Latest Press Releases

ST. GEORGE, UTAH, October 30, 2018 -- SkyWest, Inc. (NASDAQ: SKYW) (“SkyWest”) today reported financial and operating results for Q3 2018, including net income of $83 million, or $1.57 per diluted share, compared to net income of $54 million, or $1.01 per diluted share for Q3 2017. Q3 2018 pre-tax income of $110 million increased 27% from Q3 2017, primarily due to SkyWest’s ongoing fleet transition.

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ST. GEORGE, UTAH, July 26, 2018 -- SkyWest, Inc. (NASDAQ: SKYW) (“SkyWest”) today reported financial and operating results for Q2 2018, including net income of $76 million, or $1.43 per diluted share, compared to net income of $50 million, or $0.95 per diluted share for Q2 2017. Q2 2018 pre-tax income of $98 million increased 21% from Q2 2017 and was primarily due to SkyWest’s ongoing fleet transition.

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ST. GEORGE, UTAH, April 26, 2018 -- SkyWest, Inc. (NASDAQ: SKYW) (“SkyWest”) today reported financial and operating results for Q1 2018, including net income of $54 million, or $1.03 per diluted share, compared to net income of $35 million, or $0.65 per diluted share for Q1 2017.

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ST. GEORGE, Utah, February 1, 2018 -- SkyWest, Inc. (NASDAQ: SKYW) (“SkyWest”) today reported financial and operating results for Q4 2017, including net income of $290 million, or $5.46 per diluted share, compared to net loss of $270 million, or $5.22 loss per diluted share for Q4 2016. Excluding special items in both periods, adjusted net income was $43 million, or $0.81 per diluted share for Q4 2017, compared to adjusted net income of $29 million, or $0.54 per diluted share for Q4 2016.1 Q4 2017 adjusted earnings per diluted share of $0.81 did not include a $247 million after-tax benefit from the revaluation of our net deferred tax liability that was included in our GAAP results for the quarter.

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ST. GEORGE, Utah, October 25, 2017 -- SkyWest, Inc. (NASDAQ: SKYW) (“SkyWest”) today reported financial and operating results for Q3 2017, including net income of $54 million, or $1.01 per diluted share, compared to net income of $41 million, or $0.79 per diluted share for Q3 2016. The Q3 2016 results included early lease return costs of $9 million, representing a reduction of $0.11 in diluted earnings (previously reported). The Q3 2017 diluted earnings per share increased 28 percent from Q3 2016, or 12 percent after adjusting for the early lease charges included in the Q3 2016 results. The improvement in net income over Q3 2016 was primarily due to SkyWest’s continued fleet transition, including the addition of 37 new E175s, and the removal of 50 ERJ145s/135s and 22 CRJ200s since Q3 2016.

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ATLANTA, August 9, 2017 – ExpressJet Airlines, a wholly-owned subsidiary of SkyWest, Inc. (NASDAQ: SKYW) today announced the initiation of a clearly defined long-term strategy.

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ST. GEORGE, UT, PRNewswire/ -- SkyWest, Inc., (NASDAQ: SKYW) (“SkyWest”) today reported 152,128 block hours in April 2017, compared to 160,322 block hours in April 2016, a decrease of 8,194 or 5.1%. The net decrease was consistent with SkyWest’s fleet transition plan to improve the mix of aircraft in its fleet by adding new E175 aircraft, while reducing its 50-seat jets.

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ST. GEORGE, UT, May 10, 2017 /PRNewswire/ -- SkyWest, Inc (NASDAQ: SKYW) today announced that its Board of Directors declared a quarterly dividend of $.08 per share, which will be paid on July 7, 2017 to shareholders of record at the close of business on June 30, 2017.

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ST. GEORGE, UT, PRNewswire/ -- SkyWest, Inc., (NASDAQ: SKYW) (“SkyWest”) today reported 161,884 block hours in March 2017, compared to 171,643 block hours in March 2016, a decrease of 9,759 or 5.7%. The net decrease was consistent with SkyWest’s fleet transition plan to improve the mix of aircraft in its fleet by adding new E175 aircraft, while reducing its 50-seat jets.

The year-over-year net change was primarily driven by approximately 13,300 additional block hours from its E175 aircraft and a decrease of approximately 23,100 block hours from its other aircraft types.

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ST. GEORGE, UT, PRNewswire/ -- SkyWest, Inc., (NASDAQ: SKYW) (“SkyWest”) today reported 137,136 block hours in February 2017, compared to 152,822 block hours in February 2016, a decrease of 15,686 or 10.3%. The net decrease was consistent with SkyWest’s fleet transition plan to improve the mix of aircraft in its fleet by adding new E175 aircraft, while reducing its 50-seat jets.

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