earnings
confidence high
sentiment neutral
materiality 0.65
SkyWest Q4 net income $4M, full-year adjusted EPS $3.46; expects 2022 block hours down 10-15%
SKYWEST INC
2021-FY EPS reported
$2.20
revenue$2,713,491,000
- Q4 net income $4M ($0.09 diluted EPS) vs net loss $46M ($0.93 loss) in Q4 2020.
- FY2021 net income $112M ($2.20 EPS); adjusted net income $176M ($3.46 EPS) ex $84M impairment.
- Revenue $777M (+32% YoY); block hours up 30% from Q4 2020.
- Cash & marketable securities $860M; total debt $3.1B; capex $304M in Q4 for aircraft.
- Expects 2022 block hours down ~10-15% due to staffing; plans to add 47 E175s in 2022-23.