SkyWest Q2 revenue, net income rise

SkyWest

24/07/2025 21:14

Overview

SkyWest Q2 2025 revenue rises 19% yr/yr, driven by higher fleet utilization

Net income for Q2 2025 increases to $120 mln, from $76 mln year ago

Co had secured agreement to purchase 16 new E175 aircraft for Delta Air Lines

Outlook

SkyWest anticipates having nearly 300 E175 aircraft by end of 2028

Company plans to expand service in smaller communities

SkyWest sees strong demand for regional flying

Result Drivers

BLOCK HOUR PRODUCTION - SkyWest's Q2 2025 block hour production increased by 19% compared to Q2 2024

FLEET UTILIZATION - Higher utilization of SkyWest's fleet contributed to increased revenue and operating efficiencies

AIRCRAFT AGREEMENT - SkyWest had secured an agreement to purchase and operate 16 new E175 aircraft for Delta Air Lines, replacing older models and optimizing fleet utilization

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Operating Revenue
$1.04 bln
Q2 EPS
$2.91
Q2 Net Income
$120.27 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $127.00, about 10.7% above its July 23 closing price of $113.46

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

Press Release: ID:nBwRWNqDa

(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.)