SkyWest Q1 revenue rises 7% on higher fleet utilization

SkyWest

23/04/2026 21:11

Overview

U.S. regional airline's Q1 revenue rose 7% yr/yr, net income and EPS slightly higher

Company repurchased 783,000 shares for $75 mln during Q1 2026

Higher operating expenses driven by increased production and pilot training costs

Outlook

SkyWest expects first CRJ450 aircraft to enter service in Fall 2026

Company anticipates more than 300 E175 aircraft in fleet by end of 2028

SkyWest coordinating with airline partners on timing of upcoming fleet deliveries

Result Drivers

HIGHER FLEET UTILIZATION - Co said Q1 block hour production increased 3% yr/yr, reflecting higher fleet utilization and strong demand

INCREASED OPERATING COSTS - Operating expenses rose 10% yr/yr, driven by higher production and increased pilot training costs

Company press release: ID:nBwwwKbHa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Operating Revenue
$1.01 bln
Q1 EPS
$2.50
Q1 Net Income
$101.69 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the airlines peer group is "buy"

Wall Street's median 12-month price target for SkyWest Inc is $128.00, about 39.7% above its April 22 closing price of $91.63

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)