EPS matched consensus while revenue slightly missed, but the 6% revenue growth and 4.5% block hour increase show steady operational momentum. Watch for the pace of E175 fleet expansion and debt levels as capital expenditures continue for aircraft purchases.
Price Chart
Executive Summary
SkyWest reported Q3 2026 diluted EPS of $3.08 on revenue of $1.117 billion, versus consensus estimates of $3.07 and $1.14 billion. Revenue grew 6% YoY to $1.117 billion, while net income rose to $120 million from $116 million in Q3 2025. The company took delivery of four new E175 aircraft for United Airlines and repurchased $75 million in stock during the quarter.
Key Financial Metrics
Key Facts
- Q3 2026 diluted EPS of $3.08, up from $2.81 in Q3 2025
- Q3 2026 revenue of $1.117 billion, up 6% from $1.050 billion in Q3 2025
- Net income of $119.5 million versus $116.4 million in Q3 2025
- Block hour production increased 4.5% YoY to 401,727 hours
- Cash and marketable securities at $569 million, down from $707 million at Dec 2025
- Total debt of $2.4 billion, flat vs Dec 2025; $187 million in new debt issued in Q3
- Repurchased 738,000 shares for approximately $75 million in Q3 2026
- Revised estimated useful life of E175 fleet to 30 years, reducing depreciation expense
- Took delivery of four new E175 aircraft for United Airlines in Q3 2026
- Anticipates over 300 E175 aircraft in fleet by end of 2027
Financial Impact
Revenue $1.117B vs consensus $1.14B (slight miss); EPS $3.08 vs consensus $3.07 (in-line); net income up 2.7% YoY
Risk Factors
- Higher fuel costs in prorate business negatively impacted results vs prior year
- Cash and marketable securities declined $138 million from Dec 2025 to $569 million
- New debt of $187 million issued in Q3 2026, increasing total debt to $2.4 billion
- Passenger load factor declined 3.0 percentage points YoY to 81.0%
- Passengers carried decreased 3.6% YoY despite higher block hours
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-120182 |
| Document: skyw-20261029x8k.htm | 0001104659-26-120182 |
| Document: 0001104659-26-120182-index-headers.html | 0001104659-26-120182 |
| Document: 0001104659-26-120182-index.html | 0001104659-26-120182 |
| Document: 0001104659-26-120182.txt | 0001104659-26-120182 |
| 8-K Data (Synthetic) | 0001104659-26-120182 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | Institutional Cluster | $82.63 | awaiting T+60 | awaiting T+60 | $82.33 (−0.36%) |
Oct 29, 2026 3d ago | 8-K | $94.56 | awaiting T+60 | awaiting T+60 | $82.33 (−12.94%) |
Aug 5, 2026 12w ago | Insider Cluster | $113.44 $82.33 | ▲ +27.42% | ▲ +25.75% | $82.33 (+27.42%) |
Jul 31, 2026 13w ago | Insider Cluster | $111.38 $96.10 | ▼ −13.72% | ▼ −15.50% | $82.33 (−26.08%) |
Jul 23, 2026 14w ago | 8-K | $103.65 $90.45 | ▼ −12.74% | ▼ −16.46% | $82.33 (−20.57%) |
Apr 23, 2026 27w ago | 8-K | $86.09 $95.17 | ▲ +10.55% | ▲ +5.47% | $82.33 (−4.37%) |
Mar 25, 2026 31w ago | DEFA14A | $93.98 $92.81 | ▼ −1.24% | ▼ −15.19% | $82.33 (−12.40%) |
US Market Status
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