SkyWest (SKYW)
(Delayed Data from NSDQ)
$76.29 USD
+1.88 (2.53%)
Updated Aug 23, 2024 04:00 PM ET
After-Market: $76.36 +0.07 (0.09%) 7:58 PM ET
3-Hold of 5 3
A Value B Growth C Momentum A VGM
Company Summary
SkyWest, founded in 1972, is based in St. George, UT and operates as a regional airline in the United States through its subsidiary SkyWest Airlines.
SkyWest is also the holding company of an aircraft leasing company. In January 2019, SkyWest completed the sale of its erstwhile subsidiary, ExpressJet Airlines, to United Airlines joint venture — ManaAir LLC.
SkyWest Airlines offers high-quality regional service to airports located primarily in the Midwestern and Western United States as well as Mexico and Canada. The carrier primarily operates from Chicago (O’Hare), Denver, Houston, Los ...
Company Summary
SkyWest, founded in 1972, is based in St. George, UT and operates as a regional airline in the United States through its subsidiary SkyWest Airlines.
SkyWest is also the holding company of an aircraft leasing company. In January 2019, SkyWest completed the sale of its erstwhile subsidiary, ExpressJet Airlines, to United Airlines joint venture — ManaAir LLC.
SkyWest Airlines offers high-quality regional service to airports located primarily in the Midwestern and Western United States as well as Mexico and Canada. The carrier primarily operates from Chicago (O’Hare), Denver, Houston, Los Angeles, Minneapolis, Phoenix, Salt Lake City, San Francisco and Seattle airports.
Offering scheduled regional airline service under code-share agreements (a deal between airlines allowing them to use each other’s codes on flights among other things) with its airline partners, forms the basis of the company’s operating model. On a daily basis, SkyWest is responsible for operating more than 2,100 flights to multiple destinations in North America.
SkyWest provides regional operations to its major airline partners under long-term, fixed-fee, code-share agreements. The company has codeshare agreements with key airline players like Delta Air Lines, American Airlines, United and Alaska Airlines.
The fixed-fee agreement with these companies obligate the respective major airline partner to refund the amount of fuel costs SkyWest incurs under those agreements.
Under the prorate agreements with Delta, United Airlines, and American Airlines, SkyWest is liable to cover the costs including fuel expenses of operating the concerned flights. Going by historical evidence, these multiple agreements consisting of a mix of fixed-fee and prorate flying arrangements should bolster the company’s operating results.
In 2023, 96.5% of the company's operating revenues of $3 billion came from flying agreements. The rest came from airport customer services and others. As of December 31, 2023, SKYW had a total of 485 aircraft in scheduled service or under contract (which includes 237 E175s, 41 CRJ900s, 118 CRJ700s and 89 CRJ200s in its fleet).
General Information
SkyWest, Inc
444 South River Road
St. George, UT 84790
Phone: 435-634-3000
Fax: 435-634-3105
Email: investorrelations@skywest.com
Industry | Transportation - Airline |
Sector | Transportation |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 10/24/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 1.92 |
Current Year EPS Consensus Estimate | 6.88 |
Estimated Long-Term EPS Growth Rate | NA |
Exp Earnings Date | 10/24/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 74.41 |
52 Week High | 87.86 |
52 Week Low | 36.91 |
Beta | 1.96 |
20 Day Moving Average | 385,369.19 |
Target Price Consensus | 91.50 |
4 Week | -9.69 |
12 Week | 5.52 |
YTD | 46.15 |
4 Week | -13.47 |
12 Week | -1.96 |
YTD | 22.06 |
Shares Outstanding (millions) | 40.10 |
Market Capitalization (millions) | 3,059.53 |
Short Ratio | NA |
Last Split Date | 12/18/2000 |
Dividend Yield | 0.00% |
Annual Dividend | $0.00 |
Payout Ratio | 0.00 |
Change in Payout Ratio | -0.01 |
Last Dividend Payout / Amount | NA / $0.00 |
Fundamental Ratios
P/E (F1) | 11.09 |
Trailing 12 Months | 17.99 |
PEG Ratio | NA |
vs. Previous Year | 420.00% |
vs. Previous Quarter | 25.52% |
vs. Previous Year | 19.50% |
vs. Previous Quarter | 7.90% |
Price/Book | 1.37 |
Price/Cash Flow | 7.48 |
Price / Sales | 0.96 |
6/30/24 | 8.18 |
3/31/24 | 5.45 |
12/31/23 | 1.59 |
6/30/24 | 2.52 |
3/31/24 | 1.66 |
12/31/23 | 0.48 |
6/30/24 | 0.84 |
3/31/24 | 0.81 |
12/31/23 | 0.90 |
6/30/24 | 0.74 |
3/31/24 | 0.72 |
12/31/23 | 0.80 |
6/30/24 | 5.55 |
3/31/24 | 3.83 |
12/31/23 | 1.17 |
6/30/24 | 5.55 |
3/31/24 | 3.83 |
12/31/23 | 1.17 |
6/30/24 | 7.25 |
3/31/24 | 4.81 |
12/31/23 | 1.37 |
6/30/24 | 55.63 |
3/31/24 | 53.77 |
12/31/23 | 51.62 |
6/30/24 | 6.70 |
3/31/24 | 6.66 |
12/31/23 | 6.86 |
6/30/24 | 1.02 |
3/31/24 | 1.10 |
12/31/23 | 1.21 |
6/30/24 | 50.59 |
3/31/24 | 52.46 |
12/31/23 | 54.80 |