Skywest Inc Stock Price, News & Analysis

SkyWest (NASDAQ: SKYW) has announced a significant fleet expansion with an agreement to purchase 60 new Embraer E175 aircraft. The deal includes 16 E175s that will operate under a multi-year contract with Delta Air Lines, with deliveries starting in 2027. These aircraft will replace 11 CRJ900s and 5 CRJ700s currently in service. Additionally, SkyWest secured firm delivery positions for 44 more E175s scheduled between 2028 and 2032, pending future flying contract opportunities. The company also obtained purchase rights for 50 additional E175 aircraft, providing fleet flexibility over the next decade. CEO Chip Childs emphasized that this strategic move will strengthen their Delta partnership and enhance their dual-class footprint.

SkyWest (NASDAQ: SKYW) has announced a significant expansion of its share repurchase program, with its Board of Directors approving a $250 million increase to the existing plan on May 6, 2025. This addition supplements the previous $250 million authorization from May 2023, of which approximately $22 million remained after $12 million in repurchases during April 2025. The combined authorization now allows SkyWest to repurchase up to $272 million of its common stock.

The company has flexibility to execute repurchases through open market transactions, private negotiations, or other means in compliance with federal securities laws. Management has discretion over timing and volume, with no expiration date on the authorization.

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.