Loading...
•
Mar 31, 2024
SkyWest Q1 2024 Earnings Report
SkyWest reported a net income of $60 million for Q1 2024, with revenue up by 16% compared to Q1 2023.
Key Takeaways
SkyWest, Inc. reported financial results for Q1 2024, including a net income of $60 million, or $1.45 per diluted share, compared to a net loss of $22 million, or $0.45 loss per share, for Q1 2023. Revenue increased by 16% to $804 million, and block hour production increased by 5%.
Q1 2024 pre-tax income was $80 million, with a net income of $60 million, or $1.45 per diluted share.
SkyWest took delivery of three E175 partner-financed aircraft under an agreement with United Airlines.
Block hour production increased by 5% in Q1 2024 compared to Q1 2023.
Captain availability has improved, allowing SkyWest to meet partners’ demand for additional production.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...