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SkyWest Inc (SKYW)
:SKYW
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.06Last Year’s EPS
1.45Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: -27.12%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, contract extensions, and improvements in pilot staffing, which are positive indicators for the company's future. However, the tragic aviation incident and ongoing maintenance challenges were significant concerns. Despite these challenges, the overall sentiment leans towards optimism due to robust financial results and growth strategies.Company Guidance
During the SkyWest, Inc. Fourth Quarter and Full Year 2024 Results Call, the company provided several key metrics and guidance for the coming year. SkyWest reported a fourth-quarter net income of $97 million or $2.34 per diluted share, with a total annual net income of $323 million or $7.77 per diluted share. The total revenue for Q4 2024 was $944 million, up 26% from the same quarter in 2023, with contract revenue comprising $786 million. The company highlighted a 12% increase in block hour production expected for 2025, which would approach pre-COVID utilization levels. SkyWest plans to receive 16 new E175 aircraft by 2026, bringing the total to 278, and expects a 12% increase in block hours for 2025 compared to 2024. Additionally, SkyWest has extended its contract with American Airlines for 74 CRJ700s and completed agreements with United and Delta for CRJ550s. The company forecasts a 2025 Capital Expenditure of approximately $600 million, including the purchase of 8 new E-175s. SkyWest also plans to repay over $400 million in debt in 2025, aiming for an EPS of around $9 per share if its strategies are successfully executed.Strong Financial Performance
SkyWest reported a net income of $97 million for Q4 2024 and $323 million for the full year, with earnings per share of $2.34 and $7.77 respectively.
Increased Block Hour Production
The company anticipates a 12% increase in block hour production for 2025 compared to 2024, approaching pre-COVID utilization levels.
Contract Extensions and Fleet Growth
SkyWest extended its contract with American Airlines for 74 CRJ700s and announced it will have 278 total E-175s by the end of 2026.
Improved Pilot Staffing
Pilot staffing balance and outlook have improved, with measures ensuring long-term stabilization.
Strong Cash Flow and Debt Reduction
Generated over $500 million in free cash flow in 2024, repaid significant debt, and reduced leverage ratios to the lowest point in over a decade.
Recognition and Industry Leadership
SkyWest was named one of Fortune's World's Most Admired Companies for 2025, being the only regional airline on the list.
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SKYW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SKYW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $116.76 | $120.92 | +3.56% |
| Oct 31, 2024 | $95.20 | $101.33 | +6.44% |
| Jul 25, 2024 | $84.48 | $76.74 | -9.16% |
| Apr 25, 2024 | $73.14 | $73.66 | +0.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SkyWest Inc (SKYW) report earnings?
SkyWest Inc (SKYW) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is SkyWest Inc (SKYW) earnings time?
SkyWest Inc (SKYW) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SKYW EPS forecast?
SKYW EPS forecast for the fiscal quarter 2025 (Q1) is 2.06.
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