Skywest, Inc. · NASDAQ:SKYW
Skywest — Q2 2026 Earnings Presentation
20 slides from Skywest's earnings presentation, August 2026
Slide 1: Investor Update Q3 2026
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Slide 3: Forward Looking Statements
Forward Looking Statements In addition to historical information, this presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “forecasts,” “expects,” “intends,” “believes,” “anticipates,” “estimates,” “should,” “like
Slide 4: Quarter Snapshot Developments
Quarter Snapshot Developments Financial Results Business Updates Adding 11 new E175s to contract Ended Q2-26 with $601m in Cash Deliveries in 2026 and 2027 Q2-26 Cash Activity Included: Growth from E175 order book +13 in 2026 $122m scheduled debt payments +17 in 2027 $24m debt issued for aircraft 30
Slide 5: E175 Growth Opportunity
E175 Growth Opportunity E175 Delivery Schedule 1H 2026 2H 2026 2027 2028 2029-2031 TOTAL 1 - - - - 1 1 7 - - - 8 - 4 7 - - 11 - - 10 6 - 16 Unassigned - - - 4 29 33 2 11 17 10 29 69 P R O P R I E TA RY – M AY N OT B E SHARED WITHOUT PERMISSION I N V E S T O R U P D AT E Q3 2026 5
Slide 6: CRJ900 Growth Opportunity
CRJ900 Growth Opportunity Available Aircraft: Other Anticipated CRJ900 Changes: Expirations expected 2027-2028, align with 16 Available for future opportunities, 6 includes 5 recent lease returns 15 DL E175 deliveries. Optimistic we can redeploy or lease these 900s to a third party. owned CRJ900 exp
Slide 7: CRJ700/550 Growth Opportunity
CRJ700/550 Growth Opportunity A CRJ550 is a CRJ700 in a 50-seat, dual-class configuration Available Aircraft: Additional Fleet Changes: Scheduled for 550 conversion 700s operating for , 6 for contract 6 converting to 550s in 2026 Expiration expected 2027-2028, align with 16 DL Operational spares avai
Slide 8: CRJ200/450 Growth Opportunity
CRJ200/450 Growth Opportunity A CRJ450 is a CRJ200 in a 41-seat, dual-class configuration Available Aircraft: Undergoing 450 conversion, will be added 4 to contract We expect to operate all Using as spare aircraft, may available for dual-class aircraft under 18 incremental opportunities contract and
Slide 9: Aircraft Under Agreement
Aircraft Under Agreement As of June 30, 2026 CONTRACT PRORATE CONTRACT PRORATE CONTRACT PRORATE CONTRACT PRORATE E175 • Own (10), debt (211) and partner financed (51) 272 122 - 87 - 20 - 43 - • Average age 8 years CRJ900 • Own (24) and partner financed (19) 43 - - 34 - 5 4 - - • Average age 17 years C
Slide 10: Prorate Markets
Prorate Markets As of June 30, 2026 Minneapolis Detroit Chicago Salt Lake City Denver Washington, DC Los Angeles Phoenix Dallas Houston MAP KEY Prorate represented 11% of our total departures in Q2 2026 Added 15 aircraft to prorate routes since Q2-25, up 33% P R O P R I E TA RY – M AY N OT B E SHARE
Slide 11: Cash Waterfall Q2-26
Cash Waterfall Q2-26 $ in Millions + Inflow - Outflow Q1-26 TO Q2-26 $1,200 $1,000 $(27) $800 $(139) $24 $248 $(122) $(25) $9 $600 $(75) $81 $400 $627 $601 $200 $- Q1-26 Q1-26 Cash EBITDA EBITDA Deferred Deferred Cap-Ex1 Cap-Ex New NewDebt Debt Debt Debt Interest Interest Expense Interest Interest Sto
Slide 12: Q2-26 Debt Summary
Q2-26 Debt Summary Debt Overview E175 Cash Flow Characteristics Our first 20 E175s delivered in 2014 $1.9b in aircraft financing are scheduled for debt payoff in 2026 Over 100 debt-financed E175s delivered from 2014 to 2017 $0.2b spare engine financing have debt maturities from 2026 to 2029 $0.2b debt f
Slide 13: E175 Debt Maturity Cash Accretion
E175 Debt Maturity Cash Accretion Annual Principal Payment Savings From E175 Debt Maturities E175 Aircraft 2026 2027 2028 2029 2030 Payoff Stack Payoff Year 36 2030 $24m 21 2029 $51m $19m 41 2028 $99m $99m 143 $19m E175s 25 2027 $61m $61m $61m $30m 20 2026 $49m $49m $49m $49m $13m Cash Savings by Ye
Slide 14: Q2-26 Aircraft Summary by Financing
Q2-26 Aircraft Summary by Financing CRJ % of FLEET E175s 900/700/550/200 TOTAL and E170 41% 211 - 211 Debt financed 46% 10 226 236 59% Owned, No Debt of the fleet we operate has no financing 13% 51 19 70 obligations Partner Provided Q2 2026 Aircraft in 272 245 517 Scheduled Service E175 debt terms We h
Slide 15: Income Waterfall Q2-25 to Q2-26
Income Waterfall Q2-25 to Q2-26 $ in Millions + Favorable - Unfavorable Q2-25 TO Q2-26 280 $(9) 240 $4 $(37) $56 200 $(4) $(3) $20 $(33) $(8) 160 $(10) 120 $80 $163 $139 $40 $- Q2-25 Q2-25 E175s E175s CRJs CRJs Prorate Prorate Leasing Leasing Deferred Deferred Labor Costs Labor Maintenance Maintenan
Slide 16: Accolades
Accolades P R O P R I E TA RY – M AY N OT B E SHARED WITHOUT PERMISSION I N V E S T O R U P D AT E Q3 2026 16
Slide 17: CRJ550
CRJ550
Slide 18: CRJ450
CRJ450
Slide 19: Notes
Notes P R O P R I E TA RY – M AY N OT B E SHARED WITHOUT PERMISSION I N V E S T O R U P D AT E Q3 2026 19
Slide 20: Investor Update
INVESTOR UPDATE Q3 2026 I N C . S K Y W E S T. C O M