1 Under-the-Radar Airline Just Earned Another Profit

It may not be a household name, but SkyWest (NASDAQ: SKYW) is one of the biggest airlines in the U.S. Prior to the pandemic, it operated over 2,000 daily departures -- just not under its own name. Instead, it mainly operates regional jet flights under fixed-fee contracts for American Airlines, Delta Air Lines, United Airlines, and Alaska Air.

SkyWest has also become one of the most profitable airlines in the world in recent years. The regional airline continued its winning ways last quarter, logging a profit under generally accepted accounting principles (GAAP), despite the ongoing COVID-19 pandemic.

Whereas its better-known peers posted massive losses throughout 2020, SkyWest reported two quarterly profits last year. It only lost money during the second quarter (when air travel demand bottomed out) and in the fourth quarter (after the federal government's initial payroll support program lapsed). For the full year, it posted a negligible pre-tax loss of $7 million.

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Source Fool.com