Utah-based SkyWest Inc., parent of regional carriers SkyWest Airlines and ExpressJet Airlines, posted a first-quarter net profit of $36.3 million, a slight decrease from net income of $41.3 million in the 2014 September quarter. Largely as a result of reducing the number of aircraft it flies—particularly smaller regional jets—as part of a fleet optimization initiative, SkyWest’s third-quarter revenue decreased 4.9% year-over-year to $794 million. Expenses lowered 7.7% to ...

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