SKYW

EX-99.1

2 skyw-ex99d1.htm

EX-99.1

Exhibit 99.1

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NEWS RELEASE

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CONTACT:

Investor Relations

Corporate Communications

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435.634.3200

435.634.3553

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Investor.relations@skywest.com

corporate.communications@skywest.com

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SkyWest, Inc. Announces Third Quarter 2026 Profit

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●Q3 2026 pre-tax income of $159 million, up from $157 million in Q3 2025 and up sequentially from $139 million in Q2 2026

●Q3 2026 diluted earnings per share of $3.08, up from $2.81 in Q3 2025 and up sequentially from $2.54 in Q2 2026

●SkyWest took delivery of four new E175 aircraft in Q3 2026 under a previously announced agreement with United Airlines

ST. GEORGE, UTAH, October 29, 2026 -- SkyWest, Inc. (NASDAQ: SKYW) (“SkyWest”) today reported financial and operating results for Q3 2026, including net income of $120 million, or $3.08 per diluted share, compared to net income of $116 million, or $2.81 per diluted share, for Q3 2025. The Q3 2026 financial results were negatively impacted by higher fuel cost per gallon in SkyWest’s prorate business compared to Q3 2025 and Q2 2026.

Commenting on the results, Chip Childs, President and Chief Executive Officer of SkyWest, said, “Our results reflect the value we provide to our customers, including our ongoing opportunities to invest in the fleet. We are well positioned to continue the growth of our E175 fleet in the coming years, enhancing the resiliency of our model for the benefit of our people, our customers and our shareholders. I want to thank our team for their hard work during this busy summer.”

Financial Results

Revenue was $1.12 billion in Q3 2026, up $67 million, or 6%, from $1.05 billion in Q3 2025. SkyWest’s Q3 2026 block hour production increased 5% compared to Q3 2025, driven by more aircraft in scheduled service and strong overall demand. Block hour production in Q3 2026 was also up 1% sequentially from Q2 2026.

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Operating expenses were $941 million in Q3 2026, up $65 million, or 7%, from $876 million in Q3 2025, driven by an expected increase in incremental direct operating costs associated with higher production and an increase in the cost per gallon for prorate fuel in Q3 2026 compared to Q3 2025 and Q2 2026. In Q3 2026, SkyWest revised the estimated useful life of its E175 fleet to 30 years, which reduced depreciation expense in Q3 2026 compared to Q3 2025 and Q2 2026.

Capital and Liquidity

SkyWest had $569 million in cash and marketable securities at September 30, 2026, compared to $707 million at December 31, 2025.

Total debt at September 30, 2026 was $2.4 billion, up from $2.3 billion at June 30, 2026, reflecting $119 million in principal debt payments and $187 million in new debt issued during Q3 2026, and was flat compared to December 31, 2025. Capital expenditures and aircraft deposits during Q3 2026 were $163 million for the purchase of four new E175 aircraft, spare engines, and other fixed assets.

SkyWest repurchased 738,000 shares of its common stock for approximately $75 million during Q3 2026. As of September 30, 2026, SkyWest had approximately $238 million of remaining availability under its existing stock repurchase program.

Commercial Agreements

The table below summarizes anticipated E175 aircraft deliveries during the periods indicated based on currently available information, which is subject to change. During the first nine months of 2026, SkyWest had six E175 aircraft deliveries, one for Alaska Airlines (“Alaska”) and five for United Airlines (“United”), which are reflected in the table below.

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2026

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2027

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2028

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Thereafter

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Total

United

8

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ꟷ

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ꟷ

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ꟷ

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8

Delta Air Lines

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ꟷ

​

11

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5

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ꟷ

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16

American

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4

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7

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ꟷ

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ꟷ

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11

Alaska

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1

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ꟷ

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ꟷ

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ꟷ

​

1

Unassigned

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ꟷ

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ꟷ

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5

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28

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33

Total

13

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18

​

10

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28

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69

By the end of 2027, SkyWest anticipates having over 300 E175 aircraft in its fleet. As previously announced, SkyWest entered into a purchase agreement with Embraer, which secures delivery positions for 33 additional E175s from 2028 through 2031 for potential future flying opportunities. SkyWest’s purchase agreement with Embraer also includes purchase rights for 50 additional E175s from Embraer, as previously announced.

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About SkyWest

SkyWest, Inc. is the holding company for SkyWest Airlines, Inc., SkyWest Charter, LLC (“SWC”) and SkyWest Leasing, Inc., an aircraft equipment leasing company. SkyWest Airlines has a fleet of approximately 500 aircraft connecting passengers to over 240 destinations throughout North America. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines, and Alaska Airlines carrying more than 46 million passengers in 2025.

