SkyWest Q3 2024 Earnings Report
Key Takeaways
SkyWest reported a strong Q3 2024, with a notable increase in net income to $90 million, or $2.16 per diluted share, compared to $23 million, or $0.55 per diluted share in Q3 2023. Revenue also increased to $913 million, up 19% from $766 million in the same quarter last year. The company reached an agreement with United Airlines to place 40 CRJ550s under a multi-year contract and took delivery of nine E175 partner-financed aircraft.
Net income increased to $90 million, or $2.16 per diluted share, compared to $23 million, or $0.55 per diluted share for Q3 2023.
Revenue increased to $913 million, up 19% from $766 million in Q3 2023.
SkyWest reached an agreement with United Airlines to place 40 CRJ550s under a multi-year contract.
The company took delivery of nine E175 partner-financed aircraft under a previously announced agreement with United.
SkyWest
SkyWest
SkyWest Revenue by Segment
Forward Guidance
SkyWest is coordinating with its major airline partners to optimize the timing of upcoming announced fleet deliveries. By the end of 2026, SkyWest is scheduled to operate a total of 278 E175 aircraft. The aircraft are anticipated to be placed into service between late 2024 and the end of 2026.
Revenue & Expenses
Visualization of income flow from segment revenue to net income