earnings
confidence high
sentiment positive
materiality 0.75
SkyWest Q3 2021 adjusted net income $74M ($1.45 EPS), up 119% YoY; plans 45 new E175s
SKYWEST INC
2021-Q3 EPS reported
$2.12
revenue$1,936,328,000
- Net income of $10M ($0.19 diluted EPS); adjusted net income of $74M ($1.45 diluted EPS), up 119% from Q3 2020.
- Pre-tax income of $14M; includes $115M in payroll support grants from U.S. Treasury as reduction to operating expenses.
- Adjusted net income excludes $85M non-cash impairment charge on CRJ900 aircraft.
- Scheduled to place 45 new E175 aircraft in 2022-2023: 20 with American, 16 with Delta, 9 with Alaska.