SkyWest Reports Expected Loss, Deutsche Bank Maintains Buy Rating

Deutsche Bank has published a research report on SkyWest SKYW after the company reported an expected loss during its March quarter. In the report, Deutsche Bank writes "SkyWest reported a loss per share of $0.21 which was modestly better than both our loss per share forecast and the consensus loss of $0.25. This was the company's first quarterly loss since the late 1990s and reflected a plethora of adverse items (e.g. higher costs and foregone revenue due to an unusually high number of weather-related cancellations, additional expense tied to heavy inspections of airframes, among others)." Deutsche Bank maintains its Buy rating and $20 price target. SkyWest closed yesterday at $16.76.