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SkyWest

SKYW

SkyWest Inc. is the largest regional airline operator in the United States, providing scheduled passenger service through its primary subsidiary, SkyWest Airlines.

Market cap
$4.51B-4.2%
Revenue$4.2B+9.1%
Net income$409.9M+0.5%
Free cash flow$908.5M+21.3%
EPS (diluted)$10.06+2.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Date not yet announced

Financials

Q2 2026

Income statement

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Revenue$1.1B+6.5%
Operating income$155.8M-8.4%
Net income$100.7M-16.3%
EPS (diluted)$2.54-12.7%

Balance sheet

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Cash & equivalents$81.4M+68.4%
Total debt$2.4B-7.5%
Total equity$2.8B+6.9%
Total assets$7.4B+3.3%

Cash flow

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Operating cash flow$291.9M+13.5%
CapEx$8.0M+44.8%
Free cash flow$283.9M+12.9%

Valuation & ratios

Valuation

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Market cap$4.51B-4.2%
Enterprise value$6.81B-5.8%
P/E11×-0.5×
P/S1.1×-0.1×

Profitability

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Operating margin14%-1.2pp
Net margin9.8%-0.8pp
FCF margin21.7%+2.2pp

Returns & leverage

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Return on equity15.3%-1.6pp
Debt / equity0.9×-0.1×
Current ratio0.6×-0.2×

Segments

By product

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Aircraft Operations$677.2M-0.8%
Capacity Purchase Agreements Fixed Aircraft Lease Revenue$107.6M+3.2%
Capacity Purchase Agreements Variable Aircraft Lease Revenue$78.9M+43.7%
Lease Airport Service And Other$38.2M-19.9%
Airport Customer Service And Other Revenue$13.4M-40.3%

By segment

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Sky West Airlines$940.7M+8.2%
Skywest Leasing$162.1M-2.3%

Competitors

Profile

SkyWest Inc. is the largest regional airline operator in the United States, providing scheduled passenger service through its primary subsidiary, SkyWest Airlines. The company operates as a critical infrastructure partner for major legacy carriers, providing regional flight capacity under long-term, fixed-fee agreements. Its core value proposition lies in its ability to manage large-scale regional flight operations, aircraft leasing, and charter services while leveraging the brand recognition and distribution networks of its major airline partners.

Competitive position

SkyWest is the largest regional airline operator in the United States, distinguished by its multi-partner model and extensive fleet of Embraer and Bombardier regional jets.

GeographiesUnited States, Canada, Mexico
Customer segmentsMajor Airlines, Commercial Passengers, Charter Clients
Business modelCapacity Purchase Agreements, Asset Leasing, B2B Service Provider
SuppliersAircraft Manufacturers (Embraer, Bombardier/MHI RJ), Fuel Suppliers, Airport Authorities, Pilot and Maintenance Labor Pools
CustomersUnited Airlines, Delta Air Lines, American Airlines, Alaska Airlines, Charter Clients
Listed1986
Employees13.1K
CEORussell A. Childs
FilingsSEC EDGAR

Questions, answered.

What is SkyWest's market cap?
SkyWest (SKYW) has a market capitalization of $4.5B and trades on NASDAQ.
What is SkyWest's revenue and profitability?
SkyWest generated $4.2B in trailing twelve-month revenue with net income of $409.9M, representing a net margin of 9.8%. Gross margin stands at 11.5%, with free cash flow of $908.5M. These figures are based on the Q2 2026 filing.
Who are SkyWest's competitors?
SkyWest's key competitors include Horizon Air, Envoy Air, Endeavor Air, and others. These companies compete in similar markets and product categories.
Who does SkyWest partner with?
SkyWest's notable partners include United Airlines, Delta Air Lines, American Airlines, and others.
What subsidiaries does SkyWest have?
SkyWest's subsidiaries include SkyWest Airlines, SkyWest Charter.
Where is SkyWest headquartered?
SkyWest is headquartered in United States of America and employs approximately 13,121 people. It has been publicly traded since 1986.