Jun 2026 (Q2 FY26) — Jul 23, 2026
SkyWest, Inc. Q2 FY26 — Strong E175 Order Book and Capital Deployment
Read the full callSkyWest earnings: last reported Thu, 23 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,103 | +6.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 14.1 | −2.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 101 | −16.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
6 of 7 judged targets kept · 14 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year capital expenditures (FY26) | $575 million to $625 million | Sep 2025 | We anticipate our total CapEx in 2026 will be approximately $700 million. | Revised Down |
| American Airlines prorate CRJ fleet count | up to 9 aircraft by the middle of 2026 | Jun 2025 | we are currently operating 8 aircraft under this agreement with up to 9 expected by year-end. | On Track |
1 of SKYWEST INC's 21 targets was missed. See which ones, and which are quietly gone. The 2 above are the free sample; 19 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: $100.62 on 22 Oct 2025 → $93.03. High $115.94 (5 Aug 2026), low $78.4 (19 May 2026).
Overview
Guidance
6 of 7 judged targets kept · 14 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year capital expenditures (FY26) | $575 million to $625 million | Sep 2025 | We anticipate our total CapEx in 2026 will be approximately $700 million. | Revised Down |
| American Airlines prorate CRJ fleet count | up to 9 aircraft by the middle of 2026 | Jun 2025 | we are currently operating 8 aircraft under this agreement with up to 9 expected by year-end. | On Track |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 21 tracked commitments, with each call’s wording and source.
Call summaries
SkyWest, Inc. Q2 FY26 — Strong E175 Order Book and Capital Deployment
Read the full callSkyWest Q1 FY26 — Strong Profitability Amidst Fleet Modernization and Strategic Flexibility
Read the full callEvery analysed call
Financials
Net profit, year on year: −16% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 913 | 944 | 948 | 1,035 | 1,050 | 1,024 | 1,013 | 1,103 |
| Operating profit | 131 | 144 | 139 | 170 | 174 | 134 | 124 | 156 |
| Operating margin | 14.4% | 15.3% | 14.7% | 16.4% | 16.6% | 13.1% | 12.2% | 14.1% |
| Other income | -15 | -10 | -19 | -7 | -17 | -10 | -16 | -17 |
| Interest | 28 | 28 | 27 | 27 | 26 | 25 | 24 | 25 |
| Profit before tax | 116 | 134 | 121 | 163 | 157 | 125 | 108 | 139 |
| Tax rate | 22.8% | 27.1% | 16.7% | 26.3% | 26.0% | 26.8% | 5.6% | 27.5% |
| Net profit | 90 | 97 | 101 | 120 | 116 | 91 | 102 | 101 |
| EPS ($ per share) | 2.23 | — | 2.48 | 2.98 | 2.89 | — | 2.54 | 2.55 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 691 | 687 | 705 | 722 | 734 | 754 | 777 | 798 |
| Reserves | 1,777 | 2,079 | 2,052 | 2,164 | 2,237 | 2,271 | 2,594 | 3,023 |
| Total liabilities | 4,349 | 4,482 | 4,748 | 4,858 | 5,067 | 4,913 | 4,731 | 4,640 |
| Fixed assets | 5,006 | 5,395 | 5,362 | 5,499 | 5,548 | 5,483 | 5,587 | 5,843 |
| Investments | 361 | — | — | — | — | — | — | — |
