Earnings Releases·Oct 29, 2026, 4:01 PM ET

SkyWest, Inc. — Third Quarter 2026 Earnings Summary

Q3 2026 revenue rose 6% year-over-year to $1.12 billion, while net income increased 3.4% to $120 million ($3.08 diluted EPS) and pre-tax income grew to $159 million.
The company executed a $75 million share repurchase program, leaving $238 million in remaining availability, while total debt remained flat at $2.4 billion.
Fleet modernization accelerated with the addition of 35 aircraft in Q3, bringing the total to 522; the E175 fleet grew to 276 units with secured delivery positions for 33 more through 2031.
Operational metrics showed a 5% year-over-year increase in block hours, though passenger volume declined 3.6% and load factor fell to 81.0% from 84.0% in the prior year period.
Strategic outlook includes anticipated E175 deliveries for United, Delta, and American through 2027, with over 300 E175s expected in the fleet by year-end 2027.