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SkyWest Inc (SKYW)
:SKYW
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.79Last Year’s EPS
0.42Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: 16.68%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, strategic fleet expansions, improved pilot staffing, and increased market share. However, concerns about increased maintenance costs and challenges in the third-party MRO network were also noted.Company Guidance
During the SkyWest Q3 2024 earnings call, the company reported a net income of $90 million, or $2.16 per diluted share, with a pretax income of $116 million. The third quarter revenue grew to $913 million, marking a 5% sequential increase from Q2 2024 and a 19% rise from Q3 2023. Contract revenue was $761 million, while prorate and charter revenue reached $123 million. SkyWest's cash position stood at $836 million, and the company reduced its debt to $2.7 billion. The company also repurchased 217,000 shares for $16.3 million during the quarter. SkyWest anticipates a 13% increase in block hour production for 2024, with a 10% rise expected in 2025. Additionally, capital expenditure for 2024 is projected to be between $320 million and $350 million, with an increase to approximately $500 million in 2025, driven by aircraft acquisitions, including 20 E175s scheduled for delivery by 2026.Record Net Income and Earnings Per Share
SkyWest reported a net income of $90 million or $2.16 per diluted share for Q3 2024, marking a strong financial performance.
Revenue Growth
Total Q3 revenue increased by 19% year-over-year to $913 million, with contract revenue up 20% from Q3 2023.
Fleet Expansion and Agreements
SkyWest reached an agreement with United for 40 CRJ550 aircraft and anticipates receiving 20 additional E175 aircraft by 2026.
Pilot Staffing Improvements
Continued improvement in captain availability and pilot staffing balance, with new hire classes filled through August next year.
Strong Market Share in Large Dual-Class Aircraft
SkyWest's regional market share in large dual-class aircraft increased to 30% in 2024, up from 23% in 2019.
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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 |
|---|---|---|---|
| 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% |
| Feb 01, 2024 | $54.09 | $58.51 | +8.17% |
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 Jan 30, 2025, TBA Not Confirmed.
What is SkyWest Inc (SKYW) earnings time?
SkyWest Inc (SKYW) earnings time is at Jan 30, 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 2024 (Q4) is 1.79.
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