SKYW

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. SkyWest (SKYW) has just combined a second quarter earnings update with a larger share repurchase authorization, giving investors fresh information on profitability, capital returns and how management is positioning the regional airline business. See our latest analysis for SkyWest. The latest earnings and expanded buyback have arrived alongside a strong run in SkyWest’s stock, with a 1 day share price return of 6.41% and a 90 day share price return of 33.10%. Over a longer horizon, the 1 year total shareholder return declined 6.15%, while the 5 year total shareholder return is up 175.52%. This combination highlights recent share price strength as well as substantial longer term gains. If the market reaction to SkyWest has you looking for other potential opportunities, this could be a good moment to broaden your search and check out 18 top founder-led companies SkyWest combines a solid regional franchise, active aircraft investment and a sizeable buyback, but the stock has already moved sharply. The real task now is judging whether that quality is still sensibly priced. SkyWest’s most followed narrative places fair value at $121.50, compared with the latest $110.29 close, framing the stock as modestly discounted by that framework. Read the complete narrative. Read the complete narrative. Want to understand why this narrative still supports upside from today’s price? The answer sits in measured revenue growth, firmer margins and a future earnings multiple that needs to do some heavy lifting. Result: Fair Value of $121.50 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, SkyWest’s story can change quickly if the pilot shortage worsens or if key capacity purchase agreements are cut back or repriced on tougher terms. Find out about the key risks to this SkyWest narrative. If the overall SkyWest picture seems mixed, you may want to weigh both sides for yourself by reviewing the 3 key rewards and 1 important warning sign Do not stop with SkyWest alone. Broaden your watchlist now so you are not looking back later wishing you had checked a few more ideas. Target steadier compounders by reviewing companies in the 84 resilient stocks with low risk scores that aim to balance growth potential with more resilient risk profiles. Hunt for quality at sensible prices by scanning the 51 high quality undervalued stocks where solid fundamentals and compressed valuations come together. Spot future standouts early by focusing on the screener containing 20 high quality undiscovered gems before wider market attention and heavier trading volumes arrive. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SKYW. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

SkyWest, Inc SKYW reported a narrower-than-expected result in the second-quarter of 2026, wherein both earnings and revenues missed the Zacks Consensus Estimate. However, the result had a positive impact on the market. The stock has gained 7.7% since its earnings release on July 23. Image Source: Zacks Investment Research Quarterly earnings per share (EPS) of $2.54 missed the consensus mark of $2.70 and declined 12.7% year over year. Revenues of $1.103 billion missed the Zacks Consensus Estimate of $1.106 billion and improved 6.5% year over year. Revenues from flying agreements (contributing 96.5% to the top line) rose 7.8% year over year to $1.06 billion. The airline carried 1.3% fewer passengers in the reported quarter on a year-over-year basis. Departures increased 2.3% on a year-over-year basis. The passenger load factor (percentage of seats filled by passengers) fell 2.2 points to 80.6%. SkyWest, Inc. price-consensus-eps-surprise-chart | SkyWest, Inc. Quote Concurrent with its second-quarter 2026 results, SkyWest intends to purchase and operate 11 new E175 aircraft under a multiyear flying contract for American Airlines AAL. The 11 new E175 aircraft are expected to replace 11 CRJ700s. SkyWest is currently flying under contract with American. During the first half of 2026, the company took delivery of two E175 aircraft, one each for Alaska Airlines (ALK) and United Airlines (UAL). By the end of 2027, SKYW anticipates having 300 E175 aircraft in its fleet. As previously announced, SkyWest entered into a purchase agreement with Embraer, which secures delivery positions for 33 additional E175s from 2028 through 2032 for potential future flying opportunities. The company’s purchase agreement with Embraer also includes purchase rights for 50 additional E175s, as previously announced. Operating expenses were $947 million, up 9% year over year, owing to an expected rise in incremental direct operating costs associated with increased production in the reported quarter and higher pilot training costs. At the end of the second quarter, the company had cash and marketable securities of $6 million compared with $707 million at the December-quarter end of 2025. Long-term debt (net of current maturities) was $1.64 billion compared with $1.85 billion reported at the end of the fourth quarter of 2025. Capital expenditures during the reported quarter were $139 million, including the purchase of one new E175 aircraft, spare engines and other fixed assets. SkyWest repurchased 783,000 shares for $75 million during the first quarter of 2026. As of March 31, 2026, SkyWest had $138 million available under its current