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Dec 31, 2024
SkyWest Q4 2024 Earnings Report
SkyWest's financial performance improved in Q4 2024 with increased revenue and net income.
Key Takeaways
SkyWest reported a strong Q4 2024 with a 26% increase in revenue to $944 million and net income of $97 million, or $2.34 per diluted share, compared to $18 million, or $0.42 per diluted share in Q4 2023. The company's block hour production increased by 20%, reflecting improvements in captain availability. SkyWest also took delivery of four new E175 aircraft and reached a multi-year contract extension with American Airlines.
Q4 2024 net income reached $97 million, or $2.34 per diluted share.
Revenue increased by 26% to $944 million compared to Q4 2023.
Block hour production increased by 20% due to improved captain availability.
SkyWest took delivery of four new E175 aircraft and extended its contract with American Airlines.