SKYWEST INC (SKYW) Form 10-Q — Jul 24, 2026
SkyWest reported total operating revenues of $1.1 billion for the three months ended June 30, 2026, a 6.5% increase compared to the prior year, but net income fell 16.3% to $100.7 million. The decline in profitability was primarily driven by a 120.6% surge in aircraft fuel expenses and increased pilot training costs, which outpaced revenue growth. Operating expenses increased by 9.5% in the second quarter, with fuel costs alone rising by $33.1 million due to higher volume and a significant increase in the average cost per gallon. Despite these cost pressures, the company grew its flying agreements revenue by 7.8%, supported by a 5.4% increase in block hours.
Key figures
- Eps
- 5.04
- Revenue
- 2115928000
- Net Income
- 202392000
- Total Debt
- 2310957000
- Cash Position
- 81407000
- Revenue Growth
- 6.7%
- Q2 revenue
- 1102751000
- Q2 net income
- 100700000
- Block hours 6m
- 759629
- Shares repurchased 6m
- 1615756
- Fuel expense increase 6m
- 91.5%
- Stock repurchase cost 6m
- 149900000
Price after filing
Close on the filing date to close N calendar days later (from $95.70). Historical, not a forecast.
AI analysis
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