SkyWest (SKYW)
Operates partner-branded regional flights and aircraft leasing for major U.S. airlines.
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Operates partner-branded regional flights across North America, primarily under fixed-fee capacity-purchase agreements, while leasing, prorate flying, and charter service add other revenue streams. Major airline partners control most schedules, pricing, ticketing, and seat inventory, making contract relationships, qualified labor, and FAA certification central to the model.
Operates regional passenger flights across the United States, Canada, and Mexico through SkyWest Airlines, with nearly all service marketed as United Express, Delta Connection, American Eagle, or Alaska Airlines. Most flying uses fixed-fee capacity-purchase agreements; major-airline partners set schedules, pricing, ticketing, and seat inventory while reimbursing specified operating costs. Prorate routes leave fare and fuel exposure with the operator.
SkyWest Leasing captures aircraft ownership and financing economics tied mainly to E175s and also leases aircraft and engines to third parties. SkyWest Charter provides on-demand CRJ200 service and holds commuter-air-carrier authorization. Operational execution centers on flight completion, on-time performance, crew training, and maintenance. The model depends on major-airline contracts, qualified labor, and FAA operating and airworthiness approvals.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 2, 2026 | Goldman Sachs | Downgrade | Target: $119 | Target: $108 |
| Jan 26, 2026 | Cantor Fitzgerald | Target | Target: $132 | Target: $122 |
| Oct 31, 2025 | Cantor Fitzgerald | Target | Target: — | Target: $132 |
| Oct 1, 2025 | Raymond James | Upgrade | Target: $125 | Target: $140 |
| Apr 8, 2025 | Goldman Sachs | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $601.0M · Total debt $2.30B · Total assets $7.41B · Shareholders' equity $2.76B
- Revenue
- $1.10B
- Operating income
- $155.8M
- Net income
- $100.7M
No dividends on record.
| Institutions | 95.08% | 36.92M shares | |
|---|---|---|---|
| 356 holders · as of Jun 30, 2026 | |||
| Insiders | 1.83% | 710.1K shares | |
| 12 holders · as of Aug 5, 2026 | |||
| Other | 3.09% | 1.20M shares | |
| remainder | |||
38.83M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 17.70% | 6.87M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 7.66% | 2.97M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 6.61% | 2.57M | as of Jun 30, 2026 |
American Century Companies IncInstitution | 5.80% | 2.25M | as of Jun 30, 2026 |
FMR LLCInstitution | 4.52% | 1.76M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 3, 2026 | Wade J. Steel | officer: CHIEF COMMERCIAL OFFICER | −22,000 | $111.44 |
| Jul 29, 2026 | Robert J. Simmons | officer: CHIEF FINANCIAL OFFICER | −25,000 | $110.49 |
| Jul 30, 2026 | Greg Wooley | officer: EXEC VP OPERATIONS | −17,726 | $108.55 |
| Jul 28, 2026 | Russell A. Childs | director, officer: PRESIDENT & CEO | −50,500 | $113.21 |
| Feb 24, 2026 | Wade J. Steel | officer: CHIEF COMMERCIAL OFFICER | −20,629 | $106.53 |
- Republic Airways
Direct public regional-airline peer after the Mesa merger
- American Airlines Group
Owns American Eagle regionals that bracket SkyWest capacity
- Delta Air Lines
Owns Endeavor and allocates Delta Connection regional flying
- Alaska Air Group
Owns Horizon, the Alaska regional operator beside SkyWest
- United Airlines
Controls United Express capacity contested by regional partners
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| SkyWest | $101.06 | +0.86% | $3.97B | 10.0 | 8.7 | 0.9 | +6.5% |
| Republic Airways | $18.61 | +2.99% | $846.2M | — | 4.9 | 0.5 | +515.5% |
| American Airlines Group | $13.50 | −0.55% | $8.98B | — | 12.9 | 0.2 | +16.3% |
| Delta Air Lines | $82.66 | +0.19% | $54.25B | 13.7 | 10.7 | 0.8 | +18.7% |
| Alaska Air Group | $41.91 | +0.01% | $4.67B | — | 43.2 | 0.3 | +9.8% |
| United Airlines | $114.44 | +0.04% | $37.13B | 10.7 | 9.1 | 0.6 | +16.0% |
| Median | 12.2 | 10.7 | 0.5 | +16.3% |