share repurchase program. SkyWest repurchased 833,000 shares of its common stock for approximately $75 million during the second quarter of 2026 at an average price of $89.55 per share. During the first half of 2026, SkyWest repurchased 1.6 million shares of its common stock for $150 million. As of June 30, 2026, SkyWest had approximately $63 million of remaining availability under its existing stock repurchase program. As announced today, SkyWest’s board of directors approved a $250 million increase to the existing stock repurchase program. Currently, SKYW carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Westinghouse Air Brake Technologies WAB, operating as Wabtec Corporation, reported encouraging second-quarter 2026 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate and increased year over year. Quarterly adjusted earnings of $2.76 per share beat the Zacks Consensus Estimate of $2.63 by 4.9% and increased 21.6% year over year, owing to higher sales and operating margin expansion. Revenues climbed 17.5% to $3.18 billion and surpassed the consensus mark of $3.08 billion by 3.2%. United Airlines Holdings, Inc. UAL reported second-quarter 2026 adjusted earnings of $1.99 per share, down 48.6% year over year but above the Zacks Consensus Estimate of $1.92 by 3.7%. Operating revenues rose 16% to $17.67 billion and were essentially in line with the $17.68 billion consensus mark. A 12.1% increase in total revenues per available seat mile or TRASM, and broad-based gains across premium, loyalty and cargo revenues, supported the top line despite sharply higher fuel costs. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SkyWest, Inc. (SKYW) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Wabtec (WAB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Earlier this month, SkyWest, Inc. reported second-quarter 2026 results showing revenue of US$1,102.75 million and net income of US$100.7 million, alongside lower earnings per share than a year ago. At the same time, SkyWest continued to buy back its own stock, completed repurchases of 7,291,719 shares for US$437.22 million, and expanded its authorization by an additional US$250 million. We will now examine how SkyWest’s softer earnings alongside its expanded US$750 million repurchase authorization could influence its investment narrative. Rare earth metals are an input to most high-tech devices, military and defence systems and electric vehicles. The global race is on to secure supply of these critical minerals. Beat the pack to uncover the 29 best rare earth metal stocks of the very few that mine this essential strategic resource. To own SkyWest, you need to believe regional air travel can support steady contract revenue while the company manages pilot costs, fuel, and fleet spending. The latest quarter showed higher revenue but softer earnings, so near term the key catalyst remains execution on its flying contracts and fleet mix, while the biggest risk is ongoing cost pressure, particularly from labor and maintenance. The new results and announcements do not appear to materially change those priorities in the short run. The most relevant update is SkyWest’s decision to expand its stock repurchase authorization to US$750 million after buying back over 7.29 million shares since 2023. This sits alongside its plan to operate 11 new E175 aircraft for American Airlines, which ties directly into the catalyst of fleet modernization and contract flying. Together, these moves shape how investors think about per share earnings, capital allocation, and the durability of SkyWest’s contract driven model over time. But despite the larger buyback, investors should be aware that rising maintenance and labor costs could still... Read the full narrative on SkyWest (it's free!) SkyWest's narrative projects $4.7 billion revenue and $522.6 million earnings by 2029. Uncover how SkyWest's forecasts yield a $121.50 fair value, a 17% upside to its current price. Some of the most pessimistic analysts were assuming earnings of about US$524.7 million by 2029 and only modest revenue growth, which is far more cautious than the consensus and could look different once SkyWest’s recent earnings miss and heavy buybacks are fully reflected. Explore 3 other fair value estimates on SkyWest - why the stock might be worth over 3x more than the current price! Don't just follow the ticker - dig into the data and build a conviction that's truly your own. A great starting point for your SkyWest research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision. Our free SkyWest research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate SkyWest's overall financial health at a glance. Markets shift fast. These stocks won't stay hidden for long. Get the list while it matters: The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 16 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement. The future of work is here. Discover the 34 top robotics and automation stocks leading the charge in AI-driven automation and industrial transformation. AI is about to change healthcare. These 40 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SKYW. