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SkyWest SKYW Q2 2026 earnings

Reported July 23, 2026 · After market close

Revenue$1.1BMiss by $7.1M
EPS$2.54Miss by $0.16
Revenue estimate$1.1B
EPS estimate$2.70
“Our block hour production outlook remains solid, as we prepare to invest in owning and operating 34 more E175s through the end of 2028. We believe that the fleet initiatives and investments we continue to make create long-term value and cash flow that benefits our people, our customers, and our shareholders. I want to thank our team for their steady, good work through an unusually volatile quarter.”
Chip Childs

Next report

Oct 29, 2026 (in a month)
Revenue estimate$1.1B
EPS estimate$3.13

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

as of 09/16/26
See full
Market cap$3.73B-11.3%
Enterprise value$6.03B-10.4%
P/E9.1×-1.2×
P/S0.9×-0.2×

Profitability

See full
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

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

FAQ

When did SkyWest report Q2 2026 earnings?
SkyWest (SKYW) reported Q2 2026 earnings on July 23, 2026 after market close.
What were SkyWest's Q2 2026 revenue and EPS?
SkyWest reported revenue of $1.1B and eps of $2.54 for Q2 2026.
Did SkyWest beat estimates in Q2 2026?
Revenue missed the consensus estimate of $1.1B by $7.1M. EPS missed the consensus estimate of $2.70 by $0.16.
How did SkyWest's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 6.5% from $1.0B a year earlier and eps declined 12.7% from $2.91.
Where can I find SkyWest's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001104659-26-086251) and the 10-Q periodic report (0001104659-26-086641) directly on SEC EDGAR. The filing index links above go to sec.gov.