The financials
SkyWest, Inc. by the numbers
SkyWest, Inc. (SKYW) reported revenue of $1.10B in Q2 2026 (quarter ended June 30, 2026), up 6.5% from the same quarter a year earlier. That came with net income of $101M (9.1% of revenue). For the full year FY2025, revenue was $4.06B (+15% year on year) and net income $428M. Its largest product in 2026-Q1 was Aircraft Operations at $634M, 60% of the disclosed total, just ahead of Prorate Agreements at 16%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $1.10B | $1.04B | +6.5% |
| Operating income | $156M | $170M | −8.4% |
| Net income | $101M | $120M | −16% |
| Diluted EPS | $2.54 | $2.91 | −13% |
| Product | Revenue | Share |
|---|---|---|
| Aircraft Operations | $634M | 60% |
| Prorate Agreements | $168M | 16% |
| Capacity Purchase Agreements Fixed Aircraft Lease | $104M | 9.9% |
| Capacity Purchase Agreements Variable Aircraft Lease | $71M | 6.7% |
| Lease Airport Service And Other | $35M | 3.3% |
| Lease Airport Services And Other | $35M | 3.3% |
| Airport Customer Service And Other | $10M | 1.0% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $1.06B (-4.0%)
Capacity Purchase Agreements Variable Aircraft Lease grew +104% year on yearCapacity Purchase Agreements Fixed Aircraft Lease -5.9% year on year
Segment Latestquarter on quarteryear on year
- Aircraft Operations$633.9M$633.9MQoQ -5.8%year on year -0.83%-5.8%-0.83%
- Prorate Agreements$168.2M$168.2MQoQ +0.66%year on year +29%+0.66%+29%
- Capacity Purchase Agreements Fixed Aircraft Lease$104.5M$104.5MQoQ +15%year on year -5.9%+15%-5.9%
- Capacity Purchase Agreements Variable Aircraft Lease$71.4M$71.4MQoQ -11%year on year +104%-11%+104%
- Lease Airport Service And Other$35.3M$35.3MQoQ -8.9%year on year +8.7%-8.9%+8.7%
- Lease Airport Services And Other$35.3M$35.3MQoQ -8.9%year on year +8.7%-8.9%+8.7%
- Airport Customer Service And Other$10.1M$10.1MQoQ -24%year on year +7.6%-24%+7.6%