SkyWest Q1 net income $102M ($2.50 EPS); revenue +7% to $1.0B; CRJ450 conversion

SKYWEST INC

2026-Q1 EPS reported $2.50 revenue$1,013,177,000

Net income of $102M ($2.50 diluted EPS) vs. $101M ($2.42) in Q1 2025; includes $0.29 discrete tax benefit.
Revenue $1.0B, up 7% YoY; block hours +3%; operating expenses +10% to $889M on higher production and pilot training.
Cash & marketable securities $627M (down from $707M at Dec 2025); debt flat at $2.4B; repurchased 783K shares for $75M in Q1.
Plans to convert 50-seat CRJ200 to 41-seat dual-class CRJ450 for United; first service Fall 2026, full conversion by 2028.
E175 deliveries: 9 in 2026, 10 in 2027, 10 in 2028, 40 thereafter; purchase rights secured for 50 additional E175s.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SKYWEST INC reported the three months ended March 31, 2026 results: revenue $1.0 billion, net income $102 million, EPS $2.50 per diluted share.

Period: the three months ended March 31, 2026
Revenue: $1.0 billion
Net income: $102 million
EPS: $2.50 per diluted share
Result: reported results

Exact text from the filing

provides to our customers. I want to thank our people for their good work through the challenging winter conditions of the first quarter.” Financial Results Revenue was $1.0 billion in Q1 2026, up $65 million, or 7%, from $948 million in Q1 2025. SkyWest’s Q1 2026 block hour production increased 3% compared to Q1 2025, which reflects higher fleet utilization

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Source: SEC EDGAR

accession 0001104659-26-047674

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