SkyWest Q4 2021 Earnings Report

Reported financial results with improved performance due to flying demand recovery.

Key Takeaways

SkyWest reported a net income of $4 million, or $0.09 per diluted share, for Q4 2021, compared to a net loss of $46 million, or $0.93 loss per share, for Q4 2020. The company's financial results improved from 2020 due to the flying demand recovery from COVID-19.

Q4 2021 Pre-tax income of $5 million, net income of $4 million, or $0.09 per diluted share

Full year 2021 pre-tax income of $151 million, net income of $112 million, or $2.20 per diluted share

Full year 2021 adjusted pre-tax income of $235 million, adjusted net income of $176 million, or $3.46 per diluted share, excluding a non-cash impairment charge in Q3 2021

Partnered with Eve Air Mobility, an Embraer company (“Eve”), including an option to purchase up to 100 electric vertical takeoff and landing aircraft (“eVTOL”)

Previous year: -$0.93

-109.7%

Gross Profit

$107M

Previous year: $24.6M

+335.9%