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Stock impact report

SkyWest, Inc. (SKYW): A Good Airline Stock To Buy According To Short Sellers [Yahoo! Finance]

SkyWest, Inc. (SKYW) 
Last skywest, inc. earnings: 1/30 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The COVID-19 pandemic's impact on travel caused an alarming drop in the airline industry's revenue from $838 billion in 2019 to $384 billion in 2020, according to the International Air Transport Association (IATA). However, the industry has subsequently risen substantially, with annual revenue estimated to reach $996 billion by 2024, representing 18.8% growth from 2019 and a 159% recovery from the pandemic low. On the other hand, the Business Research Company projects that the global airline market will grow at a compound annual growth rate of 8.2%, from $523.04 billion in 2023 to $566.06 billion in 2024. Whereas in the upcoming years, a significant expansion in the size of the airline industry is anticipated at a CAGR of 8.8% to $794.61 billion in 2028. According to the aforementioned research, the increase in the number of air passengers is fueling the growth of the airline industry. For example, in March 2023, the US government's Bureau of Transportation Statistics reported that Show less Read more
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