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Reported net income of $101 million driven by increased block hours and robust demand across both contract and prorate flying segments. Successfully offset approximately 60% of the impact from higher fuel costs in the prorate business through passenger fare increases similar to major partners. Announced a strategic agreement with American Airlines to purchase and operate 11 new E175s, replacing 11 older CRJ700s to enhance fleet efficiency. Transitioning toward an all dual-class fleet by converting CRJ700s to CRJ550s and introducing CRJ450 service for United this fall. Leveraged strong free cash flow to reduce debt by $1 billion since late 2022, significantly improving leverage metrics relative to industry peers. Maintained high operational reliability with a 99.9% adjusted completion rate on nearly 228,000 flights during the quarter. Growth strategy remains focused on three pillars: solid E175 order books with major partners, underserved community prorate expansion, and fleet conversions. The company anticipates full-year 2026 GAAP EPS in the $11 range, subject to ongoing prorate fuel volatility and assuming average jet fuel prices of $3.65 per gallon for the second half of the year. The company projects an approximately 5% increase in total block hour production for 2026 compared to 2025, driven by fleet additions and strong partner demand. Expect to reach a total of 300 E175 aircraft by the end of 2027, solidifying SkyWest's position as the world's largest operator of the type. Strategic target to have over 100 unencumbered E175s by the end of 2029 as part of a long-term initiative to delever and derisk the balance sheet. Planned capital expenditures of approximately $700 million for 2026, with about half of that total focused on 13 new E175 deliveries. Recognized $27 million of previously deferred revenue this quarter, with $214 million remaining to be recognized in future periods. Ongoing challenges in the third-party MRO network, including labor and part shortages, are expected to keep maintenance expenses consistent with 2025 levels. The Delta-owned CRJ900 fleet will gradually return to Delta over the next couple of years, partially offsetting growth from new E175 deliveries. Board approved a $250 million increase to the stock repurchase program, reflecting confidence in ongoing free cash flow generation. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management expects E175 profitability to be consistent with the existing fleet, while the displaced CRJ700s will be redeployed into prorate, contract, or leasing opportunities. The transition supports the broader goal of moving toward a more efficient, all dual-class operational model. Demand remains very strong despite fuel volatility; the company is seeing a more stable environment for fare adjustments compared to earlier in the year. The prorate segment is currently growing faster than the contract side, though management intends to maintain a balanced growth approach across all business lines. SkyWest secured year-end 2026 slots for American deliveries through creative coordination with Embraer; 2026 is now essentially at capacity. For 2027, the company has 17 firm deliveries scheduled, with 7 for American in the first half and 10 for Delta starting mid-year. The company maintains an opportunistic approach to buybacks, specifically targeting periods where management believes the stock is mispriced. Strong free cash flow allows for a simultaneous strategy of fleet investment, debt reduction, and shareholder returns.

This article first appeared on GuruFocus. Net Income: $101 million or $2.54 per diluted share for Q2 2026. Revenue: $1.1 billion, up 9% from Q1 2026 and 7% from Q2 2025. Contract Revenue: $864 million. Prorate and Charter Revenue: $201 million. Leasing and Other Revenue: $38 million. Deferred Revenue Recognized: $27 million in Q2 2026. Prorate Fuel Expense: $61 million in Q2 2026, up from $28 million in Q2 2025. Cash Balance: $601 million at the end of Q2 2026. Debt Repayment: $122 million repaid in Q2 2026. Capital Expenditures (CapEx): $139 million in Q2 2026. Share Repurchase: 833,000 shares bought back for $75 million in Q2 2026. EBITDA: Over $460 million generated in the first half of 2026. Debt Reduction: Total debt reduced by approximately $100 million since the end of 2025. Expected CapEx for 2026: Approximately $700 million. Expected GAAP EPS for 2026: Approximately $11. Block Hour Production: Expected to be up approximately 5% from 2025. Effective Tax Rate: Approximately 27% to 28% for Q3 and Q4 2026. New E175 Deliveries: 11 expected in the second half of 2026. Fleet Expansion: 34 new E175s by the end of 2028. CRJ550 and CRJ450 Initiatives: Continued success and expansion. Warning! GuruFocus has detected 2 Warning Sign with NEM. Is SKYW fairly valued? Test your thesis with our free DCF calculator. Release Date: July 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. SkyWest Inc (NASDAQ:SKYW) reported a net income of $101 million or $2.54 per diluted share for the second quarter of 2026, indicating strong financial performance. The company achieved a 99.9% adjusted completion rate on nearly 228,000 flights, showcasing operational efficiency. SkyWest Inc (NASDAQ:SKYW) announced an agreement with American Airlines to purchase and operate 11 new E175s, with deliveries beginning this year, enhancing their fleet. The company continues to generate strong free cash flow, which is directed towards fleet growth opportunities, debt reduction, and share repurchase. SkyWest Inc (NASDAQ:SKYW) has reduced its