SkyWest Inc ( (SKYW) ) has released its Q2 earnings. Here is a breakdown of the information SkyWest Inc presented to its investors.
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SkyWest, Inc. is a holding company for SkyWest Airlines, SkyWest Charter, and SkyWest Leasing, operating in the regional airline industry with partnerships with major airlines like United, Delta, American, and Alaska Airlines, connecting passengers to over 240 destinations across North America.
In its second quarter of 2025, SkyWest, Inc. reported a significant increase in net income, reaching $120 million, or $2.91 per diluted share, compared to $76 million, or $1.82 per diluted share, in the same period last year. The company also announced a strategic agreement to purchase and operate 16 new E175 aircraft for Delta Air Lines, expected to replace older models in their fleet.
Key financial metrics for SkyWest in Q2 2025 include a revenue increase to $1.0 billion, up 19% from the previous year, driven by a 19% increase in block hour production. Operating expenses rose by 16% to $865 million, attributed to higher flight production. The company also reduced its total debt from $2.7 billion at the end of 2024 to $2.5 billion by June 2025. Additionally, SkyWest expanded its share repurchase plan, buying back 195,000 shares during the quarter.
SkyWest’s fleet expansion plans are notable, with the delivery of two new E175 aircraft for United Airlines in Q2 2025 and a total of 74 new E175 aircraft anticipated by the end of 2028. The company is coordinating with its airline partners to optimize fleet deliveries, aiming to have nearly 300 E175 aircraft by 2028.
Looking ahead, SkyWest’s management remains optimistic about the company’s position for long-term growth, focusing on fleet optimization and service expansion in smaller communities. The company is poised to capitalize on regional flying demand, supported by strategic fleet acquisitions and partnerships with major airlines.