SkyWest
Operates partner-branded regional flights and aircraft leasing for major U.S. airlines.
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Profile
Operates partner-branded regional flights across North America, primarily under fixed-fee capacity-purchase agreements, while leasing, prorate flying, and charter service add other revenue streams. Major airline partners control most schedules, pricing, ticketing, and seat inventory, making contract relationships, qualified labor, and FAA certification central to the model.
Operates regional passenger flights across the United States, Canada, and Mexico through SkyWest Airlines, with nearly all service marketed as United Express, Delta Connection, American Eagle, or Alaska Airlines. Most flying uses fixed-fee capacity-purchase agreements; major-airline partners set schedules, pricing, ticketing, and seat inventory while reimbursing specified operating costs. Prorate routes leave fare and fuel exposure with the operator.
SkyWest Leasing captures aircraft ownership and financing economics tied mainly to E175s and also leases aircraft and engines to third parties. SkyWest Charter provides on-demand CRJ200 service and holds commuter-air-carrier authorization. Operational execution centers on flight completion, on-time performance, crew training, and maintenance. The model depends on major-airline contracts, qualified labor, and FAA operating and airworthiness approvals.
Company facts
Categories
Key statistics
Year to date −2.2% · Average volume (30d) 383.1K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 2, 2026 | Goldman Sachs | Downgrade | Buy | Neutral | $119 | $108 |
| Jan 26, 2026 | Cantor Fitzgerald | Target | $132 | $122 | ||
| Oct 31, 2025 | Cantor Fitzgerald | Target | $132 | |||
| Oct 1, 2025 | Raymond James | Upgrade | Outperform | Strong Buy | $125 | $140 |
| Apr 8, 2025 | Goldman Sachs | Upgrade | Neutral | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $2.70 | $2.54 | −5.9% | $1.11B | $1.10B | −0.6% | +7.70% |
| Apr 23, 2026Q1 FY26 | $2.15 | $2.21 | +2.8% | $992.1M | $1.01B | +2.1% | −7.18% |
| Jan 29, 2026Q4 FY25 | $2.25 | $2.21 | −1.8% | $991.5M | $1.02B | +3.3% | −4.93% |
| Oct 30, 2025Q3 FY25 | $2.56 | $2.81 | +9.8% | $1.00B | $1.05B | +4.5% | +5.63% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $948.5M | $1.04B | $1.05B | $1.02B | $1.01B | $1.10B | |
| Gross profit | $220.3M | $261.4M | $251.9M | $624.3M | $212.8M | $1.90B | |
| Operating income | $139.4M | $170.1M | $174.1M | $134.2M | $123.7M | $155.8M | |
| Net income | $100.6M | $120.3M | $116.4M | $91.2M | $101.7M | $100.7M | |
| Diluted EPS | $2.42 | $2.90 | $2.82 | $2.21 | $2.50 | $2.54 | |
| Gross margin | 23.2% | 25.2% | 24.0% | 60.9% | 21.0% | 172.6% | |
| Operating margin | 14.7% | 16.4% | 16.6% | 13.1% | 12.2% | 14.1% |
Fiscal years (4-quarter sums)FY21 $2.71B · FY22 $3.00B · FY23 $2.94B · FY24 $3.53B · FY25 $4.06B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $601.0M · Total debt $2.30B · Total assets $7.41B · Shareholders' equity $2.76B
Dividends
No dividends on record.
Ownership
Shares outstanding 39.66M · Float 38.11M · 96.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 6.87M | 17.33% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 2.97M | 7.50% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 2.57M | 6.47% | 13F | Aug 11, 2026 |
| American Century Companies Inc | 2.25M | 5.68% | 13F | Aug 12, 2026 |
| Stowers Institute for Medical Research | 2.25M | 5.70% | 13G | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 3, 2026 | Wade J. Steel | officer: CHIEF COMMERCIAL OFFICER | −22,000 | $111.44 |
| Jul 29, 2026 | Robert J. Simmons | officer: CHIEF FINANCIAL OFFICER | −25,000 | $110.49 |
| Jul 30, 2026 | Greg Wooley | officer: EXEC VP OPERATIONS | −17,726 | $108.55 |
| Jul 28, 2026 | Russell A. Childs | director, officer: PRESIDENT & CEO | −50,500 | $113.21 |
| Feb 24, 2026 | Wade J. Steel | officer: CHIEF COMMERCIAL OFFICER | −20,629 | $106.53 |
Peers
- Republic Airways
Direct public regional-airline peer after the Mesa merger
- American Airlines Group
Owns American Eagle regionals that bracket SkyWest capacity
- Delta Air Lines
Owns Endeavor and allocates Delta Connection regional flying
- Alaska Air Group
Owns Horizon, the Alaska regional operator beside SkyWest
- United Airlines
Controls United Express capacity contested by regional partners
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| SkyWest | $98.87 | −0.08% | $3.92B | 9.8 | 8.5 | 0.9 | +6.5% |
| Republic Airways | $18.40 | +0.05% | $861.7M | — | 4.8 | 0.5 | +515.5% |
| American Airlines Group | $13.69 | +0.37% | $9.03B | — | 10.5 | 0.2 | +16.3% |
| Delta Air Lines | $80.10 | +0.05% | $52.66B | 13.3 | 9.8 | 0.8 | +18.7% |
| Alaska Air Group | $42.63 | +0.73% | $4.72B | — | 20.7 | 0.3 | +9.8% |
| United Airlines | $110.89 | +0.29% | $35.90B | 10.3 | 8.4 | 0.6 | +16.0% |
| Median | 11.8 | 9.8 | 0.5 | +16.3% |