total debt by approximately $100 million since the end of 2025, reflecting a strong balance sheet and financial discipline. Higher fuel costs have impacted the company's prorate business, although strong demand has offset about 60% of this impact. The company faces challenges in its third-party MRO network, including labor and parts shortages, which could affect maintenance expenses. SkyWest Inc (NASDAQ:SKYW) anticipates ongoing volatility in prorate fuel costs, which could impact future earnings. The company has a significant capital expenditure planned for 2026, approximately $700 million, which could affect cash flow. There is uncertainty regarding the placement of CRJ700s and CRJ900s returning from lease, which could impact future profitability. Q: Given the recent volatility in fuel prices, are there any changes in your conversations with partners or strategies for the prorate segment? A: Russell Childs, President and CEO, noted that despite the volatility, SkyWest is in a more stable position now. There is strong demand for block hours, and the company is having productive conversations with partners to enhance value. Q: With the replacement of 11 CRJ700s at American with E175s, should we expect an improvement in profitability? A: Wade Steel, Chief Commercial Officer, confirmed that the E175s are expected to be consistent in profitability with other fleets. The CRJ700s will be repurposed through contract leasing or conversion to CRJ550s, maintaining strong demand. Q: How will the additional 11 E175s affect your debt profile, given the revised CapEx for 2026? A: Robert Simmons, CFO, explained that while new debt will be added for the E175s, the overall trend is towards reducing debt over the next several years. The CapEx of $700 million includes the acquisition of 13 new E175s. Q: Can you provide insights into the demand trends for the prorate business and how consumers are reacting to fare increases? A: Russell Childs, President and CEO, stated that demand remains strong, even with seasonal fluctuations. The company is transitioning to an all dual-class fleet, which is expected to positively impact prorate demand. Q: How should we think about the pacing of the share buyback program going forward? A: Robert Simmons, CFO, mentioned that the buyback strategy is balanced and opportunistic, considering factors like stock price and CapEx. The company has been able to buy back shares while also investing in fleet and reducing debt. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

SkyWest (SKYW) came out with quarterly earnings of $2.54 per share, missing the Zacks Consensus Estimate of $2.7 per share. This compares to earnings of $2.91 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -5.93%. A quarter ago, it was expected that this regional airline would post earnings of $2.15 per share when it actually produced earnings of $2.21, delivering a surprise of +2.79%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. SkyWest, which belongs to the Zacks Transportation - Airline industry, posted revenues of $1.1 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.29%. This compares to year-ago revenues of $1.04 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. SkyWest shares have lost about 4.7% since the beginning of the year versus the S&P 500's gain of 9.6%. While SkyWest has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for SkyWest was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.19 on $1.15 billion in revenues for the coming quarter and $10.88 on $4.37 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Airline is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Bristow Group (VTOL), has yet to report results for the quarter ended June 2026. This provider of helicopter transportation services is expected to post quarterly earnings of $0.84 per share in its upcoming report, which represents a year-over-year change of -21.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Bristow Group's revenues are expected to be $408.72 million, up 8.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SkyWest, Inc. (SKYW) : Free Stock Analysis Report Bristow Group Inc. (VTOL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in SkyWest, Inc.? Here are five stocks we like better. SkyWest posted solid Q2 results with net income of $101 million, or $2.54 per share, as stronger flying demand and higher block hours offset some fuel pressure. Revenue rose to $1.1 billion, and the company expects full-year 2026 EPS to be in the “$11 area.” The company is expanding its fleet through an agreement with American Airlines for 11 new Embraer E175s, with deliveries in 2026 and 2027. SkyWest now has 67 future E175s on firm order and expects its E175 fleet to reach 300 aircraft by the end of 2027. Capital returns and balance-sheet management remain active, as SkyWest repurchased $75 million of stock in Q2 and got board approval for an additional $250 million buyback authorization. The company also said it reduced debt, continues to invest heavily in fleet growth, and expects about $700 million in capex for 2026. Does Delta's Descent To Its 50-Day Line Offer A Buy Opportunity? SkyWest (NASDAQ:SKYW) reported second-quarter 2026 net income of $101 million, or $2.54 per diluted share, as stronger flying demand helped offset higher fuel costs in its prorate business, executives said on the company’s earnings call. President and Chief Executive Officer Chip Childs said the quarter reflected increased block hours and “very strong demand both in our contract and pro-rate flying despite a higher fuel cost.” He said demand allowed the company to offset about 60% of the fuel impact in the fare portion of its prorate business. