SKYWEST INCSKYWEarnings & Financial Report
SkyWest, Inc. is the holding company for SkyWest Airlines, a North American regional airline, as well as an aircraft leasing company. It is headquartered in St. George, Utah, United States.
SKYW Q1 FY2026 Key Financial Metrics
Revenue
$1.0B
Gross Profit
N/A
Operating Profit
$123.7M
Net Profit
$101.7M
Gross Margin
N/A
Operating Margin
12.2%
Net Margin
10.0%
YoY Growth
6.8%
EPS
$2.50
SKYWEST INC Q1 FY2026 Financial Summary
SKYWEST INC reported revenue of $1.0B (up 6.8% YoY) for Q1 FY2026, with a net profit of $101.7M (up 1.1% YoY) (10.0% margin).
Key Financial Metrics
| Total Revenue | $1.0B |
|---|---|
| Net Profit | $101.7M |
| Gross Margin | N/A |
| Operating Margin | 12.2% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
SKYWEST INC Q1 FY2026 revenue of $1.0B breaks down across 2 segments, led by Flying agreements at $977.9M (96.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Flying agreements | $977.9M | 96.5% |
| Lease, airport services and other | $35.3M | 3.5% |
SKYWEST INC Annual Revenue by Year
SKYWEST INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $4.1B).
SKYWEST INC Quarterly Revenue & Net Profit History
SKYWEST INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $1.0B | +6.8% | $101.7M | 10.0% |
| Q4 FY2025 | $1.0B | +8.5% | $91.2M | 8.9% |
| Q3 FY2025 | $1.1B | +15.0% | $116.4M | 11.1% |
| Q2 FY2025 | $1.0B | +19.4% | $120.3M | 11.6% |
| Q1 FY2025 | $948.5M | +18.0% | $100.6M | 10.6% |
| Q4 FY2024 | $944.4M | +25.6% | $97.4M | 10.3% |
| Q3 FY2024 | $912.8M | +19.1% | $89.7M | 9.8% |
| Q2 FY2024 | $867.1M | +19.5% | $75.6M | 8.7% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $867.1M | $912.8M | $944.4M | $948.5M | $1.04B | $1.05B | $1.02B | $1.01B |
| YoY Growth | 19.5% | 19.1% | 25.6% | 18.0% | 19.4% | 15.0% | 8.5% | 6.8% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $6.96B | $6.96B | $7.14B | $7.11B | $7.17B | $7.21B | $7.39B | $7.35B |
| Liabilities | $4.73B | $4.65B | $4.73B | $4.64B | $4.59B | $4.54B | $4.64B | $4.61B |
| Equity | $2.23B | $2.31B | $2.41B | $2.47B | $2.58B | $2.68B | $2.75B | $2.73B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $165.3M | $183.6M | $185.9M | $171.0M | $257.1M | $280.8M | $231.5M |