Table of Contents SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-14719 SKYWEST, INC. Incorporated under the laws of Utah 87-0292166 (I.R.S. Employer ID No.) 444 South River Road St. George, Utah 84790 (43 ...

SkyWest, Inc. (NASDAQ:SKYW) Q3 2024 Earnings Conference Call October 31, 2024 4:30 PM ET Company Participants Rob Simmons - Chief Financial Officer Eric Woodward - Chief Accounting Officer Chip Childs - President and Chief Executive Officer Wade Steel - Chief Commercial Officer Conference Call Participants Mike Linenberg - Deutsche Bank Savi Syth - Raymond James Tom Fitzgerald - TD Cowen Operator Hello and welcome to the SkyWest Incorporated Third Quarter 2024 Results Call. [Operator Instructions] As a remi ...

SkyWest (SKYW) came out with quarterly earnings of $2.16 per share, beating the Zacks Consensus Estimate of $1.92 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this regional airline would post earnings of $1.73 per share when it actually produced earnings of $1.82, delivering a surprise of 5.20%.Over the last four quarters, the company ...

Financial Performance - Q3 2024 pre-tax income of $116 million, net income of $90 million, or $2.16 per diluted share[1] - Revenue increased by 19% to $913 million in Q3 2024 compared to $766 million in Q3 2023[3] - Operating expenses rose by 9% to $781 million in Q3 2024 from $717 million in Q3 2023[4] - SkyWest had $836 million in cash and marketable securities as of September 30, 2024[5] - Cash and marketable securities increased slightly to $836,042 thousand as of September 30, 2024, compared to $835,223 thousand at the end of 2023[18] - Total assets decreased to $6,956,600 thousand as of September 30, 2024, from $7,026,293 thousand at the end of 2023[18] Debt and Share Repurchase - Total debt decreased to $2.7 billion as of September 30, 2024, down from $3.0 billion at December 31, 2023[5] - Long-term debt decreased to $2,196,548 thousand as of September 30, 2024, from $2,562,183 thousand at the end of 2023[18] - SkyWest repurchased 217,000 shares of common stock for $16.3 million during Q3 2024[6] Aircraft and Contracts - SkyWest reached an agreement with United Airlines to place 40 CRJ550s under a multi-year contract, including acquiring 11 used CRJ550s and converting 29 CRJ700s[8] - SkyWest received 20 E175 partner-financed aircraft deliveries year-to-date Q3 2024[9] - By the end of 2026, SkyWest is scheduled to operate a total of 278 E175 aircraft[7] - Cumulative deferred revenue under flying contracts was $342 million as of September 30, 2024[3] - Total aircraft in service or under contract remained stable at 484 as of September 30, 2024, compared to 485 at the end of 2023[20] - E175 aircraft increased to 258 as of September 30, 2024, up from 237 at the end of 2023[20] Operational Metrics - Total block hours increased by 15.0% to 334,459 for the three months ended September 30, 2024, compared to the same period in 2023[22] - Passengers carried increased by 10.3% to 11,263,322 for the three months ended September 30, 2024, compared to the same period in 2023[22] - Adjusted flight completion remained stable at 99.9% for the three months ended September 30, 2024, consistent with the same period in 2023[22] - Passenger load factor decreased by 1.4 percentage points to 83.7% for the three months ended September 30, 2024, compared to the same period in 2023[22] - Average trip length increased by 2.0% to 455 miles for the three months ended September 30, 2024, compared to the same period in 2023[22]

SkyWest (SKYW) is scheduled to release third-quarter 2024 results on Oct. 31, after market close. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and revenues is pegged at $1.92 per share and $887.48 million, respectively. The earnings estimate for the to-be-reported quarter has remained stable in the past 60 days. The bottom-line expectation indicates year-over-year growth of 249.1%. The Zacks Consensus Estimate ...

With just one subscription to Beyond the Wall Investing , you can save thousands of dollars a year on equity research reports from banks. You'll keep your finger on the pulse and have access to the latest and highest-quality analysis of this type of information.According to the latest 10-Q , SkyWest, Inc. (NASDAQ: SKYW ) is a $3.8-billion market cap regional airline operating company based in Saint George, Utah, founded in 1972. The firm operates 2 operating businesses: SkyWest Airlines and SkyWest Leasing. ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about SkyWest (SKYW) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.SkyWest currently has an average brokerage recommendation (ABR) ...

SkyWest (SKYW) closed at $87.35 in the latest trading session, marking a +0.9% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.71%. Meanwhile, the Dow experienced a rise of 1.03%, and the technology-dominated Nasdaq saw an increase of 0.6%. The regional airline's stock has climbed by 15.88% in the past month, exceeding the Transportation sector's gain of 3.49% and the S&P 500's gain of 6.41%. Investors will be eagerly watching for the performance of SkyWest in its upc ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about SkyWest (SKYW) . SkyWest currently has an average brokerage reco ...

SkyWest (NASDAQ: SKYW ) is the largest regional airline in the US with a fleet of 600 (475 owned) aircraft, flying scheduled passengers across and within the US, Canada and Mexico. SkyWest doesn't operate as a traditional I'm an IMC qualified contributor who's followed financial markets for 5 years and has worked professionally in primary investment research for over 2 years. I'm a generalist who enjoys researching businesses from a buttom's up angle with a deep interest in smaller under covered companies w ...