SkyWest Inc ( (SKYW) ) has released its Q1 earnings. Here is a breakdown of the information SkyWest Inc presented to its investors.
SkyWest, Inc. is a regional airline company operating in North America, providing passenger services through partnerships with major airlines such as United, Delta, American, and Alaska Airlines, with a fleet of approximately 500 aircraft connecting over 240 destinations.
SkyWest Inc. reported a strong financial performance for the first quarter of 2025, with significant increases in both revenue and net income compared to the same period last year. The company highlighted a 22% increase in block hour production and a multi-year contract extension with Delta Air Lines as key achievements.
The airline reported a pre-tax income of $121 million and a net income of $101 million, translating to $2.42 per diluted share, a substantial rise from the previous year’s figures. Revenue for the quarter reached $948 million, marking an 18% increase year-over-year, driven by improved captain availability, higher fleet utilization, and robust demand. Operating expenses also rose by 15% due to increased maintenance costs and flight production.
SkyWest’s liquidity remains strong with $751 million in cash and marketable securities, and a reduction in total debt to $2.6 billion. The company also invested $73 million in capital expenditures for fleet expansion and repurchased shares worth $13.7 million, reflecting confidence in its financial position.
Looking ahead, SkyWest is focused on optimizing fleet deliveries in coordination with its airline partners and aims to operate 278 E175 aircraft by the end of 2026. Despite macroeconomic uncertainties, the company remains committed to enhancing service to smaller communities and leveraging its fleet for long-term growth opportunities.