Every material Form 8-K SkyWest has filed with the SEC since July 27, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
SkyWest reported third-quarter 2026 results with net income of $120 million, or $3.08 per diluted share, versus $116 million, or $2.81 per diluted share, a year earlier. Revenue rose 6% to $1.12 billion, but the company said higher fuel cost per gallon in its prorate business weighed on results, and a revised useful life for its E175 fleet reduced depreciation.
Q3 2026 revenue was $1.12 billion, up $67 million, or 6%, from Q3 2025, with block hour production up 5%.
Aircraft fuel expense was $66.3 million, up from $34.2 million in Q3 2025.
SkyWest repurchased 738,000 shares for about $75 million in Q3 2026 and had about $238 million remaining under its repurchase program at September 30, 2026.
SkyWest reported second-quarter 2026 net income of $101 million, or $2.54 per diluted share, down from $120 million, or $2.91 per diluted share, a year earlier, even as revenue rose 7% to $1.1 billion. The company said higher fuel cost per gallon in its prorate business weighed on results. Its board also approved a $250 million increase to the stock repurchase program, bringing total remaining authorization to approximately $313 million.
Revenue was $1.1 billion in Q2 2026, up $68 million, or 7%, from Q2 2025.
Net income was $101 million, or $2.54 per diluted share, versus $120 million, or $2.91 per diluted share, in Q2 2025.
Aircraft fuel expense was $60.6 million in Q2 2026, compared with $27.5 million in Q2 2025.
The Board approved a $250 million repurchase increase effective July 23, 2026; about $63 million remained under the existing program at June 30, 2026.
SkyWest reported first quarter 2026 revenue of $1.0 billion, up 7% from a year earlier, and net income of $102 million, or $2.50 per diluted share, compared with $101 million, or $2.42, in Q1 2025. Operating income fell to $124 million from $139 million as operating expenses rose 10%, and the net income figure included a $12 million discrete tax benefit.
Revenue was $1.0 billion, up $65 million, or 7%, from $948 million in Q1 2025.
Operating expenses rose $80 million, or 10%, to $889 million; operating income was $124 million versus $139 million a year earlier.
Net income included a $12 million discrete income tax benefit, or $0.29 per diluted share.
SkyWest repurchased 783,000 shares for $75 million in Q1 2026, leaving $138 million of remaining authorization as of March 31, 2026.
SkyWest reported fourth-quarter 2025 net income of $91 million, or $2.21 per diluted share, down from $2.34 a year earlier, even as revenue rose 8% to $1.0 billion. Full-year net income rose to $428 million, or $10.35 per diluted share, from $7.77 per diluted share in 2024. Operating expenses grew faster than revenue in the quarter, and the company also reported multi-year contract extensions with United and Delta in January 2026.
Q4 2025 net income of $91 million, or $2.21 per diluted share, versus $97 million, or $2.34, in Q4 2024
Q4 2025 revenue of $1.0 billion, up $80 million or 8% from $944 million; operating expenses rose 11% to $890 million
Full-year 2025 net income of $428 million, or $10.35 per diluted share, versus $323 million, or $7.77, in 2024
January 2026 contract extensions: 40 E175 aircraft with United and 13 E175 aircraft with Delta
SkyWest reported third-quarter 2025 net income of $116 million, or $2.81 per diluted share, compared with $90 million, or $2.16 per diluted share, a year earlier. Revenue rose 15% to $1.1 billion and operating income rose 33% to $174 million. The company also said it reached a multi-year contract extension with United Airlines for up to 40 CRJ200 aircraft.
Q3 2025 net income was $116 million, or $2.81 per diluted share, versus $90 million, or $2.16, in Q3 2024
Revenue was $1.1 billion, up $137 million, or 15%, from $913 million in Q3 2024
Operating income was $174 million, up 33% from Q3 2024
SkyWest repurchased 244,000 shares for $26.6 million in Q3 2025 and had $240 million of remaining repurchase availability as of September 30, 2025
SkyWest reported second-quarter 2025 net income of $120 million, or $2.91 per diluted share, up from $76 million, or $1.82 per diluted share, a year earlier. Revenue rose 19% to $1.0 billion, and the company said block hour production grew 19%. Total debt fell to $2.5 billion from $2.7 billion at December 31, 2024.