| Total assets | 6,313 | 6,657 | 6,888 | 7,126 | 7,415 | 7,026 | 7,140 | 7,386 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 803 | 721 | 634 | 832 | 480 | 736 | 692 | 940 |
| Cash from investing | -983 | -657 | -683 | -699 | -905 | -23 | -229 | -652 |
| Cash from financing | 327 | -305 | 178 | -91 | 269 | -668 | -385 | -393 |
| Capital expenditure | -34 | -81 | -13 | -18 | -13 | -13 | -45 | -32 |
| Free cash flow | 768 | 640 | 621 | 814 | 467 | 723 | 648 | 908 |
Skywest Leasing shrank from 17% to 15% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Sky West Airlines | 83% | 83% | 85% | 84% | 85% | 83% | 84% | 85% | +8.2% |
| Skywest Leasing | 17% | 17% | 15% | 16% | 15% | 17% | 16% | 15% | -2.3% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| E175 deliveries received | 1During the quarter, we received delivery of 1 E175 with 8 more expected this year.Source: earnings call transcript | 1During the quarter, we took delivery of 1 new E175 for United.Source: earnings call transcript | 0% |
| Firm aircraft orders E175 | 68During the quarter, we took delivery of a new E175 for Alaska and currently have 68 E175s on firm order with Embraer, including 16 for Delta and 8 for United.Source: earnings call transcript | 67We currently have 67 future E175 on firm order with Embraer, including 16 for Delta, 11 for American and 7 for United.Source: earnings call transcript | -1.5% |
| Aircraft operated under prorate agreement American Airlines | 6We have also initiated a prorate agreement with American, currently operating 6 aircraft under this arrangement with up to 9 expected by year-end 2026.Source: earnings call transcript | 8We -- and we are currently operating 8 aircraft under this agreement with up to 9 expected by year-end.Source: earnings call transcript | +33.3% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
49 filings between Dec 11, 2025 and Aug 3, 2026.
Purchases
None
No insider bought shares.
Sales
$16.35M
13 sales by 5 insiders
Also filed: 3 gifts.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Childs Russell A | — | $5.72M | Jul 28, 2026 |
| Steel Wade J | — | $5.44M | Aug 3, 2026 |
| SIMMONS ROBERT J | — | $2.76M | Jul 29, 2026 |
| Wooley Greg | — | $1.92M | Jul 30, 2026 |
| Madden Meredith Siegfried | — | $503.4K | Dec 11, 2025 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 3, 2026 | Steel Wade J CHIEF COMMERCIAL OFFICER | Sale | 22,000 | $2.45M |
| Jul 30, 2026 | Wooley Greg EXEC VP OPERATIONS | Sale | 17,726 | $1.92M |
| Jul 29, 2026 | SIMMONS ROBERT J CHIEF FINANCIAL OFFICER | Sale | 2,442 | $270.3K |
| Jul 29, 2026 | SIMMONS ROBERT J CHIEF FINANCIAL OFFICER | Sale | 7,570 | $848.1K |
| Jul 29, 2026 | SIMMONS ROBERT J CHIEF FINANCIAL OFFICER | Sale | 14,988 | $1.64M |
| Jul 28, 2026 | Childs Russell A PRESIDENT & CEO | Sale | 9,902 | $1.12M |
| Jul 28, 2026 | Childs Russell A PRESIDENT & CEO | Sale | 36,170 | $4.10M |
| Jul 28, 2026 | Childs Russell A PRESIDENT & CEO | Sale | 1,828 | $208.6K |
| Jul 28, 2026 | Childs Russell A PRESIDENT & CEO | Sale | 2,600 | $289.8K |
| May 5, 2026 | Conjeevaram Smita Director | Award | 1,219 | $0 |
| May 5, 2026 | SMITH KEITH Director | Award | 1,219 | $0 |
