CSIMarket
 
Skywest Inc  (SKYW)
Other Ticker:  
 
    Sector  Transportation    Industry Airline
   Industry Airline
   Sector  Transportation
 
Price: $75.3300 $-0.94 -1.232%
Day's High: $77.32 Week Perf: -2.32 %
Day's Low: $ 75.27 30 Day Perf: 8.97 %
Volume (M): 314 52 Wk High: $ 79.56
Volume (M$): $ 23,678 52 Wk Avg: $50.37
Open: $75.96 52 Wk Low: $28.07



 Market Capitalization (Millions $) 3,126
 Shares Outstanding (Millions) 41
 Employees 9,642
 Revenues (TTM) (Millions $) 3,047
 Net Income (TTM) (Millions $) 117
 Cash Flow (TTM) (Millions $) 105
 Capital Exp. (TTM) (Millions $) 186

Skywest Inc

Through SkyWest Airlines and ExpressJet, we offer scheduled passenger service with approximately 3,600 daily departures to destinations in the United States, Canada, Mexico and the Caribbean. Substantially all of our flights are operated as Delta Connection, United Express, US Airways Express, American Eagle or Alaska under code-share arrangements with Delta Air Lines, Inc. ("Delta"), United Air Lines, Inc. ("United"), US Airways Group, Inc. ("US Airways"), American Airlines, Inc. ("American") or Alaska Airlines, Inc. ("Alaska"), respectively. SkyWest Airlines and ExpressJet generally provide regional flying to our partners under long-term, fixed-fee code-share agreements. Among other features of our fixed-fee agreements, our partners generally reimburse us for specified direct operating expenses (including fuel expense, which is passed through to our partners), and pay us a fee for operating the aircraft.

SkyWest Airlines and ExpressJet have developed industry-leading reputations for providing quality regional airline service during their long operating histories. SkyWest Airlines has been flying since 1972 and ExpressJet (and its predecessors) since 1979. Our consolidated fleet consisted of a total of 749 aircraft, of which 425 were assigned to United, 239 were assigned to Delta, 29 were assigned to American, 15 were assigned to US Airways, nine were assigned to Alaska, two were subleased to unaffiliated entities and 30 were removed from service. We currently operate two types of regional jet aircraft: the Bombardier Aerospace ("Bombardier") regional jet, which comes in three different configurations: the 50-seat Bombardier CRJ200 Regional Jet (the "CRJ200"), the 70-seat Bombardier CRJ700 Regional Jet (the "CRJ700") and the 70-90-seat Bombardier CRJ900 Regional Jet (the "CRJ900"); and the Embraer S.A. ("Embraer") regional jet, which we operate in three different configurations the 50-seat Embraer ERJ-145 regional jet (the "ERJ145"), the 37-seat Embraer ERJ-135 regional jet (the "ERJ135"), and the 76-seat Embraer E-175 jet (the "E175"). We also operate the 30-seat Embraer Brasilia EMB- 120 turboprop (the "EMB120").

We were incorporated in Utah in 1972. Our principal executive offices are located at 444 South River Road, St. George, Utah 84790, and our primary telephone number is (435) 634-3000. We maintain an Internet web site at www.skywest.com. Our website provides a link to the web site of the SEC, through which our annual, quarterly and current reports, as well as amendments to those reports, are available. In addition, we provide electronic or paper copies of our SEC filings free of charge upon request.

Majors, Low-Cost Carriers and Regional Airlines

The airline industry in the United States has traditionally been dominated by several major airlines, including American, Delta and United. The major airlines offer scheduled flights to most major U.S. cities, numerous smaller U.S. cities, and cities throughout the world through a hub and spoke network.

Low-cost carriers, such as Southwest Airlines Co. ("Southwest") and JetBlue Airways Corporation ("JetBlue"), generally offer fewer conveniences to travelers and have lower cost structures than major airlines, which permits them to offer flights to and from many of the same markets as the major airlines, but at lower prices. Low-cost carriers typically fly direct flights with limited service to smaller cities, concentrating on higher demand flights to and from major population bases.

