SkyWest, Inc. (NASDAQ: SKYW) has reported financial and operating results for Q4 2017, including net income of USD 290 million, or USD 5.46 per diluted share, compared to net loss of USD 270 million, or USD 5.22 loss per diluted share for Q4 2016, the company said.
Excluding special items in both periods, adjusted net income was USD 43 million, or USD 0.81 per diluted share for Q4 2017, compared to adjusted net income of USD 29 million, or USD 0.54 per diluted share for Q4 2016.1 Q4 2017 adjusted earnings per diluted share of USD 0.81 did not include a USD 247 million after-tax benefit from the revaluation of our net deferred tax liability that was included in our GAAP results for the quarter.
SkyWest reported net income of USD 429 million, or USD 8.08 per diluted share for the 2017 year, compared to a net loss of USD 162 million, or USD 3.14 loss per diluted share for the 2016 year. Excluding special items in both periods, adjusted net income was USD 182 million, or USD 3.43 per diluted share for the 2017 year, compared to adjusted net income of USD 143 million, or USD 2.73 per diluted share for the 2016 year.
Based in St. George, Utah, SkyWest, Inc. is the holding company for two scheduled passenger airline operations and an aircraft leasing company with more than 17,000 employees. SkyWest´s airline companies provide commercial air service in cities throughout North America with nearly 3,000 daily flights carrying more than 50 million passengers annually. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines.