Welcome to our dedicated page for Skywest news (Ticker: SKYW), a resource for investors and traders seeking the latest updates and insights on Skywest stock.
SkyWest Inc. (SKYW) operates as a leading regional airline partner for major U.S. carriers, providing essential air connectivity through its dual focus on flight operations and aircraft leasing. This page serves as the definitive source for all official company announcements and market-relevant updates.
Investors and industry professionals will find curated news spanning earnings reports, fleet expansions, partnership developments, and operational milestones. The repository includes press releases detailing SKYW's cost-efficient regional service model, technology integrations for crew management, and strategic agreements with global aviation partners.
Content is organized to highlight material developments while maintaining compliance with financial disclosure standards. Regular updates ensure stakeholders can track SKYW's performance in regional aviation markets and leasing activities. Bookmark this page for streamlined access to verified information supporting informed analysis of the company's market position.
SkyWest (NASDAQ: SKYW) reported strong Q1 2025 financial results with net income of $101 million ($2.42 per diluted share), up from $60 million ($1.45 per share) in Q1 2024. The quarter included a $10 million discrete tax benefit.
Revenue increased 18% to $948 million, driven by a 22% increase in block hour production. Operating expenses rose 15% to $809 million due to CRJ fleet maintenance costs and increased flight production.
The company maintained strong liquidity with $751 million in cash and marketable securities, while reducing total debt to $2.6 billion. Under its share repurchase program, SkyWest bought back 141,000 shares for $13.7 million at an average price of $97.27 per share.
SkyWest secured contract extensions with Delta Air Lines for five CRJ700 and 11 CRJ900 aircraft, and plans to operate 278 E175 aircraft by end of 2026.
SkyWest (NASDAQ: SKYW) has scheduled its first quarter 2025 earnings conference call and webcast for Thursday, April 24, 2025, after market close. The event will begin at 2:30 p.m. Mountain Time and will include a presentation of quarterly results followed by a Q&A session.
Participants can join via webcast or through dedicated call-in numbers: 1-888-330-2455 for US callers and 1-240-789-2717 for international callers, using conference ID 8322450. A digital rebroadcast will be available from 5:30 p.m. MT on April 24 through May 8, 2025, accessible via 1-800-770-2030 (US) or 1-609-800-9909 (international).
SkyWest (NASDAQ: SKYW) reported strong financial results for Q4 2024, with net income of $97 million ($2.34 per diluted share), compared to $18 million ($0.42 per diluted share) in Q4 2023. Full-year 2024 net income reached $323 million ($7.77 per diluted share), up from $34 million ($0.77 per diluted share) in 2023.
Q4 2024 revenue increased 26% to $944 million, with block hour production up 20%. The company secured a multi-year contract extension with American Airlines for 74 CRJ700s and took delivery of four new E175 aircraft under a United Airlines agreement. By end of 2026, SkyWest is scheduled to operate 278 E175 aircraft.
As of December 31, 2024, SkyWest maintained $802 million in cash and marketable securities, with total debt at $2.7 billion. The company continued its share repurchase program, buying back 47,000 shares for $4.9 million during Q4 2024.
SkyWest (NASDAQ: SKYW) has announced its upcoming conference call and webcast to discuss fourth quarter and full year 2024 results. The event will take place after market close on Thursday, January 30, 2025, at 2:30 p.m. Mountain Time.
The presentation will include an overview of quarterly results followed by a Q&A session. Participants can join via webcast or phone, with dedicated lines for both US (1-888-330-2455) and international callers (1-240-789-2717). A digital rebroadcast will be available from 5:30 p.m. MT on January 30 through February 13, 2025.
SkyWest (NASDAQ: SKYW) reported strong Q3 2024 financial results with net income of $90 million ($2.16 per diluted share), up from $23 million in Q3 2023. Revenue increased 19% to $913 million, driven by a 15% increase in block hour production. The company announced an agreement with United Airlines for 40 CRJ550s and took delivery of nine E175 partner-financed aircraft. Operating expenses rose 9% to $781 million. SkyWest maintained strong liquidity with $836 million in cash and reduced total debt to $2.7 billion. The company continued its share repurchase program, buying back 217,000 shares for $16.3 million during Q3.
SkyWest, Inc. (NASDAQ: SKYW) has announced its plans to host a live conference call and webcast on Thursday, October 31, 2024, after the market closes, to discuss its third quarter 2024 results. The event will begin at 2:30 p.m. Mountain Time and will include an overview of the quarterly results followed by a Q&A session.
Interested parties can access the webcast through a provided link or join via phone using specific call-in numbers for US and international callers. The conference ID/Event Plus passcode is 8322450. Participants are advised to connect ten minutes before the scheduled time.
A digital rebroadcast of the conference call will be available from 5:30 p.m. MT on October 31, 2024, through November 14, 2024, at 9:59 p.m. MT. Separate rebroadcast numbers are provided for US and international callers.
SkyWest (NASDAQ: SKYW) has been recognized as one of America's Best Midsize Companies by TIME Magazine and Statista. As the only regional airline on the 2024 list, this accolade highlights SkyWest's commitment to excellence in customer service and employee satisfaction. The company, which connects nearly 40 million passengers annually, was selected based on employee satisfaction, positive revenue growth, and sustainable transparency.
SkyWest has also received other notable recognitions, including:
- America's Greatest Workplaces for Diversity (Newsweek)
- America's Greatest Workplaces for Women (Newsweek)
- Best Places to Work (Glassdoor)
- America's Best Large Employers (Forbes)
These awards underscore SkyWest's dedication to maintaining a positive work environment for its 14,000+ aviation professionals while delivering exceptional service to customers.
SkyWest Inc. (NASDAQ: SKYW) reported strong financial results for Q2 2024, with net income of $76 million, or $1.82 per diluted share, compared to $15 million in Q2 2023. Revenue increased by 19% to $867 million, driven by a 12% increase in block hour production. The company took delivery of eight E175 partner-financed aircraft under an agreement with United Airlines. SkyWest's cash position remained stable at $834 million, while total debt decreased to $2.8 billion. The company repurchased 177,000 shares for $13.3 million during Q2 2024. SkyWest is set to operate a total of 278 E175 aircraft by the end of 2026, with additional deliveries scheduled for Delta Air Lines and Alaska Airlines.
SkyWest (NASDAQ: SKYW) has scheduled a live conference call and webcast on July 25, 2024, at 2:30 p.m. MT to discuss its second quarter 2024 results. The session will include a results overview followed by a Q&A segment.
US participants can join the call at 1-888-330-2455, while international callers can dial 1-240-789-2717, using conference ID 8322450. A digital rebroadcast will be available from July 25, 2024, 5:30 p.m. MT until August 9, 2024, 9:59 p.m. MT, accessible via 1-800-770-2030 for US callers and 1-609-800-9909 for international callers.
SkyWest encourages interested parties to join and participate in the event. For more details, visit the source link. Contact Investor Relations at 435-634-3200 for questions.
Accommodations Plus International (API) has been selected by SkyWest Airlines to provide a full suite of crew management solutions. API was chosen for its crew accommodations platform, service quality, and efficient implementation process. SkyWest's decision reflects their trust in API's expertise and ability to enhance the crew experience. With partnerships with major airlines and a large fleet, SkyWest aims to improve crewmember experiences through this collaboration.
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