Utah-based SkyWest Inc., parent of regional carriers SkyWest Airlines and ExpressJet Airlines, reported a net profit of $9.6 million in the first quarter, reversed from a net loss of $22.9 million in the 2014 March quarter. The turnaround in profitability occurred even as SkyWest’s first-quarter revenue declined 1.6% year-over-year to $760.4 million. The regional operator is cutting its fleet and capacity in an effort to “reduce the number of aircraft operating in unprofitable ...

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