SkyWest Q2 net income falls to $101 million; board approves $250 million buyback increase
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.
Key points
- 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.
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 July 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.