earnings
confidence high
sentiment positive
materiality 0.80
SkyWest Q3 net income $90M ($2.16 EPS); revenue up 19% YoY; CRJ550 deal with United
SKYWEST INC
2024-Q3 EPS reported
$5.44
revenue$2,583,518,000
- Net income of $90M, diluted EPS $2.16 vs $0.55 in Q3 2023; pre-tax income $116M.
- Revenue $913M, up 19% from $766M; block hours increased 15% YoY.
- Agreement with United for 40 CRJ550s: 11 used, 29 converted from CRJ700s; deliveries through 2026.
- Repurchased 217K shares for $16.3M at avg $74.98; $53M remaining under buyback program.
- Debt reduced to $2.7B from $3.0B; cash and marketable securities $836M.