Regional airlines, such as SkyWest Airlines, ExpressJet, Mesa, Air Wisconsin, Endeavor, Trans State and Republic, typically operate smaller aircraft on lower-volume routes than major and low-cost carriers. Several regional airlines, including Envoy, PSA, Piedmont and Horizon, are wholly-owned subsidiaries of major airlines.

In contrast to low-cost carriers, regional airlines generally do not try to establish an independent route system to compete with the major airlines. Rather, regional airlines typically enter into relationships with one or more major airlines, pursuant to which the regional airline agrees to use its smaller, lower-cost aircraft to carry passengers booked and ticketed by the major airline between a hub of the major airline and a smaller outlying city. In exchange for such services, the major airline pays the regional airline either a fixed flight fee, termed "contract" or "fixed-fee" flights, or receives a percentage of applicable passenger ticket revenues, termed "pro-rate" or "revenue-sharing" flights as described in more detail below.

Relationship of Regional and Major Airlines

Regional airlines generally enter into code-share agreements with major airlines, pursuant to which the regional airline is authorized to use the major airlines two-letter flight designator codes to identify the regional airlines flights and fares in the central reservation systems, to paint its aircraft with the colors and/or logos of its code-share partner and to market and advertise its status as a carrier for the code-share partner. For example, SkyWest Airlines primarily operates as United Express out of Chicago (OHare), Denver, Houston, Los Angeles and San Francisco; as Delta Connection out of Salt Lake City, Detroit and Minneapolis; as an Alaska carrier out of Seattle and Portland; as a US Airways carrier out of Phoenix; and as American Eagle out of Los Angeles. ExpressJet operates primarily as Delta Connection out of Atlanta and Detroit; as United Express out of Chicago (OHare), Houston, Cleveland, Newark, Denver and Washington Dulles; and as American Eagle out of Dallas. Code-share agreements also generally obligate the major airline to provide services such as reservations, ticketing, ground support and gate access to the regional airline, and both partners often coordinate marketing, advertising and other promotional efforts. In exchange, the regional airline provides a designated number of low-capacity (usually between 30 and 76 seats) flights between larger airports served by the major airline and surrounding cities, usually in lower-volume markets. The financial arrangements between the regional airlines and their code-share partners usually involve contractual or fixed-fee payments based on the flights or a revenue-sharing arrangement based on the flight ticket revenues, as explained below:

Fixed-Fee Arrangements. Under a fixed-fee arrangement (referenced in this report as a "fixed-fee arrangement," "contract flying" or a "capacity purchase agreement"), the major airline generally pays the regional airline a fixed-fee for each departure, flight or block time incurred, and an amount per aircraft in service each month with additional incentives based on completion of

flights, on- time performance and baggage handling performance. In addition, the major and regional airline often enter into an arrangement pursuant to which the major airline bears the risk of changes in the price of fuel and other such costs that are passed through to the major airline partner. Regional airlines benefit from a fixed-fee arrangement because they are sheltered from some of the elements that cause volatility in airline financial performance, including variations in ticket prices, passenger loads and fuel prices. However, regional airlines in fixed-fee arrangements do not benefit from positive trends in ticket prices (including ancillary revenue programs), passenger loads or fuel prices because the major airlines absorb most of these costs associated with the regional airline flight, and the margin between the fixed-fees for a flight and the expected per-flight costs tends to be smaller than the margins associated with revenue-sharing arrangements.

Revenue-Sharing Arrangements. Under a revenue-sharing arrangement (referenced in this report as a "revenue-sharing" arrangement or "pro-rate" arrangement), the major airline and regional airline negotiate a passenger fare proration formula, pursuant to which the regional airline receives a percentage of the ticket revenues for those passengers traveling for one portion of their trip on the regional airline and the other portion of their trip on the major airline. Substantially all costs associated with the regional airline flight are borne by the regional airline. In such a revenue-sharing arrangement, the regional airline realizes increased profits as ticket prices and passenger loads increase or fuel prices decrease and, correspondingly, the regional airline realizes decreased profits as ticket prices and passenger loads decrease or fuel prices increase.



