SkyWest: Deep-Value Regional Airline with Meaningful Upside
SkyWest trades at about a single-digit P/E and an EV/EBITDA below 7 while producing >$300M in free cash flow. The stock looks materially cheap versus its earnings power and franchise exposure to mainline capacity. Initiate a long position with a clearly defined entry, stop and target and a 180-trading-day time horizon.