Business
SkyWest, Inc. Announces Second Quarter 2025 Profit
Second Quarter 2025 Summary Q2 2025 pre-tax income of $163 million, net income of $120 million, or $2.91 per diluted share Q2 2025 block hour production
About this update from Skywest, Inc.
[{"type":"text","content":"\nSecond Quarter 2025 Summary\n\n\n\nQ2 2025 pre-tax income of $163 million, net income of $120 million, or $2.91 per diluted share\n\n\n\nQ2 2025 block hour production increased by 19% compared to Q2 2024 and 7% compared to Q1 2025\n\n\n\nAs previously announced, SkyWest secured an agreement to purchase and operate 16 new E175 aircraft for Delta Air Lines\n\n\n\n ST. GEORGE, Utah--(BUSINESS WIRE)--\nSkyWest, Inc. (NASDAQ: SKYW) (“SkyWest”) today reported financial and operating results for Q2 2025, including net income of $120 million, or $2.91 per diluted share, compared to net income of $76 million, or $1.82 per diluted share, for Q2 2024.\n\n\nAs previously announced, SkyWest secured an agreement to purchase and operate 16 new E175 aircraft under a multi-year flying contract for Delta Air Lines (“Delta”). The 16 new E175 aircraft are expected to replace 11 CRJ900s and 5 CRJ700s SkyWest is currently flying under contract with Delta. SkyWest is scheduled to purchase the 16 E175s from Embraer with delivery dates in 2027 and 2028.\n\n\nCommenting on the results, Chip Childs, President and Chief Executive Officer of SkyWest, said, “Demand for our product remains solid. We believe we are well-positioned to deploy our capital for long-term growth and fleet opportunities, including service expansion in smaller communities and optimizing our fleet to meet the demand for regional flying. I want to thank our team of professionals for delivering an outstanding performance during the second quarter.”\n\n\nFinancial Results\n\n\nRevenue was $1.0 billion in Q2 2025, up $168 million, or 19%, from $867 million in Q2 2024. SkyWest’s Q2 2025 block hour production increased 19% compared to Q2 2024, which reflects improvements in captain availability, higher fleet utilization and strong demand.\n\n\nOperating expenses were $865 million in Q2 2025, up $118 million, or 16%, from $747 million in Q2 2024, driven by the increase in flight production year-over-year, partially offset by operating efficiencies from higher utilization of our fleet.\n\n\nCapital and Liquidity\n\n\nSkyWest had $727 million in cash and marketable securities at June 30, 2025, compared to $802 million at December 31, 2024.\n\n\nTotal debt at June 30, 2025 was $2.5 billion, down from $2.7 billion at December 31, 2024. Capital expenditures during Q2 2025 were $169 million for t...