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Mar 31
SkyWest Q1 2025 Earnings Report
SkyWest reported a profitable first quarter with significant year-over-year growth in revenue and net income.
Key Takeaways
SkyWest delivered a strong Q1 2025 with improved financial performance supported by increased block hour production, a new Delta contract extension, and higher fleet utilization despite macroeconomic uncertainties.
Net income rose to $101 million, driven by increased demand and operational efficiency.
Revenue grew 18% year-over-year to $948 million.
Block hour production increased by 22% compared to Q1 2024.
SkyWest extended its contract with Delta for 16 CRJ aircraft.
SkyWest
SkyWest
SkyWest Revenue by Segment
Revenue by Segment
Flying Agreements Revenue
CapyFin.comLease & Other Revenue
CapyFin.com Forward Guidance
SkyWest anticipates continued growth through increased fleet deployment and ongoing demand from partners, though challenges remain due to macroeconomic uncertainty and staffing.
Positive Outlook
- Strong demand continues for regional air service.
- Improved fleet utilization supports higher production.
- Extended Delta contract solidifies future operations.
- Delivery of new E175 aircraft scheduled through 2026.
- Company committed to improving smaller community access.
Challenges Ahead
- Macroeconomic uncertainty could affect demand.
- Ongoing industry-wide pilot availability concerns.
- Expected incremental maintenance costs on CRJ fleet.
- Reduction in cash reserves quarter-over-quarter.
- Challenges related to fluctuating fuel and supply costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income