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SkyWest SKYW Q3 2024 earnings

Reported October 31, 2024 · After market close

Revenue$912.8MBeat by $23.8M
EPS$2.16Beat by $0.24
Revenue estimate$889.0M
EPS estimate$1.92

Next report

Date not yet announced

Financials

Q3 2024

Income statement

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Revenue$912.8M+19.1%
Operating income$131.4M+167%
Net income$89.7M+282%
EPS (diluted)$2.16+293%

Balance sheet

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Cash & equivalents$177.6M+41.7%
Total debt$2.8B-12.1%
Total equity$2.3B+8.2%
Total assets$7.0B-1.5%

Cash flow

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Operating cash flow$183.6M+2.6%
CapEx$11.5M+336%
Free cash flow$172.1M-2.4%

Valuation & ratios

Valuation

as of 09/30/24
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Market cap$3.42B+95.1%
Enterprise value$6.02B+25.7%
P/E14.1×-35.9×
P/S+0.4×

Profitability

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Operating margin11.3%
Net margin7.3%+6.1pp
FCF margin21.3%-0.8pp

Returns & leverage

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Return on equity10.9%+9.4pp
Debt / equity1.2×-0.3×
Current ratio0.9×-0.1×

Segments

By product

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Aircraft Operations$624.3M+22.0%
Capacity Purchase Agreements Flight Operations Revenue Non Lease Component$603.9M
Prorate Agreements$122.8M+11.9%
Capacity Purchase Agreements Fixed Aircraft Lease Revenue$75.1M+1.7%
Capacity Purchase Agreements Variable Aircraft Lease Revenue$61.3M+31.9%

By segment

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Sky West Airlines$758.4M+21.0%
Skywest Leasing$154.4M+10.7%

Versus estimates

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Questions, answered.

When did SkyWest report Q3 2024 earnings?
SkyWest (SKYW) reported Q3 2024 earnings on October 31, 2024 after market close.
What were SkyWest's Q3 2024 revenue and EPS?
SkyWest reported revenue of $912.8M and eps of $2.16 for Q3 2024.
Did SkyWest beat estimates in Q3 2024?
Revenue beat the consensus estimate of $889.0M by $23.8M. EPS beat the consensus estimate of $1.92 by $0.24.
Where can I find SkyWest's Q3 2024 SEC filings?
You can read the 10-Q periodic report (0001558370-24-014135) directly on SEC EDGAR. The filing index links above go to sec.gov.