April 26, 2018 / 8:17 PM / a month ago

BRIEF-SkyWest Reports Q1 EPS Of $1.03

April 26 (Reuters) - SkyWest Inc:

* Q1 EARNINGS PER SHARE $1.03

* Q1 REVENUE $783 MILLION VERSUS I/B/E/S VIEW $769.2 MILLION

* Q1 EARNINGS PER SHARE VIEW $0.86 — THOMSON REUTERS I/B/E/S

* IMPROVEMENT IN Q1 2018 PRE-TAX INCOME FROM Q1 2017 WAS PRIMARILY DUE TO SKYWEST’S ONGOING FLEET TRANSITION.

* EXPRESSJET AIRLINES CONTINUED PREVIOUSLY-ANNOUNCED 2018 WIND DOWN OF ITS FLYING AGREEMENT WITH DELTA DURING QUARTER

* AT END OF Q1 2018, EXPRESSJET HAD SIX CRJ900S AND 31 CRJ700S REMAINING IN SERVICE UNDER DELTA AGREEMENT

* EXPRESSJET ANTICIPATES RETURNING SEVEN LEASED AIRCRAFT TO DELTA IN Q2 2018

* EXPRESSJET CONTINUES TO ENGAGE IN DISCUSSIONS AROUND CRJ700S SCHEDULED TO COME OUT OF SERVICE WITH DELTA LATER THIS YEAR Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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