- Skywest Incorporated (Nasdaq: SKYW) hit a new 52-week low Wednesday as it is currently trading at $7.12, below its previous 52-week low of $7.15 with 213,049 shares traded as of 1 p.m. ET. Average volume has been 403,900 shares over the past 30 days. Skywest has a market cap of $381.6 million and is part of the services sector and transportation industry. Shares are down 42.1% year to date as of the close of trading on Tuesday. SkyWest, Inc., through its subsidiaries, operates a regional airline in the United States. As of May 2, 2012, the company served the United States, Canada, Mexico, and the Caribbean with approximately 3,900 daily departures and a fleet of approximately 727 regional aircraft.