UPDATE: Dahlman Rose Upgrades SkyWest to Hold
In a report published Wednesday, Dahlman Rose & Co. upgraded its rating on SkyWest (NASDAQ: SKYW) from Sell to Hold.
Dahlman Rose noted, “SkyWest announced it entered into a four-year agreement with American Airlines for 23 CRJ200 regional aircraft. The aircraft will begin to be placed into American Eagle service starting November 12, with all the aircraft in operation by the end of 1Q13. SkyWest anticipates that SkyWest Airlines will fly 12 aircraft and ExpressJet Airlines will operate 11: both are wholly owned subsidiaries of the parent company SkyWest Holdings. SkyWest anticipates the aircraft will be operated out of American' hubs in Los Angeles and Dallas/Fort Worth International Airports.”
SkyWest closed on Tuesday at $9.40.
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