SkyWest Inc (OQ:SKYW)
Business Focus: Airlines
| Sector: Industrials | Industry: Airlines |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 444 S River Rd ST GEORGE UT 84790 |
| Tel: | N/A |
| Website: | https://inc.skywest.com |
| IR: | See website |
| Key People | ||
| Russell A. Childs President, Chief Executive Officer, Director | Robert J. Simmons Chief Financial Officer | Eric J. Woodward Chief Accounting Officer |
| Wade J. Steel Chief Commercial Officer | Greg S. Wooley Executive Vice President - Operations of SkyWest Airlines | |
| Business Overview |
| SkyWest, Inc. is the holding company for SkyWest Airlines, Inc. (SkyWest Airlines) and SkyWest Leasing, Inc. (SkyWest Leasing), an aircraft leasing company. The Company operates through two segments: SkyWest Airlines and SWC, and SkyWest Leasing. SkyWest Airlines offers scheduled passenger service to destinations in the United States, Canada and Mexico. The Company's flights are operated as United Express, Delta Connection, American Eagle or Alaska Airlines flights under code-share agreements with United Airlines, Inc., Delta Air Lines, Inc., American Airlines, Inc. or Alaska Airlines, Inc., respectively. SkyWest Airlines has a fleet of approximately 500 aircraft. SkyWest Charter, LLC (SWC) offers on-demand charter service using CRJ200 aircraft in a 30-seat configuration. SkyWest Leasing finances new aircraft with debt under its capacity purchase agreements, consisting of its E175 aircraft. SkyWest Leasing is also engaged in leasing aircraft and engines to third parties. |
| Financial Overview |
| For the three months ended 31 March 2024, SkyWest Inc revenues increased 16% to $803.6M. Net income totaled $60.3M vs. loss of $22.1M. Revenues reflect SkyWest Airlines segment increase of 14% to $646.8M, Sky west leasing segment increase of 27% to $156.8M, Revenue Passengers, Total increase of 7% to 9.1M, Load Factor, Total -% increase of 1% to 80.8%. |
| Employees: | 11,470 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $5,206M as of Mar 31, 2024 |
| Annual revenue (TTM): | $3,047M as of Mar 31, 2024 |
| EBITDA (TTM): | $593.12M as of Mar 31, 2024 |
| Net annual income (TTM): | $116.71M as of Mar 31, 2024 |
| Free cash flow (TTM): | $492.95M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $2,075M as of Mar 31, 2024 |
| Shares outstanding: | 40,259,473 as of Apr 19, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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