SKYWEST (SKYW) Company Report

SkyWest Inc. reported net income of $116 million and diluted earnings per share of $2.81 for the third quarter of 2025. Total Q3 revenue was $1.1 billion, an increase from $913 million in Q3 2024.
The company provided updated guidance, anticipating 2025 GAAP EPS in the mid-$10 per share area (implying Q4 EPS of approximately $2.30) and 2026 EPS in the area of $11, representing mid to high single-digit percentage growth.
SkyWest announced an agreement with United to extend up to 40 CRJ-200s into the 2030s and has 74 E175s on firm order with Embraer, with deliveries of 3 E175s expected in Q4 2025 and 11 in 2026.
The company repurchased 244,000 shares for $27 million in Q3 2025, with $240 million remaining under its share repurchase authorization as of September 30.

Oct 30, 2025, 8:30 PM

Transcript

SkyWest, Inc. Reports Strong Q3 2025 Financial Results and United Airlines Contract Extension

SKYW

Earnings

Share Buyback

New Projects/Investments

SkyWest, Inc. reported net income of $116 million and diluted EPS of $2.81 for Q3 2025, an increase from $90 million and $2.16, respectively, in Q3 2024.
Revenue grew 15% to $1.1 billion in Q3 2025, up from $913 million in Q3 2024, reflecting a 15% increase in block hour production.
The company secured a multi-year contract extension with United Airlines for up to 40 CRJ200 aircraft.
SkyWest repurchased 244,000 shares for $26.6 million during Q3 2025, with $240 million of availability remaining under its share repurchase program.
Total debt decreased to $2.4 billion as of September 30, 2025, down from $2.7 billion at December 31, 2024.

Oct 30, 2025, 8:01 PM

8-K

SkyWest, Inc. Announces Strong Third Quarter 2025 Results

SKYW

Earnings

Revenue Acceleration/Inflection

Share Buyback

SkyWest, Inc. reported net income of $116 million, or $2.81 per diluted share, for Q3 2025, an increase from $90 million, or $2.16 per diluted share, in Q3 2024.
Revenue for Q3 2025 reached $1.1 billion, a 15% increase from $913 million in Q3 2024, with operating income up 33% to $174 million.
The company maintained strong liquidity with $753 million in cash and marketable securities and reduced total debt to $2.4 billion as of September 30, 2025.
SkyWest repurchased 244,000 shares for $26.6 million during Q3 2025 and secured a multi-year contract extension with United Airlines for up to 40 CRJ200 aircraft.

Oct 30, 2025, 8:01 PM

Press Release

Skyward Specialty Insurance Group's Credit Ratings Affirmed by AM Best

SKYW

Debt Issuance

Earnings

AM Best has affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings (Long-Term ICRs) of "a" (Excellent) for Skyward Specialty Insurance Group's members.
The Long-Term ICR of "bbb" (Good) for Skyward Group and the Long-Term Issue Credit Rating of "bbb-" (Good) for its $20 million, 7.25% subordinated notes, due 2039, were also affirmed.
The outlook for all these Credit Ratings is stable.
The ratings reflect Skyward's very strong balance sheet strength, adequate operating performance, neutral business profile, and appropriate enterprise risk management.
The group's operating performance is characterized by a continuing trend of improving underwriting profitability and consistent investment income.

Aug 14, 2025, 3:38 PM

Press Release

SkyWest Inc. Reports Q2 2025 Results and Provides 2025 Outlook

SKYW

Earnings

Guidance Update

New Projects/Investments

SkyWest Inc. reported net income of $120 million and $2.91 diluted EPS for the second quarter of 2025.
The company anticipates 2025 GAAP EPS to be in the $10 per share area, with block hours expected to be up approximately 14% over 2024.
SkyWest announced an agreement to purchase and operate 16 new E175s under a multiyear contract with Delta, with deliveries expected to begin in 2027, and secured firm delivery positions for 44 more E175s from 2028 to 2032.
The company is not willing to pay a 50% tariff on new aircraft deliveries from Brazil, and anticipates remaining 2025 Embraer deliveries will be delayed into the fourth quarter or early 2026.
SkyWest repurchased 195,000 shares for $17.3 million in Q2 2025, with $267 million remaining under its current share repurchase authorization as of June 30.

