SkyWest, Inc. filings document a Utah-incorporated regional aviation company with no-par-value common stock registered on the Nasdaq Global Select Market under SKYW. Recent Form 8-K reports furnish quarterly and annual financial results, including operating results and financial condition exhibits tied to SkyWest's regional airline and leasing businesses.
Proxy and annual meeting filings disclose board elections, shareholder voting matters, executive compensation and governance procedures. The filing record also provides formal disclosure around recurring results releases and shareholder voting outcomes.
SkyWest, Inc. reported Q1 2026 net income of $102 million, or $2.50 per diluted share, slightly above Q1 2025 net income of $101 million, or $2.42 per diluted share. Results included a $12 million discrete income tax benefit versus the prior year.
Revenue reached $1.0 billion, up 7% from $948 million, as block hour production rose 3% on higher fleet utilization. Operating expenses increased 10% to $889 million, driven by higher direct operating and pilot training costs, reducing operating income to $124 million from $139 million.
SkyWest ended March 31, 2026 with $627 million in cash and marketable securities and $2.4 billion in total debt, essentially flat to year-end. The company spent $102 million on capital expenditures and repurchased 783,000 shares for $75 million. The fleet totaled 500 aircraft, and SkyWest outlined CRJ200-to-CRJ450 upgrades and delivery plans for up to 69 additional E175s through “thereafter.”
SkyWest Inc ownership update: The Vanguard Group filed Amendment No. 14 to a Schedule 13G/A reporting that, after an internal realignment, the filing entities hold 0 shares and report 0% beneficial ownership of SkyWest Inc common stock. The amendment explains subsidiaries now report separately in reliance on SEC Release No. 34-39538.
The filing lists The Vanguard Group's address and is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026.
SkyWest, Inc. is holding a virtual Annual Meeting of Shareholders on May 5, 2026, where investors will vote on seven director nominees, an advisory say-on-pay proposal, ratification of Ernst & Young LLP as auditor for 2026, and a shareholder proposal the Board recommends voting against.
The Board urges shareholders to vote in line with its recommendations and explains detailed voting, quorum and broker non-vote mechanics for record holders of 40,178,237 shares as of March 5, 2026. The proxy also describes governance practices, board and committee structure, ESG oversight and an incentive-heavy pay program. For 2025, named executives earned 197.5% of target annual cash incentives based on strong adjusted pre-tax earnings and operational metrics, and 2023 performance share awards vested at 250% of target after three years of high free cash flow, adjusted EBITDA and on-time performance.
SKYWEST INC President & CEO Russell A. Childs reported a bona fide charitable gift of 24,879 shares of Common Stock for no consideration. This gift is classified as a disposition and left him with 396,690 shares of direct ownership.
He also reported indirect ownership of 12,702 shares held through a 401(k) plan. The filing does not show any open-market purchases or sales, only this charitable transfer and the updated direct and indirect share balances.
SkyWest Inc.'s chief commercial officer Wade J. Steel reported an open-market sale of 20,629 shares of common stock. The sale occurred on February 24, 2026 at a weighted average price of $106.5281 per share, with individual sale prices ranging from $106.50 to $106.88.
After this transaction, Steel directly held 77,438 SkyWest shares and indirectly held 10,451 shares through a 401(k) plan. The filing notes that detailed breakdowns of shares sold at each specific price within the range are available from the issuer upon request.
SkyWest, Inc. affiliate notice of proposed sale of common stock. The filing lists a proposed sale of common shares through Charles Schwab & Co., Inc. and reports a prior sale of 7,371 common shares by Wade J. Steel on 02/18/2026.
SkyWest Inc. chief commercial officer Wade J. Steel reported multiple stock transactions. He sold 7,371 shares of common stock in open‑market trades on February 18, 2026 at weighted average prices of $106.8864 and $108.4880, with actual sale prices ranging from $106.50 to $107.385 and from $108.04 to $108.88.
Steel also made a charitable transfer and retained a sizable stake. On February 17, 2026, he disposed of 5,700 shares as a bona fide charitable gift for no consideration. After these moves, he directly owned 98,067 shares and indirectly held 10,451 shares through a 401(k) plan.
SKYW filed a Form 144 reporting proposed sales of common stock. The filing lists specific proposed dispositions including 2,488 shares tied to a 02/10/2025 performance award lapse and 4,883 shares tied to a 02/07/2026 performance award lapse.
SkyWest, Inc. filed its annual report describing a large U.S. regional airline that flies primarily for United, Delta, American and Alaska under long-term code‑share agreements. As of December 31, 2025, it operated about 2,260 daily departures with 487 aircraft in scheduled service out of a 637‑aircraft fleet.
The company reported $782.5 million of available liquidity, including $706.9 million in cash, cash equivalents and marketable securities and $75.6 million available on a credit line. It carries about $2.4 billion of long‑term debt and firm orders for 69 E175 aircraft totaling $2.3 billion, highlighting significant future capital commitments.
SkyWest depends heavily on fixed‑fee capacity purchase agreements, which provided roughly 84% of 2025 flying‑agreement revenue, and on relationships with its four major partners, particularly United and Delta. Key risks include pilot and mechanic availability, potential changes to partner strategies or scope clauses, regulatory and cybersecurity exposure, and fuel‑price risk on prorate and charter flying.