Q2 2025 revenue of $1.0 billion, up $168 million, or 19%, from $867 million in Q2 2024
Q2 2025 operating expenses of $865 million, up 16% from $747 million
Repurchased 195,000 shares for $17.3 million in Q2 2025; $267 million remained under the buyback program at June 30, 2025
Agreement to operate 16 new E175 aircraft for Delta Air Lines, with deliveries scheduled for 2027 and 2028
SkyWest reported first-quarter 2025 revenue of $948 million, up 18% from $804 million a year earlier, and net income of $101 million, or $2.42 per diluted share, compared with $60 million, or $1.45, in Q1 2024. Operating expenses rose 15% to $809 million, driven by higher aircraft maintenance costs, and net income included a $10 million discrete tax benefit. Profit grew faster than revenue in the period, though the filing gives no full-year guidance.
Revenue was $948 million in Q1 2025, up $144 million, or 18%, from $804 million in Q1 2024
Net income was $101 million, or $2.42 per diluted share, versus $60 million, or $1.45, in Q1 2024
Net income included a $10 million discrete income tax benefit, or $0.24 per diluted share
Repurchased 141,000 shares for $13.7 million in Q1 2025, leaving $34 million under the current program as of March 31, 2025
SkyWest reported fourth-quarter 2024 net income of $97 million, or $2.34 per diluted share, up from $18 million, or $0.42 per share, a year earlier. For the full year 2024, net income was $323 million, or $7.77 per diluted share, compared with $34 million, or $0.77 per share, in 2023. Revenue and profit both rose sharply, which points to a strong year for shareholders, though cash and marketable securities declined over the quarter.
Q4 2024 total operating revenues were $944 million, up 26% from $752 million in Q4 2023
Full year 2024 net income was $323 million, or $7.77 per diluted share, versus $34 million, or $0.77, in 2023
Cash and marketable securities were $802 million at December 31, 2024, down from $836 million at September 30, 2024
Share repurchases in Q4 2024 totaled 47,000 shares for $4.9 million, with $48 million of remaining authorization
SkyWest reported third quarter 2024 net income of $90 million, or $2.16 per diluted share, compared with $23 million, or $0.55 per diluted share, a year earlier. Revenue rose 19% to $913 million, and the company said it reached an agreement with United Airlines to place 40 CRJ550 aircraft under a multi-year contract.
Q3 2024 revenue was $913 million, up $147 million, or 19%, from $766 million in Q3 2023.
Q3 2024 net income was $90 million, or $2.16 per diluted share, versus $23 million, or $0.55 per diluted share, in Q3 2023.
SkyWest agreed with United Airlines to place 40 CRJ550s under a multi-year contract, including 11 used CRJ550s to be acquired.
SkyWest repurchased 217,000 shares for $16.3 million in Q3 2024 and had $53 million of remaining repurchase availability as of September 30, 2024.
SkyWest reported second quarter 2024 net income of $76 million, or $1.82 per diluted share, compared with $15 million, or $0.35 per diluted share, a year earlier. Revenue rose 19% to $867 million, while operating expenses rose 8% to $747 million as block hour production increased 12%. The company also repurchased 177,000 shares for $13.3 million in the quarter and had $69 million of remaining availability under its buyback program as of June 30, 2024.
Q2 2024 net income of $76 million, or $1.82 per diluted share, versus $15 million, or $0.35, in Q2 2023
Revenue of $867 million, up $141 million, or 19%, from $726 million in Q2 2023
Operating expenses of $747 million, up 8%; block hour production increased 12%
Repurchased 177,000 shares for $13.3 million at an average price of $75.23; $69 million remaining under the program
At its May 7, 2024 annual meeting, SkyWest shareholders approved an amended and restated 2019 Long-Term Incentive Plan that adds 1,298,000 shares to the existing share reserve, and they elected all seven director nominees. Shareholders also approved executive pay on an advisory basis and ratified Ernst & Young LLP as auditor for 2024, but rejected a shareholder proposal. The filing describes routine annual meeting outcomes that set the equity plan's terms for future awards.
