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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.