Skywest Inc Stock Price, News & Analysis

SkyWest, Inc. (NASDAQ: SKYW) will conduct a live conference call on April 27, 2023, at 2:30 p.m. MT to discuss its first quarter results. This event will feature an overview of financial performance with a Q&A session to follow. The call will be accessible via webcast and phone for participants in the U.S. and internationally. Interested parties are advised to connect ten minutes early for a timely start. A digital rebroadcast of the call will be available from 5:30 p.m. MT on the same day until May 11, 2023, at 9:59 p.m. MT. The rebroadcast can be accessed using specific dial-in numbers provided for U.S. and international callers. This event is vital for investors looking to understand the company’s recent financial performance.

SkyWest reported Q4 2022 net loss of $47 million, or $0.93 loss per share, a decline from a net income of $4 million in Q4 2021. For the full year 2022, net income was $73 million, or $1.44 per diluted share, down from $112 million in 2021. The revenue for Q4 2022 was $681 million, a 12% decrease from $777 million in Q4 2021, influenced by a $69 million increase in deferred revenue. Operating expenses also decreased by 4% to $716 million. Despite challenges, SkyWest secured amendments to flying contracts to enhance pilot pay and took delivery of four E175 aircraft during the quarter. The company ended the quarter with $1 billion in cash and marketable securities.

SkyWest, Inc. (NASDAQ: SKYW) will hold a live conference call on February 2, 2023, at 2:30 p.m. MT to discuss its fourth quarter and full year 2022 results. The session will cover an overview of the quarterly results and will include a Q&A segment. Interested parties can join the webcast at this link. A digital rebroadcast will be available from 5:30 p.m. MT on February 2 through February 16, 2023. For more information, contact Investor Relations at 435-634-3200.

SkyWest reported strong financial results for Q3 2022, with a net income of $48 million or $0.96 per diluted share, an increase from $10 million or $0.19 per diluted share in Q3 2021. Revenue rose 6% to $789 million, driven by the addition of E175 aircraft. Operating expenses increased 2% to $714 million, mainly due to higher salaries. As of September 30, 2022, the company maintained $1.0 billion in cash, while total debt was $3.4 billion. Fleet expansion is on track with future deliveries planned for E175 aircraft by 2025.

SkyWest, Inc. (NASDAQ: SKYW) will host a live conference call and webcast on October 27, 2022, at 2:30 p.m. Mountain Time to discuss its third quarter 2022 results. The session will feature an overview of the quarterly performance followed by a Q&A segment. Interested participants can join via the provided link or call in using designated US and international numbers. A digital rebroadcast of the call will be available from 5:30 p.m. MT on October 27 to November 10, 2022.

SkyWest reported its Q2 2022 financial results, showing a net income of $54 million or $1.07 per diluted share, compared to $62 million or $1.22 in Q2 2021. Revenue grew 22% to $799 million, driven by the addition of 43 aircraft and higher flying contract revenues. Operating expenses rose 31% to $710 million, partly due to payroll support programs. SkyWest continues to expand its E175 fleet, having delivered six aircraft to Alaska Airlines and two to Delta, with future deliveries planned. As of June 30, 2022, cash and marketable securities reached $975 million.

SkyWest, Inc. (NASDAQ: SKYW) will hold a live conference call and webcast on Thursday, July 28, 2022, at 2:30 p.m. Mountain Time to discuss its second quarter 2022 results. The event will include a presentation followed by a Q&A session. Interested parties can join the webcast at this link. US callers can reach the call at 1-888-440-4038, while international callers can dial 1-646-960-0861. A rebroadcast will be available from July 28, 2022, after 5:30 p.m. MT until August 11, 2022.