Mar 31, 2021

SkyWest Q1 2021 Earnings Report

Reported a profit in the first quarter of 2021.

Key Takeaways

SkyWest, Inc. reported financial and operating results for Q1 2021, including net income of $36 million, or $0.71 per diluted share. Revenue was $535 million, down from $730 million in Q1 2020.

Net income of $36 million, or $0.71 per diluted share.

Revenue was $535 million, down from $730 million in Q1 2020.

Operating expenses were $454 million, down from $664 million in Q1 2020.

Cash and marketable securities at $836 million at March 31, 2021.

Total Revenue
$535M
Previous year: $730M
-26.8%
EPS
$0.71
Previous year: $0.59
+20.3%
Gross Profit
-$57.8M
Previous year: $136M
-142.6%
Cash and Equivalents
$836M
Previous year: $578M
+44.6%
Free Cash Flow
$227M
Previous year: $266M
-14.5%
Total Assets
$6.89B
Previous year: $6.66B
+3.5%

SkyWest

SkyWest