The YoY earnings decline and revenue miss are tempered by a strong buyback authorization and a new fleet deal with American Airlines. Monitor the conference call for commentary on fuel cost trends and fleet utilization guidance for the second half of 2026.
Price Chart
Executive Summary
SkyWest reported Q2 2026 EPS of $2.54, essentially in line with the $2.55 consensus, on revenue of $1.10B, slightly below the $1.12B estimate. Net income fell 16% YoY to $101M from $120M, driven by higher fuel costs and operating expenses. The Board approved a $250M increase to the buyback program, and the company secured a deal for 11 new E175s for American Airlines, but the YoY earnings decline and revenue miss cap the sentiment as mixed.
Key Financial Metrics
Key Facts
- Q2 2026 EPS of $2.54 vs $2.55 consensus (in-line)
- Q2 2026 revenue of $1.10B vs $1.12B consensus (slight miss)
- Net income fell 16% YoY to $101M from $120M
- Board approved a $250M increase to the stock repurchase program, bringing total authorization to ~$313M
- Secured agreement to purchase and operate 11 new E175 aircraft for American Airlines
- Total debt reduced to $2.3B from $2.4B at year-end 2025
Financial Impact
Q2 2026 net income of $101M, down 16% YoY from $120M; operating income fell to $156M from $170M YoY
Risk Factors
- Higher fuel costs continue to pressure prorate business margins
- Operating expenses grew 9% YoY, outpacing 7% revenue growth
- Cash and marketable securities declined to $601M from $707M at year-end 2025
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-086251 |
| Document: skyw-20260723x8k.htm | 0001104659-26-086251 |
| Document: 0001104659-26-086251-index-headers.html | 0001104659-26-086251 |
| Document: 0001104659-26-086251-index.html | 0001104659-26-086251 |
| Document: 0001104659-26-086251.txt | 0001104659-26-086251 |
| 8-K Data (Synthetic) | 0001104659-26-086251 |
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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