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? During the quarter, SkyWest operated nearly 228,000 flights and delivered a 99.9% adjusted completion rate, Childs said. Executives also emphasized the company’s fleet growth plans, including a new agreement with American Airlines for 11 Embraer E175 aircraft, and a $250 million increase to SkyWest’s existing stock repurchase authorization. Chief Financial Officer Robert Simmons said SkyWest generated second-quarter GAAP pre-tax income of $139 million, up 29% from the first quarter. Total revenue was $1.1 billion, up 9% from the first quarter of 2026 and up 7% from the second quarter of 2025. → 3 Photonics Companies Making Quantum Tech Possible Second-quarter revenue included $864 million of contract revenue, $201 million of prorate and charter revenue, and $38 million of leasing and other revenue. Simmons said the results included $27 million of previously deferred revenue recognized during the quarter. SkyWest ended the quarter with $214 million of cumulative deferred revenue to be recognized in future periods. Fuel costs were a major headwind for the prorate business. Simmons said prorate fuel expense was $61 million in the second quarter, compared with $28 million in the year-earlier period. The $33 million increase reflected both higher fuel prices and increased prorate production. SkyWest’s prorate fuel price was $4.45 per gallon in the second quarter, up from $2.88 in the second quarter of 2025 and $3.40 in the first quarter of 2026. → AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off For the full year, Simmons said SkyWest expects block hour production to rise approximately 5% from 2025. The company anticipates GAAP earnings per share “in the $11 area” for 2026, subject to continued prorate fuel volatility. That outlook assumes an average jet fuel price of $3.65 per gallon for the second half of 2026 and 28 million gallons needed for the prorate business during that period. SkyWest announced an agreement with American Airlines for 11 new E175s, with deliveries scheduled in 2026 and 2027. Wade Steel, president and chief operating officer of SkyWest Airlines, said the aircraft are expected to replace 11 CRJ700s currently flown under contract with American. Steel said SkyWest expects to place those CRJ700s with one of its major partners through prorate agreements, capacity purchase agreements or traditional leases. He added that some could potentially be converted to CRJ550s for partners. SkyWest is scheduled to purchase the 11 E175s from Embraer. Four of the American aircraft are expected near the end of the fourth quarter of 2026, while the remaining seven are heavily weighted toward the first half of 2027, Steel said during the question-and-answer session. The company currently has 67 future E175s on firm order with Embraer, including 16 for Delta, 11 for American and seven for United. Steel said 34 of those aircraft are allocated to major partners, while 33 are not yet assigned. He said the order locks in delivery slots from 2027 through 2032, but includes flexibility to defer or terminate aircraft if SkyWest does not arrange for a partner to take them. With the American agreement, SkyWest’s E175 fleet is scheduled to reach 300 aircraft by the end of 2027, continuing its position as the largest E175 operator in the world, Steel said. Executives highlighted ongoing efforts to transition toward an all dual-class fleet. Steel said SkyWest is preparing to deploy the CRJ450 for United later this year and expects to convert four to six aircraft per month beginning this fall. The company expects to have 40 CRJ450s under contract with United and sees the opportunity potentially reaching 100 aircraft. SkyWest also continues to convert CRJ700s into CRJ550s. Steel said 36 CRJ550s were in service as of June 30, with the remaining 14 under a 50-aircraft United agreement expected to enter service this year. In prorate flying, Steel said demand remains “extremely strong,” supported by community engagement. SkyWest added 10 aircraft to prorate agreements during the quarter and is continuing to evaluate opportunities to restore service to underserved communities. The company is also operating eight aircraft under a reinitiated prorate agreement with American, with up to nine expected by year-end. Childs said the company continues to see strong demand even as seasonal trends point to some fall moderation. He also said the shift toward an all dual-class fleet should support the company’s long-term prorate strategy. SkyWest ended the quarter with $601 million in cash, down slightly from $627 million in the prior quarter. Simmons said the ending cash balance reflected $122 million of debt repayments, $24 million of new debt financing for fleet deliveries, $139 million in capital expenditures, and $75 million of share repurchases. The company repurchased 833,000 shares during the second quarter and had $63 million remaining under its existing authorization as of June 30. Simmons said the board approved an additional $250 million