Here are the 10-Q quarterly reports from Skywest Inc (SKYW) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SKYW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SKYW filings page.
SkyWest, Inc. (SKYW) reported third-quarter 2026 operating revenue of $1,117.355 million, up 6.4% from $1,050.029 million a year earlier. Net income was $119.523 million, or $3.08 per diluted share, compared with $116.358 million, or $2.81 per diluted share. Nine-month revenue rose 6.6% to $3,233.283 million, while net income was $321.915 million versus $337.178 million. SkyWest Airlines and SWC segment profit fell 23.1% to $58.844 million; SkyWest Leasing segment profit rose 24.8% to $100.643 million.
Quarterly operating expenses increased 7.5%, including a 93.8% rise in fuel expense, which the company attributed in part to more prorate and charter flying and higher fuel prices. Effective July 1, 2026, SkyWest extended estimated useful lives of E175 aircraft, spare engines and related rotable parts from 22 to 30 years and changed aircraft residual value estimates from 20% to 18% of original acquisition cost; these revisions reduced depreciation by approximately $18.5 million in the three- and nine-month periods. In August 2026, SkyWest sold its entire Contour Airlines interest for a $25.0 million promissory note. At September 30, 2026, the note receivable balance was $21.1 million. Nine-month operating cash flow was $567.615 million, versus $708.860 million.
SkyWest, Inc. reported Q2 2026 operating revenues of $1,102,751 thousand, up 6.5% year over year, driven by higher block hours and a 38.1% increase in prorate and charter flying revenue. Flying agreements revenue rose 7.8%, while lease, airport services and other revenue fell 19.9% on lower third‑party maintenance work.
Net income for the quarter was $100,700 thousand, with diluted EPS of $2.54, down from $2.91, as operating expenses grew 9.5%, led by higher salaries, fuel and airport‑related costs. Fuel expense for prorate and charter operations increased 120.6% as gallons purchased rose 43.0% and average price per gallon reached $4.45.
For the first six months of 2026, net cash provided by operating activities totaled $436,339 thousand. SkyWest ended June 30, 2026 with $81,407 thousand in cash and $519,572 thousand in marketable securities against $2,310,957 thousand of long‑term debt, and repurchased 1,615,756 shares for $149.9 million under its stock repurchase program.
SkyWest, Inc. reported solid first‑quarter 2026 results with modest growth. Total operating revenue rose to $1.01 billion from $948.5 million a year earlier, driven by more flying under capacity purchase agreements and strong growth in prorate and charter flying.
Net income was $101.7 million, slightly above $100.6 million last year, and diluted EPS increased to $2.50 from $2.42. Operating income declined to $123.7 million as expenses grew faster than revenue, mainly from higher salaries, fuel, airport‑related costs and pilot training.
SkyWest generated $144.5 million in operating cash flow and ended the quarter with $65.8 million in cash and $561.4 million in marketable securities. The company repurchased 782,900 shares for $75.3 million and carried total long‑term debt of about $2.4 billion supporting a fleet of 500 contracted aircraft.
SkyWest, Inc. reported higher Q3 2025 results. Total operating revenues were $1,050,029k, up from $912,786k a year ago, driven by flying agreements of $1,011,284k and lease, airport services and other revenue of $38,745k. Operating income rose to $174,143k versus $131,435k. Net income increased to $116,358k with diluted EPS of $2.81, compared to $2.16.
Year to date, operating revenues reached $3,033,711k and operating cash provided was $708,860k. The company ended the quarter with cash and cash equivalents of $44,528k and marketable securities of $708,831k. Total long-term debt (including current portion) decreased to $2,401,753k from $2,692,619k, while the average effective interest rate was approximately 4.3%. SkyWest repurchased 580,257 shares for $57.6 million under its program, leaving $240.0 million authorized. The company reported 498 aircraft in scheduled service or under contract and firm commitments for 74 E175 aircraft, with total commitments and obligations of $5,292,084k.