   Company Address: 444 South River Road St. George 84790 UT
   Company Phone Number: 634-3000   Stock Exchange / Ticker: NASDAQ SKYW
   


Customers Net Income fell by SKYW's Customers Net Profit Margin fell to

-62.06 %

0.17 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AAL   -4.41%    
ALK        0.85% 
DAL   -2.28%    
JBLU   -8.18%    
LUV        0.36% 
UAL   -2.07%    
• View Complete Report
   



Skywest Inc

SkyWest Inc Soars with Impressive 16.158% Revenue Growth in First Quarter of 2024

SkyWest Inc, a leading regional airline company, has reported positive financial results for the first quarter of 2024. The company's bottom-line turned positive, with earnings per share of $1.45 compared to a loss of $0.45 per share in the previous year. Additionally, income per share increased by an impressive 236.97% from $0.43 per share in the preceding reporting season.
The company's revenue also saw significant growth, rising by 16.158% to $803.61 million from $691.83 million in the corresponding reporting season a year before. Sequentially, revenue experienced a 6.894% increase from $751.79 million. This growth in revenue places SkyWest Inc ahead of its peers in the airline sector, with an average top-line elevation of 6.09% during the same period.

Product Service News

SkyWest Soars to New Heights with Fleet Expansion and Financial Success

Published Sun, Mar 3 2024 9:00 PM UTC

SkyWest Expands Fleet and Reports Strong Financial Performance, Securing Profitability Amidst Market CompetitionIn a move that further strengthens its partnership with United Airlines and showcases its growth potential, SkyWest, Inc. has secured a new flying agreement to add 20 partner-financed E175 aircraft to its fleet. This four-year contract comes in addition to a previo...

Skywest Inc

Skyrocketing Success: Company Soars to New Heights with Record-Breaking Revenue Surge in Q4 2023

/>SkyWest Inc., a leading airline company, has released its financial results for the fiscal interval ending December 31, 2023. The company's bottom-line turned positive, with an earnings per share (EPS) of $0.43, compared to a loss of $0.93 per share in the previous year. Despite a slight decline in income per share and revenue in the reporting period, SkyWest Inc. showcased improving profit margins and highlighted its growth potential. This article aims to provide an overview of the company's financial results and their implications for investors.
1. Revenue Growth:
SkyWest Inc. recorded a 10.355% increase in revenue, amounting to $751.79 million, compared to $681.25 million in the comparable reporting period of the previous year. However, sequential revenue decreased by -1.877% from $766.17 million. The company's revenue growth reflects its ability to generate higher sales and capitalize on market opportunities.

Skywest Inc

Skywest Inc's Financials Plummet: -42% EPS Drop and -2.9% Revenue Decline in 2023


As a dedicated financial analyst, I have closely examined the recent financial results of Skywest Inc for The . The company disclosed a decline in earnings per share (EPS) by -42.71% to $0.55, accompanied by a revenue decrease of -2.948% to $766.17 million for the financial period ending September 30, 2023, compared to the previous year.
These figures denote a deviation from the preceding reporting season where EPS soared from $0.35 per share and revenue advanced by 5.585% from $725.64 million. Furthermore, net earnings of $23.478 million in the same period saw a significant decline of -51.46% from $48.372 million in the corresponding period a year prior.

Skywest Inc

Skywest Inc. Faces Shocking 67% Drop in Profits as Q2 2023 Revenue Plummets



Skywest Inc, a prominent airline company, recently released its financial results for the April to June 30, 2023 timeframe. Unfortunately, the company experienced a significant decline in income and revenue compared to the same reporting period the previous year. Additionally, there are concerns regarding the company's profitability, operating margin, and inventory levels. This article aims to interpret the financial results and provide an overview of the current challenges faced by Skywest Inc.
Financial Performance Overview:
During the April to June 30, 2023 timeframe, Skywest Inc witnessed a drop in income by 67.29% from $1.07 per share to $0.35 per share. This decline was primarily driven by a 9.191% decrease in revenue, which fell to $725.64 million. In the corresponding reporting period a year before, the company's revenue stood at $691.83 million.






 

Skywest Inc's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Skywest Inc does not provide revenue guidance.

Earnings Outlook
Skywest Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com