RTTNews | Feb 4, 2021 06:02PM EST

18:02 Thursday, February 4, 2021 (RTTNews.com) - SkyWest, Inc. (SKYW) Thursday reported fourth-quarter net loss of $46 million or $0.93 per share, compared to net income of $73 million or $1.43 per share last year.

Revenues for the quarter were $590 million, down 21% from $744 million last yeardue to the COVID-19 pandemic that caused a significant reduction in the number of scheduled flights SkyWest operated under its flying agreements compared to the same period last year.

Analysts polled by Thomson Reuters expected a loss of $0.83 per share on revenues of $522.34 million for the quarter. Analysts' estimates typically exclude special items.

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