| May 5, 2026 | WELCH JAMES L Director | Award | 1,219 | $0 |
| May 5, 2026 | LEATHERS DEREK J Director | Award | 1,219 | $0 |
| May 5, 2026 | Madden Meredith Siegfried Director | Award | 1,219 | $0 |
| May 5, 2026 | MITTELSTAEDT RONALD J Director | Award | 1,219 | $0 |
| Feb 27, 2026 | Childs Russell A PRESIDENT & CEO | Gift | 24,879 | $0 |
| Feb 24, 2026 | Steel Wade J CHIEF COMMERCIAL OFFICER | Sale | 20,629 | $2.20M |
| Feb 18, 2026 | Steel Wade J CHIEF COMMERCIAL OFFICER | Sale | 3,113 | $337.7K |
| Feb 18, 2026 | Steel Wade J CHIEF COMMERCIAL OFFICER | Sale | 4,258 | $455.1K |
| Feb 17, 2026 | Steel Wade J CHIEF COMMERCIAL OFFICER | Gift | 5,700 | $0 |
| Feb 9, 2026 | Steel Wade J CHIEF COMMERCIAL OFFICER | Tax withheld | 43,248 | $4.58M |
| Feb 9, 2026 | SIMMONS ROBERT J CHIEF FINANCIAL OFFICER | Tax withheld | 47,085 | $4.99M |
| Feb 9, 2026 | Wooley Greg EXEC VP OPERATIONS | Tax withheld | 26,509 | $2.81M |
| Feb 9, 2026 | Woodward Eric CHIEF ACCOUNTING OFFICER | Tax withheld | 16,237 | $1.72M |
| Feb 9, 2026 | Childs Russell A PRESIDENT & CEO | Tax withheld | 132,016 | $13.99M |
| Feb 3, 2026 | Childs Russell A PRESIDENT & CEO | Award | 10,091 | $0 |
| Feb 3, 2026 | SIMMONS ROBERT J CHIEF FINANCIAL OFFICER | Award | 3,897 | $0 |
| Feb 3, 2026 | SIMMONS ROBERT J CHIEF FINANCIAL OFFICER | Award | 8,710 | $0 |
| Feb 3, 2026 | SIMMONS ROBERT J CHIEF FINANCIAL OFFICER | Award | 35,748 | $0 |
| Feb 3, 2026 | Childs Russell A PRESIDENT & CEO | Award | 102,770 | $0 |
| Feb 3, 2026 | SIMMONS ROBERT J CHIEF FINANCIAL OFFICER | Award | 3,615 | $0 |
| Feb 3, 2026 | Hansen Dale T General Counsel | Award | 1,506 | $0 |
| Feb 3, 2026 | Wooley Greg EXEC VP OPERATIONS | Award | 2,307 | $0 |
| Feb 3, 2026 | Wooley Greg EXEC VP OPERATIONS | Award | 5,270 | $0 |
| Feb 3, 2026 | Wooley Greg EXEC VP OPERATIONS | Award | 2,109 | $0 |
| Feb 3, 2026 | Steel Wade J CHIEF COMMERCIAL OFFICER | Award | 3,897 | $0 |
| Feb 3, 2026 | Steel Wade J CHIEF COMMERCIAL OFFICER | Award | 8,710 | $0 |
| Feb 3, 2026 | Steel Wade J CHIEF COMMERCIAL OFFICER | Award | 35,748 | $0 |
| Feb 3, 2026 | Steel Wade J CHIEF COMMERCIAL OFFICER | Award | 3,615 | $0 |
| Feb 3, 2026 | Woodward Eric CHIEF ACCOUNTING OFFICER | Award | 1,338 | $0 |
| Feb 3, 2026 | Woodward Eric CHIEF ACCOUNTING OFFICER | Award | 3,056 | $0 |
| Feb 3, 2026 | Wooley Greg EXEC VP OPERATIONS | Award | 21,135 | $0 |
| Feb 3, 2026 | Woodward Eric CHIEF ACCOUNTING OFFICER | Award | 12,288 | $0 |
| Feb 3, 2026 | Woodward Eric CHIEF ACCOUNTING OFFICER | Award | 1,280 | $0 |
| Feb 3, 2026 | Childs Russell A PRESIDENT & CEO | Award | 11,025 | $0 |
| Feb 3, 2026 | Hansen Dale T General Counsel | Award | 1,711 | $0 |
| Feb 3, 2026 | Childs Russell A PRESIDENT & CEO | Award | 24,816 | $0 |
| Dec 29, 2025 | MITTELSTAEDT RONALD J Director | Gift | 5,500 | $0 |
| Dec 11, 2025 | Madden Meredith Siegfried Director | Sale | 4,725 | $503.4K |
| Aug 19, 2025 | Wooley Greg EXEC VP OPERATIONS | Sale | 2,000 | $233.7K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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