SkyWest Q1 2026 net income rises to $102 million, or $2.50 per diluted share
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 23, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.