SkyWest Q2 FY26 net income falls 16% to $101 million; revenue rises 7% to $1.1 billion
SKYW•Balance sheet position at June 30
Cash and marketable securities totaled $601 million at June 30, 2026, down from $707 million at Dec. 31, 2025; total debt was $2.3 billion.
Costs increase during the quarter
Operating expenses climbed 9% to $947 million, driven by higher production-related costs and higher prorate fuel cost per gallon.
Fleet deal with American Airlines
SkyWest secured a deal to buy and operate 11 new E175s for American Airlines, replacing 11 CRJ700s; CEO Chip Childs cited plans to add 34 more E175s through 2028.
Quarterly profit falls as revenue rises
SkyWest posted Q2 2026 net income of $101 million, down 16% year over year, with diluted EPS of $2.54 versus $2.91.
Revenue rose 7% to as block hour production increased from Q2 2025.