for share repurchases. Simmons said SkyWest generated more than $460 million of EBITDA in the first half of 2026, despite the fuel cost headwind. Since the end of 2025, the company reduced total debt by approximately $100 million, invested more than $240 million in fleet-related capital expenditures and repurchased $150 million of shares. For 2026, SkyWest expects approximately $700 million of capital expenditures. Simmons said about half of that amount relates to new E175 deliveries. The company expects to finance 11 new E175s this year, but still expects debt to trend lower over the next several years. Executives said the company plans to continue allocating free cash flow across fleet investment, debt reduction and opportunistic share repurchases. Simmons said SkyWest expects to have more than 100 unencumbered E175s by the end of 2029. During the question-and-answer portion of the call, analysts asked about the impact of fuel volatility on the prorate business. Childs said the company is in a “more stable position” than earlier in the year and continues to have constructive conversations with partners. Analysts also pressed for details on the placement of aircraft returning from American and from third-party leases. Steel said SkyWest is in discussions with major partners about placing the aircraft in contract, prorate or leasing arrangements. He described contract economics as consistent with existing agreements, while leasing can have higher margin attributes and prorate margins remain more variable. Asked about 2027 block hour growth, Steel said the company is still finalizing its plans and expects to provide more detail next quarter. SkyWest, Inc (NASDAQ: SKYW) is a regional airline holding company that provides air transportation services through its primary subsidiary, SkyWest Airlines. The company operates flights under capacity purchase agreements with major carriers such as United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. By specializing in regional connectivity, SkyWest links smaller communities to larger hubs using a fleet of regional jets and turboprop aircraft. Headquartered in St. George, Utah, SkyWest oversees all aspects of its airline operations, including flight scheduling, crew training and aircraft maintenance. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "SkyWest Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Q2 2026 pre-tax income of $139 million, a 29% increase from Q1 2026 with a 9% sequential increase in block hours SkyWest secured an agreement to purchase and operate 11 new E175 aircraft for American Airlines SkyWest’s Board of Directors approved a $250 million increase to its existing stock repurchase program SkyWest took delivery of one new E175 aircraft in Q2 2026 under a previously announced agreement with United Airlines ST. GEORGE, Utah, July 23, 2026--(BUSINESS WIRE)--SkyWest, Inc. (NASDAQ: SKYW) ("SkyWest") today reported financial and operating results for Q2 2026, including net income of $101 million, or $2.54 per diluted share, compared to net income of $120 million, or $2.91 per diluted share, for Q2 2025. The Q2 2026 financial results were negatively impacted by higher fuel cost per gallon in SkyWest’s prorate business compared to Q2 2025. Commenting on the results, Chip Childs, President and Chief Executive Officer of SkyWest, said, "Our block hour production outlook remains solid, as we prepare to invest in owning and operating 34 more E175s through the end of 2028. We believe that the fleet initiatives and investments we continue to make create long-term value and cash flow that benefits our people, our customers, and our shareholders. I want to thank our team for their steady, good work through an unusually volatile quarter." Financial Results Revenue was $1.1 billion in Q2 2026, up $68 million, or 7%, from $1.0 billion in Q2 2025. SkyWest’s Q2 2026 block hour production increased 5% compared to Q2 2025 and increased 9% compared to Q1 2026, which reflects higher fleet utilization and strong demand. Operating expenses were $947 million in Q2 2026, up $82 million, or 9%, from $865 million in Q2 2025, driven by an expected increase in incremental direct operating costs associated with higher production and an increase in the cost per gallon for prorate fuel in Q2 2026 compared to Q2 2025. Capital and Liquidity SkyWest had $601 million in cash and marketable securities at June 30, 2026, compared to $707 million at December 31, 2025. Total debt at June 30, 2026 was $2.3 billion, down from $2.4 billion at March 31, 2026 and December 31, 2025, reflecting $122 million in principal debt payments and $24 million in new debt issued during Q2 2026. Capital expenditures during Q2 2026 were $139 million for the purchase of one new E175 aircraft, spare engines, and other fixed assets. SkyWest repurchased 833,000 shares of its common stock for approximately $75 million during Q2 2026 at an average price per share of $89.55. During the first half of 2026, SkyWest repurchased 1.6 million shares of its common stock for $150 million. As of June 30, 2026, SkyWest had approximately $63 million of remaining availability under its existing stock repurchase program. As announced today, SkyWest’s Board of Directors approved a $250 million increase to the existing stock repurchase program. Commercial Agreements SkyWest secured an agreement to purchase