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Airlines have experienced notable financial success in 2024, with the commercial airline sector achieving a calendar-year return of 33.4%, according to Yahoo Finance. This performance is significant considering the high fuel prices and interest rates affecting the industry. The S&P 500, by comparison, has seen returns of 14.58%.
SkyWest Airlines stands out with year-to-date returns exceeding 110%, making it the second-highest performer in the US airline industry after United Airlines. "SkyWest's business model has remained the same post-pandemic," allowing it to thrive while other airlines face challenges.
The airline's operations involve contracting flights for major carriers like Delta, American, and United through regional subsidiaries. This model has helped SkyWest maintain profitability despite changes in the airline industry since before COVID-19.
