Jun 30, 2024

SkyWest Q2 2024 Earnings Report

SkyWest reported a profitable second quarter in 2024, with increased revenue and net income compared to the same period last year.

Key Takeaways

SkyWest, Inc. reported a net income of $76 million, or $1.82 per diluted share, for Q2 2024, compared to a net income of $15 million, or $0.35 per diluted share, for Q2 2023. Revenue increased by 19% to $867 million. The company took delivery of eight E175 partner-financed aircraft and saw a 12% increase in block hour production.

Net income for Q2 2024 was $76 million, or $1.82 per diluted share.

Revenue for Q2 2024 increased by 19% to $867 million.

SkyWest took delivery of eight E175 aircraft under a previous agreement with United Airlines.

Block hour production increased by 12% compared to Q2 2023.

Total Revenue
$867M
Previous year: $726M
+19.5%
EPS
$1.82
Previous year: $0.35
+420.0%
Gross Profit
$192M
Previous year: $106M
+81.2%
Cash and Equivalents
$834M
Previous year: $862M
-3.3%
Free Cash Flow
$159M
Previous year: $182M
-12.3%
Total Assets
$6.96B
Previous year: $7.12B
-2.2%

SkyWest

SkyWest

SkyWest Revenue by Segment

Revenue & Expenses

Visualization of income flow from segment revenue to net income