Skywest Airlines has warned its first-half profit would drop by nearly $3 million due to costs associated with its A320-200 order. Shares in the airline slumped 10% on the news.
Skywest executive chairman Jeff Chatfield said: “Due to this investment [in training and pilots for the new aircraft] the company now expects its net profit attributable to members for the current half-year period ending 31 December 2010 to therefore be lower by $2.9 million, compared with the corresponding period.”
The airline posted a net profit after tax of $5.76 million for the first half of the 2009-10 financial year.