SkyWest (NASDAQ:SKYW) Issues Earnings Results, Beats Expectations By $0.01 EPS

SkyWest (NASDAQ:SKYW) issued its earnings results on Thursday. The transportation company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.01, FiscalAI reports. SkyWest had a return on equity of 15.55% and a net margin of 10.42%.The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the firm posted $2.91 EPS. SkyWest’s quarterly revenue was up 6.5% compared to the same quarter last year.

Here are the key takeaways from SkyWest’s conference call:

• SkyWest reported Q2 2026 net income of $101 million, or $2.54 per diluted share, on 9% sequential revenue growth to $1.1 billion, reflecting strong demand for both contract and pro-rate flying.
• The company announced a new American Airlines agreement for 11 E175s, with deliveries beginning in 2026, and said this supports its plan to reach 300 E175s by the end of 2027.
• Management said pro-rate demand remains very strong, and fare increases have offset about 60% of the higher fuel costs in that business during Q2.
• SkyWest continued to strengthen its balance sheet, ending Q2 with $601 million in cash, having reduced debt by about $1 billion since the end of 2022, and its board authorized an additional $250 million share repurchase program.
• Management guided to approximately 5% block hour growth for full-year 2026 and said full-year GAAP EPS should be around $11, though results remain sensitive to fuel-price volatility and fleet timing.

SkyWest Stock Up 5.8%

Shares of NASDAQ SKYW traded up $5.58 during mid-day trading on Friday, reaching $101.81. 88,049 shares of the company’s stock were exchanged, compared to its average volume of 373,063. SkyWest has a twelve month low of $77.89 and a twelve month high of $123.94. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 1.39 and a beta of 1.45. The business has a fifty day simple moving average of $91.58 and a 200 day simple moving average of $94.38.

Key Stories Impacting SkyWest

Here are the key news stories impacting SkyWest this week:

• Positive Sentiment: SkyWest reported Q2 2026 net income of $101 million, or $2.54 per share, showing the airline remains solidly profitable. SkyWest Announces Second Quarter 2026 Profit
• Positive Sentiment: Revenue rose 6.5% year over year to $1.10 billion, signaling continued demand and operational strength. SkyWest Q2 2026 Earnings Call
• Positive Sentiment: Management projected 2026 GAAP EPS in the “$11 area” and outlined about $700 million in capital spending, suggesting confidence in future growth and fleet investment. SkyWest projects 2026 GAAP EPS in the $11 area while outlining $700M CapEx
• Neutral Sentiment: The company beat one earnings estimate by a penny, but revenue came in slightly below consensus, making the quarter a mixed result overall. SkyWest Inc Q2 2026 Earnings Call Highlights
• Negative Sentiment: Q2 earnings declined from $2.91 per share a year earlier, and higher fuel costs hurt results in the prorate business. SkyWest Announces Second Quarter 2026 Profit
• Negative Sentiment: Some coverage noted the quarter missed Wall Street’s earnings and revenue estimates, which may temper enthusiasm despite the positive guidance. SkyWest Q2 Earnings and Revenues Miss Estimates

Institutional Investors Weigh In On SkyWest

Several large investors have recently made changes to their positions in the stock. California State Teachers Retirement System raised its holdings in shares of SkyWest by 0.8% in the second quarter. California State Teachers Retirement System now owns 11,165 shares of the transportation company’s stock valued at $1,150,000 after purchasing an additional 87 shares during the last quarter. Maryland State Retirement & Pension System increased its position in shares of SkyWest by 1.7% in the fourth quarter. Maryland State Retirement & Pension System now owns 5,901 shares of the transportation company’s stock valued at $593,000 after acquiring an additional 96 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in SkyWest by 4.2% during the second quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the transportation company’s stock valued at $257,000 after purchasing an additional 100 shares during the last quarter. Evergreen Capital Management LLC grew its stake in SkyWest by 2.0% in the second quarter. Evergreen Capital Management LLC now owns 5,827 shares of the transportation company’s stock valued at $600,000 after purchasing an additional 113 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of SkyWest by 15.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the transportation company’s stock worth $105,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 81.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on SKYW. Weiss Ratings upgraded shares of SkyWest from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Citigroup upped their target price on shares of SkyWest from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. The Goldman Sachs Group cut SkyWest from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $126.00 to $115.00 in a research note on Thursday, July 2nd. Finally, TD Cowen increased their target price on SkyWest from $98.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.17.

SkyWest Company Profile

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.