This Value Stock Jumped 7% After Earnings, but It's Still a Bargain
Shares of SkyWest (NASDAQ: SKYW) lost almost half of their value in the first half of 2022, as staffing issues forced the company to reduce its near-term flying plans. A surge in pilot pay across the regional airline industry also contributed to investors' angst.
However, last Thursday, SkyWest reported better-than-expected results for the second quarter. And while SkyWest stock jumped 7% after the earnings report, it still has tremendous upside potential over the next few years.
Earlier this year, SkyWest's management warned investors that the company had experienced a big uptick in attrition among its captains. While SkyWest has enough pilots in total, it has more first officers than captains, whereas each flight needs one of each.
Source Fool.com
