SkyWest Earnings Call Transcripts
Fiscal Year 2026
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The meeting covered director elections, executive compensation, auditor ratification, and a shareholder labor rights proposal, which was not approved. Strategic focus remains on core business growth and workforce engagement. No shareholder questions were received.
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Q1 2026 net income rose to $102M with strong fleet utilization and 7% revenue growth year-over-year. Guidance for 2026 EPS is around $11, slightly down due to higher fuel costs, while debt reduction and fleet expansion continue.
Fiscal Year 2025
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Q4 2025 net income reached $91M, with full-year net income at $428M and strong operating leverage. Multiyear contract extensions with United and Delta secure revenue stability, while 2026 guidance calls for mid-single-digit block hour growth and EPS in the mid-$11 range.
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Q3 2025 saw strong revenue and net income growth, driven by robust demand and operational execution. Fleet flexibility was enhanced with new E175 orders and extended CRJ-200 contracts, while free cash flow supported debt reduction and share buybacks. Guidance points to continued EPS and block hour growth in 2026.
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Q2 2025 net income reached $120M on 19% revenue growth year-over-year, with robust demand and strong block hour increases. Fleet flexibility and capital strength position the company well despite tariff and supply chain risks.
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Q1 2025 net income reached $101 million with 18% revenue growth year-over-year, driven by strong demand and improved fleet utilization. Guidance calls for 12%-13% block-hour growth and EPS in the low to mid $9 range for 2025, with continued investment in fleet and capital returns.
Fiscal Year 2024
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Reported strong Q4 and full-year earnings with 26% revenue growth year-over-year, expanded long-term fleet agreements, and expects 12% block hour growth in 2025. Balance sheet strengthened by debt reduction and share repurchases, with robust demand and stable pilot supply supporting optimistic outlook.
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Q3 2024 saw net income of $90M and 19% revenue growth year-over-year, driven by strong demand, improved pilot staffing, and new multi-year fleet agreements. CapEx and maintenance costs are rising as more aircraft return to service, with robust outlook for 2025.
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Q2 2024 net income reached $76 million on 19% revenue growth year-over-year, with strong demand in regional and underserved markets. Block hours and fleet utilization are set to rise, though maintenance costs will increase as more aircraft return to service.