Monitor next quarter for sustainability of earnings growth after excluding the $12 million tax benefit, and watch for margin pressure from rising pilot training costs. The CRJ450 conversion could improve unit economics on United routes.
Price Chart
Executive Summary
SkyWest reported Q1 2026 net income of $101.7 million ($2.50 diluted EPS) on $1.013 billion revenue, beating consensus EPS of $2.17 by 15.2%. Revenue rose 7% YoY on 3% higher block hours. Results included a $12 million tax benefit ($0.29/share). The company repurchased $75 million in stock and will convert CRJ200 aircraft to dual-class CRJ450s.
Key Financial Metrics
Key Facts
- Q1 2026 diluted EPS of $2.50 beat consensus of $2.17 by 15.2%
- Revenue of $1.013 billion up 7% YoY from $948.5 million
- Net income of $101.7 million included $12 million discrete tax benefit ($0.29/share)
- Operating income decreased 11.2% YoY to $123.7 million despite revenue growth
- Repurchased 783,000 shares for $75 million at $96.18 average price
- Announced conversion of CRJ200 fleet to dual-class CRJ450 configuration
Financial Impact
EPS beat of $0.33 (15.2%) on revenue beat of $20.6 million (2.1%) with $12 million one-time tax benefit
Risk Factors
- Operating expenses grew faster than revenue (10% vs 7%)
- Operating income declined despite revenue growth
- Tax benefit was non-recurring
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-047674 |
| Document: skyw-20260423x8k.htm | 0001104659-26-047674 |
| Document: 0001104659-26-047674-index-headers.html | 0001104659-26-047674 |
| Document: 0001104659-26-047674-index.html | 0001104659-26-047674 |
| Document: 0001104659-26-047674.txt | 0001104659-26-047674 |
| 8-K Data (Synthetic) | 0001104659-26-047674 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 5, 2026 8w ago | Insider Cluster | $115.94 $94.96 | ▲ +18.10% | ▲ +17.49% | $96.43 (+16.83%) |
Jul 31, 2026 8w ago | Insider Cluster | $111.38 $94.66 | ▼ −15.01% | ▼ −16.25% | $96.43 (−13.42%) |
Jul 23, 2026 10w ago | 8-K | $103.65 $101.09 | ▼ −2.47% | ▼ −6.10% | $96.43 (−6.97%) |
Apr 23, 2026 23w ago | 8-K | $86.09 $84.75 | ▼ −1.56% | ▼ −5.58% | $96.43 (+12.01%) |
Mar 25, 2026 27w ago | DEFA14A | $93.98 $86.09 | ▼ −8.40% | ▼ −19.06% | $96.43 (+2.61%) |
US Market Status
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