SKYW
SkyWest, Inc.103.51
+0.07+0.07%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A adds fleet, balance sheet details
Q&A delivered useful color on SkyWest's $1.5 billion unencumbered assets, set to grow as E175s pay off, reinforcing balance sheet strength without walk-backs. Management affirmed E175 extension economics remain consistent for steady revenue, while positive utilization trends—better than expected—bolster the upgraded mid-single-digit block hour growth and mid-$11 EPS outlook. They detailed 20 dual-class CRJs finishing heavy maintenance under signed contracts and 40 parked CRJ200s eyeing prorate spots, but charter stays sidelined amid core partner demand. No shocks here. Analysts' maintenance and placement probes got direct answers; capital allocation stays flexible across fleet, debt, buybacks. Watch execution on reactivations.
Key Stats
Market Cap
4.18BP/E (TTM)
9.89Basic EPS (TTM)
10.47Dividend Yield
0%Recent Filings
10-K
FY2025 results
SkyWest Airlines, the largest U.S. regional carrier, delivered FY2025 results with 863,513 departures (12.6% y/y growth) and 1.48M block hours (14.7% y/y), achieving full partner schedules by year-end after prior captain shortages constrained capacity. Q4 accelerated momentum with sequential block hour gains vs Q3, enabling $428M net income ($10.35 diluted EPS) vs $323M in FY2024. CRJ fleet drove trends amid E175 fleet growth to 270 aircraft, while leasing and charter segments added $173M revenue (50.3% y/y). Liquidity stood strong at $783M ($707M cash/securities + $76M revolver availability) with $2.4B debt (down $0.3B y/y). No annual guidance disclosed. Pilot shortages could disrupt quarterly momentum.
8-K
Q4 profit dips, annual surges
SkyWest posted Q4 2025 net income of $91 million ($2.21/share), down slightly from $97 million last year due to $7 million hit from FAA-mandated cancellations during the government shutdown, yet full-year net income soared 33% to $428 million ($10.35/share) on 15% block hour growth. Revenue climbed 8% to $1.0 billion amid 5% production rise. Fleet expanded with five new E175s; multi-year extensions secured with United (40 aircraft) and Delta (13). Debt dropped to $2.4 billion.
10-Q
Q3 FY2025 results
SkyWest posted Q3 revenue of $1.05B, up 15.0% y/y from $912.8M, with flying agreements surging 14.5% y/y on 14.9% more block hours to 384,247 amid added captains. Operating income climbed to $174.1M, up 32.5% y/y, while diluted EPS hit $2.81, up 30.1% y/y from $2.16—reconciles to 41.4M shares. Cash from operations reached $708.9M YTD, funding $313.8M capex; debt fell to $2.4B at 4.3% amid $75.5M revolver availability. Fleet hit 498 aircraft. Buybacks tapped $57.6M YTD. Pilot shortages linger.
8-K
SkyWest Q3 profit surges 29%
SkyWest reported Q3 2025 net income of $116 million, or $2.81 per diluted share, up from $90 million last year, fueled by 15% revenue growth to $1.05 billion and 15% higher block hours. Operating income climbed 33% to $174 million, while debt dropped to $2.4 billion from $2.7 billion. The company extended its United Airlines contract for up to 40 CRJ200s. Fleet growth continues with 74 E175 deliveries planned through 2028.
10-Q
Q2 FY2025 results
SkyWest's Q2 revenue climbed 19.4% y/y to $1.0B, fueled by 18.5% more block hours from added aircraft and captain hires, while operating income jumped 42.2% y/y to $170.1M on tighter cost controls despite higher maintenance. Diluted EPS rose to $2.91 from $1.82 y/y, reconciling neatly with 41.4M shares; YTD figures align without anomalies. Cash from operations hit $428.1M YTD, yielding $356.1M free cash flow (derived), but cash dipped to $48.3M amid $227.8M capex for E175s and CRJ550s, with $2.5B debt at 4.3% average rate and $75M revolver availability. Fleet grew to 502 jets, locking in capacity deals with United, Delta, American, and Alaska. Yet prorate routes expose them to fuel swings.
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