Restated Plan adds 1,298,000 shares to the existing reserve; approved 31,598,502 for and 1,843,544 against
All seven director nominees were elected, with James L. Welch receiving 4,252,304 votes against
Advisory say-on-pay proposal approved with 32,838,259 votes for and 636,985 against
Shareholder proposal not approved: 8,577,141 for and 24,742,806 against
SkyWest reported first-quarter 2024 net income of $60 million, or $1.45 per diluted share, compared with a net loss of $22 million, or $0.45 per share, in the first quarter of 2023. Revenue rose 16% to $804 million, while operating expenses rose 1% to $704 million, and block hour production increased 5%.
Revenue of $804 million, up $112 million (16%) from $692 million in Q1 2023.
Net income of $60 million, or $1.45 per diluted share, versus a net loss of $22 million ($0.45 loss per share) a year earlier.
Operating expenses of $704 million, up 1%; block hour production up 5% year over year.
Repurchased 136,000 shares for $8.7 million at an average $64.21 per share; $82 million remained under the program as of March 31, 2024.
SkyWest's board accepted the retirement of Jerry Atkin as director and Board Chair, effective at the 2024 Annual Meeting of Shareholders, under a governance guideline requiring directors to resign at age 75. The board named Lead Independent Director James L. Welch to succeed him as Board Chair, also effective at that meeting, so the change is a planned leadership transition rather than a sign of disagreement.
Jerry Atkin's retirement as director and Board Chair was accepted on March 22, 2024, effective at the 2024 Annual Meeting of Shareholders
Atkin joined the company in 1974, became President and CEO in 1975, and was Board Chair from 1991; he served as President until 2011 and CEO until 2015
James L. Welch, the Company's Lead Independent Director, was appointed to succeed Atkin as Board Chair
The filing says the retirement was not the result of any disagreement with the company on operations, policies or practices
SkyWest reported fourth-quarter 2023 net income of $18 million, or $0.42 per diluted share, compared with a net loss of $47 million a year earlier, as revenue rose 10% to $752 million. For full-year 2023, net income fell to $34 million, or $0.77 per diluted share, from $73 million, or $1.44, in 2022. Shareholders also saw the company repurchase $289 million of stock during 2023 and take a 25% stake in Contour Airlines.
Q4 2023 revenue was $752 million, up $71 million, or 10%, from $681 million in Q4 2022
Full-year 2023 net income was $34 million, or $0.77 per diluted share, versus $73 million, or $1.44, in 2022
SkyWest repurchased $45 million of stock in Q4 2023 and $289 million for the full year, with $91 million of authorization remaining
SkyWest acquired a 25% ownership stake in Contour Airlines, a Part 135 carrier
SkyWest reported third-quarter 2023 net income of $23 million, or $0.55 per diluted share, down from $48 million, or $0.96, a year earlier. Revenue fell 3% to $766 million, and the company deferred $57 million of revenue tied to modified terms in its amended flying contracts, which weighed on results for shareholders.
Q3 2023 revenue was $766 million, down $23 million, or 3%, from $789 million in Q3 2022
Q3 2023 operating expenses rose $3 million to $717 million, driven by higher employee compensation, including pilot pay scales
SkyWest deferred $57 million of revenue in Q3 2023 versus recognizing $13 million of previously deferred revenue in Q3 2022
SkyWest secured a flying agreement with United Airlines for 19 new E175 aircraft, with deliveries from late 2024 through 2026
SkyWest reported second quarter 2023 net income of $15 million, or $0.35 per diluted share, down from $54 million, or $1.07 per diluted share, a year earlier. Revenue fell 9% to $726 million, and the company deferred $60 million of revenue due to modified terms in its amended flying contracts.
Revenue was $726 million, down $73 million, or 9%, from $799 million in Q2 2022
Net income was $15 million, or $0.35 per diluted share, versus $54 million, or $1.07, in Q2 2022
Company repurchased 3.3 million shares for $94 million in Q2 2023; $186 million remained under the May 2023 program
Total debt was $3.2 billion at June 30, 2023, down from $3.4 billion at December 31, 2022
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