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. (NASDAQ: SKYW) is a holding company in the scheduled passenger air transportation industry, with operations centered on regional flying through SkyWest Airlines, SkyWest Charter (SWC) and SkyWest Leasing. This news page aggregates company-issued updates and market news related to SKYW, giving readers a focused view of how SkyWest’s regional aviation business evolves over time.
According to recent press releases, SkyWest regularly reports quarterly financial and operating results, including revenue from flying agreements, lease and airport services, block hour production, fleet utilization and passengers carried. Earnings announcements often highlight changes in aircraft counts by type, such as E175, CRJ900, CRJ700/CRJ550 and CRJ200 aircraft, as well as information about aircraft leased to third parties or configured for SWC operations.
News items also cover commercial agreements and fleet decisions, such as multi-year contract extensions with United Airlines and Delta Air Lines for CRJ aircraft, and an agreement to purchase and operate 16 new E175 aircraft for Delta. Additional releases describe SkyWest’s firm delivery positions and purchase rights for Embraer E175 aircraft, which the company links to its long-term fleet strategy and regional flying opportunities.
Investors and followers of SKYW can also find announcements about share repurchase authorizations, capital allocation decisions, and strategic partnerships, including SkyWest’s equity investment in Maeve Aerospace and its exclusive launch customer rights for the MAEVE Jet. Regular notices of upcoming earnings conference calls and webcasts provide details for participants.
By reviewing the SKYW news feed, readers can track how SkyWest’s partnerships with United, Delta, American and Alaska evolve, how its regional jet fleet mix changes, and how management describes demand for its regional flying product. Bookmark this page to monitor ongoing developments, financial updates and strategic announcements related to SkyWest, Inc.
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.
SkyWest (NASDAQ: SKYW) reported Q1 2022 financial results with a net income of $18 million, or $0.35 per diluted share, down from $36 million, or $0.71 per share in Q1 2021. Revenue increased by 38% to $735 million, driven by a 13% rise in block hours. Operating expenses rose 51% to $683 million, largely due to payroll support grants in the prior year. The company took delivery of four E175 aircraft for Alaska Airlines and placed seven into service for American Airlines. SkyWest maintains $856 million in cash and anticipates delivering 47 E175 aircraft by early 2023.
SkyWest, Inc. (NASDAQ: SKYW) will host a live conference call and webcast on April 28, 2022, at 2:30 p.m. MT to discuss its first quarter 2022 results. The session will include an overview of the quarterly performance followed by a Q&A. Interested participants can access the webcast via this link. Call-in numbers are 1-888-440-4038 for US callers and 1-646-960-0861 for international callers. A digital rebroadcast will be available from 5:30 p.m. MT on April 28 until May 12, 2022.
Thomas Global has secured SkyWest Airlines as the launch customer to upgrade its CRJ Pro Line 4 flight decks with the TFD-4000 LCD flight displays starting this summer. This retrofit captures significant benefits of AMLCD technology, enhancing reliability and lifecycle costs while restoring supply chain dependability. The TFD-4000, now FAA certified, offers a drop-in solution for legacy CRT displays, significantly improving operational efficiency. Deliveries to SkyWest are expected to commence in mid-2022.
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SkyWest reported a positive financial turnaround in Q4 2021, achieving a net income of $4 million, or $0.09 per diluted share, compared to a net loss of $46 million in Q4 2020. For the full year, net income was $112 million, or $2.20 per diluted share. Revenue rose by 32% to $777 million in Q4 2021, driven by a 30% increase in block hours. Despite rising operating expenses of $744 million, SkyWest is optimistic about future fleet expansions in partnership with major airlines and Eve Air Mobility for eVTOL aircraft, emphasizing a commitment to sustainability.
SkyWest, Inc. (NASDAQ: SKYW) will hold a live conference call on February 3, 2022 at 2:30 p.m. MT to discuss its fourth quarter 2021 results. The event will feature a presentation of the quarterly results followed by a Q&A session. Interested parties can join via the provided webcast link. A digital rebroadcast will be available from 5:30 p.m. MT on the same day until February 17, 2022. US and international call-in numbers are also provided for those who wish to participate.
SkyWest (NASDAQ: SKYW) and Eve Air Mobility announced a partnership to purchase 100 electric vertical takeoff and landing (eVTOL) aircraft to develop a deployment network in the U.S. The collaboration aims to enhance Urban Air Mobility operations, focusing on vehicle design and certification. SkyWest views Eve's eVTOL as a sustainable solution, promising zero carbon emissions and improved urban connectivity. This partnership leverages SkyWest's extensive operational experience and Eve's innovative technology, marking a significant step towards sustainable aviation.
SkyWest reported Q3 2021 results showing net income of $10 million, or $0.19 per diluted share, down from $34 million in Q3 2020. Adjusted net income soared to $74 million, reflecting a recovery in flying demand post-COVID-19. Revenue rose 63% to $745 million, boosted by a 67% increase in flight hours. However, operating expenses surged 82% to $698 million, largely due to an $85 million impairment charge for CRJ900 aircraft. The firm anticipates $15-$20 million in Q4 2021 losses due to a recent cyberattack affecting flight operations.
SkyWest, Inc. (NASDAQ: SKYW) is set to host a live conference call on October 28, 2021 at 2:30 p.m. MT to discuss its third quarter 2021 results. The call will include a detailed overview of quarterly results followed by a Q&A session. Interested participants can access the call via a webcast or through dedicated call-in numbers for both US and international callers. A digital rebroadcast will be available from 5:30 p.m. MT on October 28 until November 11, 2021.