Jul 25, 2025, 5:55 AM

SkyWest orders 110 Embraer E175 jets including 16 for Delta

SKYW

New Projects/Investments

SkyWest placed a firm order for 60 Embraer E175 jets and secured purchase rights for an additional 50 aircraft, in a deal valued at $3.6 billion.
Deliveries begin in 2027, with 16 E175s operating under a new multi-year contract with Delta Air Lines, replacing 11 CRJ900s and 5 CRJ700s.
The remaining 44 aircraft have firm delivery positions between 2028 and 2032, contingent on SkyWest securing flying agreements with major airline partners.
This order underpins SkyWest’s long-term fleet strategy to expand its dual-class footprint and maintains its status as the world’s largest E175 operator (currently 263 E175s in service, plus 16 on order).

Jun 18, 2025, 10:07 AM

Morningstar

SkyWest Inc Annual Meeting & Share Repurchase Update (FY 2025)

SKYW

Proxy Vote Outcomes

Share Buyback

On May 6, 2025, SkyWest Inc held its annual meeting and announced key corporate actions, including voting outcomes and a share repurchase update.
An 8-K report detailed significant vote margins on director nominations, executive compensation, auditor appointment (ratifying Ernst & Young LLP for FY 2025), and the rejection of a shareholder proposal.
The Board approved an additional $250 million increase to its share repurchase plan, raising the total authorization to approximately $272 million.
This share repurchase update supplements a May 2023 plan, where about $22 million remained after repurchasing approximately $12 million in April 2025.
Management retains discretion over the timing and method of repurchases, with a press release issued on May 7, 2025.

May 8, 2025, 12:00 AM

8-K 8-K

SkyWest Inc Q1 2025 Earnings & Strategic Initiatives Update

SKYW

Earnings

Share Buyback

Guidance Update

Revenue Acceleration/Inflection

Earnings Performance: GAAP net income of $101 million and EPS of $2.42 in Q1 2025, reflecting solid profitability despite macroeconomic uncertainty
Revenue Growth: Revenue reached $948 million, up 18% YoY, with block hour production rising 22% compared to Q1 2024
Capital Management: Executed share repurchase of 141,000 shares at an average price of $97.27 (totaling $14 million)
Financial Strength: Reduced debt to $2.6 billion and generated over $140 million in free cash flow during Q1 2025
Strategic Fleet Initiatives: Secured a multi-year contract extension with Delta Air Lines for 5 CRJ700 and 11 CRJ900 aircraft, and plans to add 16 new E175s by the end of 2026

Apr 24, 2025, 8:31 PM

Transcript 8-K

SkyWest Announces Q4 2024 Financial Results & Strategic Growth Initiatives

SKYW

Earnings

Share Buyback

Revenue Acceleration/Inflection

New Projects/Investments

Reported Q4 GAAP net income of $97 million (EPS of $2.34) and full year net income of $323 million (EPS of $7.77), demonstrating significant year-over-year improvement
Achieved Q4 revenue of $944 million, up 26% from Q4 2023, driven by higher flight production and improved operational metrics
Completed a share repurchase of 47,000 shares for $4.9 million, with $48 million still available under the buyback program
Announced a multiyear contract extension with American Airlines to operate 74 CRJ700s through the end of the decade, maintaining similar economics as prior agreements
Invested $186 million in Q4 CapEx and outlined plans for 16 new E175 deliveries (8 in 2025; 8 in 2026) to expand the fleet to 278 aircraft by the end of 2026
Noted operational improvements with block hours up by over 5% QoQ and a forecasted 12% increase in block hours for 2025, approaching pre-COVID levels

Jan 30, 2025, 12:00 AM

Transcript 8-K

Earnings Transcripts

Quarterly earnings call transcripts for SKYWEST.

Ask Fintool AI Agent

Get instant answers from SEC filings, earnings calls & more

What did Russell Childs say about margins?What are SKYWEST's strategic priorities?How is SKYWEST positioned vs competitors?How did SKYWEST do last quarter?

Let Fintool AI Agent track SKYWEST's earnings for you

Get instant analysis when filings drop