SkyWest Boosts Fleet with 53 New E175s, Bags 13.8% Revenue Growth
SkyWest reported 13.8% year-over-year growth in flying agreement revenues, carried 8.7% more passengers and received five E175 jets in Q4 2025, securing 53 additional E175s via multi-year contracts. SkyWest closed Q4 with $706.9M in cash and securities against $546.8M in debt and $213M remaining in its $250M buyback program.
1. Revenue and Traffic Growth
SkyWest’s flying agreement revenues grew 13.8% year-over-year in 2025, supported by $264.6 million in deferred revenues as of December 31, 2025. Passenger traffic rose 8.7% and departures increased 12.6% year-over-year, driving 95.7% of total revenue.
2. Fleet Modernization Contracts
The carrier took delivery of five E175 jets in Q4 2025 and secured multi-year contract extensions for 53 additional E175s, including 40 with United and 13 with Delta. United and Alaska are scheduled to deliver nine E175s in 2026, while Delta has 16 slated for 2027 and 2028, positioning SkyWest for nearly 300 E175s by year-end 2028 and granting Embraer rights for 44 deliveries from 2028–2032 plus purchase rights on 50 more aircraft.
3. Financial Flexibility and Share Repurchases
The company closed Q4 2025 with $706.9 million in cash and securities against $546.8 million in debt, and reduced long-term debt to $1.84 billion (46.6% debt-to-capitalization). In May 2025, its share repurchase plan was increased by $250 million, and SkyWest bought back 268,000 shares for $27 million in Q4 2025, leaving $213 million available.