SkyWest reported second quarter 2026 revenue of $1.1 billion, up 7% year-over-year, while diluted EPS of $2.54 declined from $2.91 in the same quarter last year. The results reflect higher fleet utilization and demand, offset by increased operating expenses.
Key Highlights
- Revenue growth was driven by a 5.4% year-over-year increase in total block hour production, which also grew 9% sequentially from the first quarter.
- The company announced its Board of Directors approved a $250 million increase to its stock repurchase program, bringing total authorization to approximately $313 million.
- SkyWest secured a new agreement to purchase and operate 11 new E175 aircraft for American Airlines, which are expected to replace 11 older CRJ700s.