SkyWest's stock price plummeted 5.71% during intraday trading on Friday, reflecting significant negative pressure on the regional carrier's shares.
The sharp decline followed news that former President Donald Trump threatened to decertify Canadian aircraft, including Bombardier jets, and apply 50% import duties to them. SkyWest is among the biggest U.S. users of Canadian aircraft, making it particularly vulnerable to potential tariff increases that would raise its operational costs.