and operate 11 new E175 aircraft under a multi-year flying contract for American Airlines ("American"). The 11 new E175 aircraft are expected to replace 11 CRJ700s SkyWest is currently flying under contract with American. SkyWest is scheduled to purchase the 11 E175s from Embraer with anticipated delivery dates in 2026 and 2027. The table below summarizes anticipated E175 aircraft deliveries during the periods indicated based on currently available information, which is subject to change. During the first half of 2026, SkyWest had two E175 aircraft deliveries, one for Alaska Airlines ("Alaska") and one for United Airlines ("United"), which are reflected in the table below. By the end of 2027, SkyWest anticipates having 300 E175 aircraft in its fleet. As previously announced, SkyWest entered into a purchase agreement with Embraer, which secures delivery positions for 33 additional E175s from 2028 through 2032 for potential future flying opportunities. SkyWest’s purchase agreement with Embraer also includes purchase rights for 50 additional E175s from Embraer, as previously announced. About SkyWest SkyWest, Inc. is the holding company for SkyWest Airlines, Inc., SkyWest Charter, LLC ("SWC") and SkyWest Leasing, Inc., an aircraft equipment leasing company. SkyWest Airlines has a fleet of approximately 500 aircraft connecting passengers to over 240 destinations throughout North America. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines, and Alaska Airlines carrying more than 46 million passengers in 2025. SkyWest will host its conference call to discuss its second quarter 2026 results today, July 23, 2026, at 2:30 p.m. Mountain Time. The conference call number is 1-888-330-2455 for domestic callers, and 1-240-789-2717 for international callers. Please call up to ten minutes in advance to ensure you are connected prior to the start of the call. The conference call will also be available live on the Internet at https://events.q4inc.com/attendee/759519720. This press release and additional information regarding SkyWest, including access information for the digital rebroadcast of the second quarter 2026 results call, participation at investor conferences and investor presentations can be accessed at inc.skywest.com. Forward-Looking Statements In addition to historical information, this release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "forecasts," "expects," "intends," "believes," "anticipates," "estimates," "should," "likely" and similar expressions identify forward-looking statements. Such statements include, but are not limited to, statements about the continued demand for our product, the effect of economic conditions on SkyWest’s business, financial condition and results of operations, SkyWest’s plans with respect to share repurchases, the timing of scheduled aircraft deliveries, including with respect to aircraft for which SkyWest holds firm delivery positions or purchase rights, the transition of the new E175 aircraft to replace existing aircraft in SkyWest’s fleet and the timing thereof, transition of SkyWest’s CRJ200 fleet to the CRJ450 configuration, fleet expansion and anticipated fleet size for SkyWest in upcoming periods, expected production levels in future periods, SkyWest’s coordination with major airline partners regarding the delivery of aircraft under previously announced agreements and timing of placing new aircraft deliveries into service, increasing the utilization and efficiency of all fleet types as well as SkyWest’s future financial and operating results, plans, objectives, expectations, estimates, intentions and outlook, including the ability to generate long-term value and cash flow that benefits SkyWest and its customers, people and shareholders, and other statements that are not historical facts. All forward-looking statements included in this release are made as of the date hereof and are based on information available to SkyWest as of such date. SkyWest assumes no obligation to update any forward-looking statements unless required by law. Readers should note that many factors could affect the future operating and financial results of SkyWest and could cause actual results to vary materially from those expressed in forward-looking statements set forth in this release. These factors include, but are not limited to: the challenges of competing successfully in a highly competitive and rapidly changing industry; developments associated with fluctuations in the economy and the demand for air travel, including related to inflationary pressures, and related decreases in customer demand and spending; uncertainty regarding potential future outbreaks of infectious diseases or other health concerns, and the consequences of such outbreaks to the travel industry, including travel demand and travel behavior, and our major airline partners in general and the financial condition and operating results of SkyWest in particular; the prospects of entering into agreements with existing or other carriers to fly new aircraft; uncertainty regarding timing and performance of key third-party service providers; ongoing negotiations between SkyWest and its major airline partners regarding their contractual obligations; uncertainties regarding operation of new aircraft; the ability to attract and retain qualified pilots, mechanics and other personnel in operations; the impact of regulatory