SkyWest Reports Strong Q2 Earnings Amid Fleet Expansion
SkyWest Inc. (NASDAQ: SKYW) reported second-quarter net income of $101 million, or $2.54 per diluted share for the quarter ended June 30, 2026. The company attributed its strong performance to increased flying demand and higher block hours that helped offset rising fuel costs in its prorate business. Revenue rose to $1.1 billion during Q2, up from both previous quarters of 2025 and 2026. SkyWest also announced a new agreement with American Airlines for the delivery of 11 Embraer E175 aircraft over 2026 and 2027, adding to its existing order book. The company now has 67 firm orders for these planes and expects its fleet size to reach 300 by year-end 2027. Additionally, SkyWest repurchased $75 million in stock during the quarter and received board approval for an additional $250 million buyback authorization. Looking ahead, management anticipates full-year earnings per share of around $11, assuming continued prorate fuel volatility with a projected average jet fuel price of $3.65 per gallon for the second half of 2026.