earnings
confidence high
sentiment positive
materiality 0.75
SkyWest Q3 2022 net income $48M ($0.96/diluted); revenue $789M, up 6% YoY
SKYWEST INC
2022-Q3 EPS reported
$2.37
revenue$2,323,680,000
- Net income of $48M ($0.96 diluted EPS) vs $10M ($0.19) in Q3 2021; pre-tax income $57M.
- Revenue $789M, up 6% from $745M in Q3 2021, driven by 33 E175 aircraft additions and elimination of COVID concessions.
- Operational performance: 99.9% adjusted completion rate; new pilot salary scales finalized.
- E175 fleet generated over 50% of block hour production; fleet strategy execution continues.