SkyWest Q2 2026 Earnings Call Transcript

On Thursday, SkyWest (NASDAQ: SKYW ) discussed second-quarter financial results during its earnings call.

The full transcript is provided below.

APIs provide real-time access to earnings call transcripts and financial data.

Visit to learn more.

The full earnings call is available at Summary SkyWest Inc. reported a net income of $101 million for Q2 2026, with earnings per share of $2.54, driven by strong demand despite higher fuel costs.

The company announced a major agreement with American Airlines for the purchase and operation of 11 new E175s, with plans for a total of 34 additional E175s by the end of 2028.

SkyWest Inc. has reduced its debt by $1 billion since 2020 and announced a $250 million increase to its stock repurchase program.

Operational highlights include a 99.9% adjusted completion rate on nearly 228,000 flights and recognition as one of America's Greatest Workplaces in 2026.

Future guidance suggests a 5% increase in block hour production for 2026, with anticipated GAAP EPS around $11, and strong demand expected to continue in both the contract and prorate segments.

Full Transcript OPERATOR Thank you for standing by and welcome to the SkyWest Inc. second quarter 2026 results call.

All lines have been placed on mute to prevent any background noise.

After the speaker's remarks, there will be a question-and-answer session.

If you would like to ask a question during that time, simply press star then the number one on your telephone keypad.

I would now like to turn the call over to Rob Simmons, Chief Financial Officer.

Sir, please go ahead.

Rob Simmons, Chief Financial Officer Thanks everyone for joining us on the call today.

As the operator indicated, this is Rob Simmons, SkyWest Chief Financial Officer.

On the call with me today are Chip Childs, President and Chief Executive Officer, Wade Steele, SkyWest Airlines President and Chief Operating Officer, and Eric Woodward, Chief Accounting Officer.

I'd like to start today by asking Eric to read the Safe Harbor.

Then I will turn the time over to Chip for some comments.

Following Chip, I will take us through the financial results.

Then Wade will discuss the fleet and related flying arrangements.

Following Wade, we will have the customary Q&A session with our sell-side analysts.

Eric Woodward, Chief Accounting Officer Today's discussion contains forward-looking statements that represent our current beliefs, expectations and assumptions regarding future events and are subject to risks and uncertainties.

We assume no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Actual results will likely vary and may vary materially from those anticipated, estimated or projected for a number of reasons.

Some of the factors that may cause such differences are included in our most recent Form 10-K and other reports and filings with the Securities and Exchange Commission.

And now I'll turn the call over to Chip.

Chip Childs, President and Chief Executive Officer Thank you Rob and Eric.

Good afternoon everyone and thank you for joining us on the call today.

Today SkyWest reported a net income of $101 million, or $2.54 per diluted share, for the second quarter of 2026.

The second quarter's results include increased block hours and were affected by higher fuel costs impacting our prorate business.

We are pleased to continue to see very strong demand both in our contract and prorate flying despite the higher fuel cost similar to our major partners.

That strong demand enabled us to offset about 60% of the fuel impact in the fare portion of our prorate business.

Overall, our disciplined strategic choices and continued execution have strengthened our model and we remain well positioned to adapt quickly to respond to market demands better than anybody else.

During the quarter, our people delivered 99.9% adjusted completion on nearly 228,000 flights.