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SkyWest SKYW Operating Income

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Other financials

Income statement

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Revenue$1.1B+6.5%
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

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Market cap$4.4B-2.9%
Enterprise value$6.71B-5.1%
P/E10.8×-0.4×
P/S1.1×-0.1×

Profitability

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Gross margin11.5%
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×

Where this comes from

Reported directly by SkyWest in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: SkyWest’s 10-Q, filed July 24, 2026.

Filed
Jul 24, 2026, 4:02 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-086641
Line itemThree months ended / June 30, 2026Three months ended / June 30, 2025Six months ended / June 30, 2026Six months ended / June 30, 2025
Airport-related expenses32,60027,11668,77054,939
Other operating expenses91,50791,246180,577172,156
Total operating expenses946,921865,0991,836,4121,674,177
OPERATING INCOME155,830170,128279,516309,505
OTHER INCOME (EXPENSE):
Interest income8,79411,05017,39121,136
Interest expense(24,926)(26,566)(49,391)(53,684)
Other income (expense), net(844)8,504(892)6,877

Item 1. Financial Statements

FAQ

What is SkyWest's operating income?
SkyWest (SKYW) reported operating income of $155.83M in Q2 2026.
How has SkyWest's operating income changed year-over-year?
SkyWest's operating income decreased by 8.4% year-over-year, from $170.13M to $155.83M.
What is the long-term trend for SkyWest's operating income?
Over 3 years (2021 to 2025), SkyWest's operating income has grown at a 30.8% compound annual growth rate (CAGR), from $275.87M to $617.85M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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