earnings
confidence high
sentiment positive
materiality 0.75
SkyWest Q2 net income $101M ($2.54 EPS); revenue up 7% YoY; board adds $250M to buyback; secures 11 E175s for American
SKYWEST INC
- Net income $101M ($2.54 diluted EPS) vs $120M ($2.91) in Q2 2025; revenue $1.1B, up 7% YoY.
- Pre-tax income $139M, up 29% sequentially; block hours up 5% YoY and 9% from Q1 2026.
- Board approved $250M increase to stock repurchase program; total authorization ~$313M; repurchased 833K shares for $75M in Q2.
- Secured agreement to purchase and operate 11 new E175 aircraft for American Airlines, replacing CRJ700s; deliveries in 2026-2027.
- Cash and marketable securities $601M at June 30, 2026; total debt $2.3B, down $122M in Q2.