earnings
confidence high
sentiment positive
materiality 0.75
SkyWest Q2 net income $76M ($1.82 EPS) vs $15M ($0.35) YoY; revenue up 19%
SKYWEST INC
2024-Q2 EPS reported
$3.28
revenue$1,670,732,000
- Net income of $76M ($1.82 diluted EPS) compared to $15M ($0.35) in Q2 2023.
- Revenue $867M, up 19% from $726M YoY; block hour production increased 12%.
- Took delivery of eight E175s under United Airlines agreement in Q2; 11 total in H1 2024.
- Cash and marketable securities $834M; total debt reduced to $2.8B from $3.0B at Dec 31, 2023.
- Repurchased 177k shares for $13.3M in Q2; $69M remaining under buyback program.