SkyWest will host its conference call to discuss its third quarter 2026 results today, October 29, 2026, at 2:30 p.m. Mountain Time. The conference call number is 1-833-461-5787 for domestic calle

EX-99.1

2 skyw-20260723xex99d1.htm

EX-99.1

Exhibit 99.1

​

NEWS RELEASE

​

​

​

​

​

CONTACT:

Investor Relations

Corporate Communications

​

435.634.3200

435.634.3553

​

Investor.relations@skywest.com

corporate.communications@skywest.com

​

​

SkyWest, Inc. Announces Second Quarter 2026 Profit

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●Q2 2026 pre-tax income of $139 million, a 29% increase from Q1 2026 with a 9% sequential increase in block hours

●SkyWest secured an agreement to purchase and operate 11 new E175 aircraft for American Airlines

●SkyWest’s Board of Directors approved a $250 million increase to its existing stock repurchase program

●SkyWest took delivery of one new E175 aircraft in Q2 2026 under a previously announced agreement with United Airlines

ST. GEORGE, UTAH, July 23, 2026 -- SkyWest, Inc. (NASDAQ: SKYW) (“SkyWest”) today reported financial and operating results for Q2 2026, including net income of $101 million, or $2.54 per diluted share, compared to net income of $120 million, or $2.91 per diluted share, for Q2 2025. The Q2 2026 financial results were negatively impacted by higher fuel cost per gallon in SkyWest’s prorate business compared to Q2 2025.

Commenting on the results, Chip Childs, President and Chief Executive Officer of SkyWest, said, “Our block hour production outlook remains solid, as we prepare to invest in owning and operating 34 more E175s through the end of 2028. We believe that the fleet initiatives and investments we continue to make create long-term value and cash flow that benefits our people, our customers, and our shareholders. I want to thank our team for their steady, good work through an unusually volatile quarter.”

Financial Results

Revenue was $1.1 billion in Q2 2026, up $68 million, or 7%, from $1.0 billion in Q2 2025. SkyWest’s Q2 2026 block hour production increased 5% compared to Q2 2025 and increased 9% compared to Q1 2026, which reflects higher fleet utilization and strong demand.

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Operating expenses were $947 million in Q2 2026, up $82 million, or 9%, from $865 million in Q2 2025, driven by an expected increase in incremental direct operating costs associated with higher production and an increase in the cost per gallon for prorate fuel in Q2 2026 compared to Q2 2025.

Capital and Liquidity

SkyWest had $601 million in cash and marketable securities at June 30, 2026, compared to $707 million at December 31, 2025.

Total debt at June 30, 2026 was $2.3 billion, down from $2.4 billion at March 31, 2026 and December 31, 2025, reflecting $122 million in principal debt payments and $24 million in new debt issued during Q2 2026. Capital expenditures during Q2 2026 were $139 million for the purchase of one new E175 aircraft, spare engines, and other fixed assets.

SkyWest repurchased 833,000 shares of its common stock for approximately $75 million during Q2 2026 at an average price per share of $89.55. During the first half of 2026, SkyWest repurchased 1.6 million shares of its common stock for $150 million. As of June 30, 2026, SkyWest had approximately $63 million of remaining availability under its existing stock repurchase program. As announced today, SkyWest’s Board of Directors approved a $250 million increase to the existing stock repurchase program.

Commercial Agreements

SkyWest secured an agreement to purchase and operate 11 new E175 aircraft under a multi-year flying contract for American Airlines (“American”). The 11 new E175 aircraft are expected to replace 11 CRJ700s SkyWest is currently flying under contract with American. SkyWest is scheduled to purchase the 11 E175s from Embraer with anticipated delivery dates in 2026 and 2027.

The table below summarizes anticipated E175 aircraft deliveries during the periods indicated based on currently available information, which is subject to change. During the first half of 2026, SkyWest had two E175 aircraft deliveries, one for Alaska Airlines (“Alaska”) and one for United Airlines (“United”), which are reflected in the table below.

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2026

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2027

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2028

​

Thereafter

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Total

United

8

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ꟷ

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ꟷ

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ꟷ

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8

Delta Air Lines

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ꟷ

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10

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6

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ꟷ

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16

American

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4

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7

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ꟷ

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ꟷ

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11

Alaska

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1

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ꟷ

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ꟷ

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ꟷ

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1

Unassigned

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ꟷ

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ꟷ

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4

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29

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33

Total

13

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17

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10

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29

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69

By the end of 2027, SkyWest anticipates having 300 E175 aircraft in its fleet. As previously announced, SkyWest entered into a purchase agreement with Embraer, which secures delivery positions for 33 additional E175s from 2028 through 2032 for potential future flying

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opportunities. SkyWest’s purchase agreement with Embraer also includes purchase rights for 50 additional E175s from Embraer, as previously announced.

About SkyWest

SkyWest, Inc. is the holding company for SkyWest Airlines, Inc., SkyWest Charter, LLC (“SWC”) and SkyWest Leasing, Inc., an aircraft equipment leasing company. SkyWest Airlines has a fleet of approximately 500 aircraft co

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