issues such as pilot rest rules and qualification requirements; the ability to obtain aircraft financing; the financial stability of SkyWest’s major airline partners and any potential impact of their financial condition on the operations of SkyWest; fluctuations in flight schedules, which are determined by the major airline partners for whom SkyWest conducts flight operations; variations in market and economic conditions; significant aircraft debt commitments; estimated useful life of long-lived assets, residual aircraft values and related asset impairments; labor relations and costs; the impact of global instability; rapidly fluctuating fuel costs and potential fuel shortages; the impact of weather-related, natural disasters and other air safety incidents on air travel and airline costs; aircraft deliveries; uncertainty regarding ongoing international hostilities, including those between Russia and Ukraine, Israel and Hamas, and Israel, the United States and Iran, and the related impacts on macroeconomic conditions and on the international operations of any of our major airline partners as a result of such conflicts; the availability of parts used in connection with maintenance and repairs of the aircraft; the availability of suitable replacement aircraft for aging aircraft; the impact of enacted and proposed U.S. tariffs on global economic conditions and the financial markets, passenger demand, the cost of aircraft parts and supplies sourced internationally and the cost of service providers located outside of the United States; the impact of potential future U.S. government shutdowns on air traffic controller staffing, flight cancellations and federal Essential Air Service subsidies; the possibility that the stock repurchase program may be suspended or discontinued at any time; and other unanticipated factors. Risk factors, cautionary statements and other conditions which could cause SkyWest’s actual results to differ materially from management’s current expectations are contained in SkyWest’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. As of June 30, 2026, SkyWest leased 41 CRJ550s and one CRJ700 to third parties and had seven CRJ200s that are configured for service under SWC operations (these aircraft are excluded from the table above). Adjusted flight completion percent excludes weather cancellations. Raw flight completion includes weather cancellations. Supplemental Cash Flow Information SkyWest receives certain fixed monthly cash payments under its capacity purchase agreements ("CPAs") that are attributed to SkyWest’s overhead costs and certain fixed monthly cash payments associated with SkyWest’s aircraft ownership costs. Fixed payments allocated to the non-lease portion are recognized as revenue on a completed block hour basis over the applicable contract term. Fixed payments allocated to the lease portion are accounted for as lease revenue under the CPAs and are recognized on a straight-line basis over the applicable contract term. Fixed monthly cash payments received in excess of revenue recognized during the reporting period are recorded as deferred revenue and revenue recognized in excess of fixed monthly cash payments during the reporting period are recorded as unbilled revenue on SkyWest’s consolidated balance sheet. The following supplemental cash flow schedule summarizes the total revenue recognized in excess of the fixed monthly cash received during the indicated reporting periods and the cumulative difference as of June 30, 2026 and December 31, 2025 (dollars in thousands, unaudited). View source version on businesswire.com: https://www.businesswire.com/news/home/20260723720419/en/ Contacts Investor [email protected] Corporate [email protected]

Wall Street expects a year-over-year decline in earnings on higher revenues when JetBlue Airways (JBLU) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on July 28, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This airline is expected to post quarterly loss of $0.70 per share in its upcoming report, which represents a year-over-year change of -337.5%. Revenues are expected to be $2.7 billion, up 14.4% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 26.4% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For JetBlue, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%. On the other hand, the stock currently carries a Zacks Rank of #2. So, this combination makes it difficult to conclusively predict that JetBlue will beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that JetBlue would post a loss of$0.72 per share when it actually produced a loss of -$0.87, delivering a surprise of -20.83%. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. JetBlue doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Among the stocks in the Zacks Transportation - Airline industry, SkyWest (SKYW), is soon expected to post earnings of $2.7 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of -7.2%. This quarter's revenue is expected to be $1.11 billion, up 6.8% from the year-ago quarter. The consensus EPS estimate for SkyWest has been revised 0.5% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -5.56%. This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that SkyWest will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report SkyWest, Inc. (SKYW) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research