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SkyWest Inc Stock Research

SKYW

40.20USD-1.04(-2.52%)Delayedas of 03 Oct 2023, 03:52 pm
Watchlist

Market Summary

USD40.20-1.04
Delayedas of 03 Oct 2023, 03:52 pm
-2.52%

SKYW Alerts

  • Big fall in earnings (Y/Y)

SKYW Stock Price

SKYW RSI Chart

SKYW Valuation

Market Cap

1.8B

Price/Earnings (Trailing)

-335.78

Price/Sales (Trailing)

0.63

EV/EBITDA

3.33

Price/Free Cashflow

3.1

SKYW Price/Sales (Trailing)

SKYW Profitability

EBT Margin

1.41%

Return on Equity

1.49%

Return on Assets

0.46%

Free Cashflow Yield

32.26%

SKYW Fundamentals

SKYW Revenue

Revenue (TTM)

2.9B

Revenue Y/Y

-9.19%

Revenue Q/Q

4.89%

SKYW Earnings

Earnings (TTM)

-5.4M

Earnings Y/Y

-71.42%

Earnings Q/Q

169.86%

Price Action

52 Week Range

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(Low)(High)

Last 7 days

-1.8%

Last 30 days

-7.1%

Last 90 days

0.9%

Trailing 12 Months

153.6%

SKYW Financial Health

Current Ratio

1.09

Debt/Equity

1.45

Debt/Cashflow

0.14

SKYW Investor Care

Buy Backs (1Y)

13.23%

Diluted EPS (TTM)

-0.07

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for SKYW

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-29
ATKIN JERRY C
gifted
-
-
-19,318
-
2023-03-29
ATKIN JERRY C
gifted
-
-
-57,954
-
2023-02-10
Childs Russell A
acquired
83,258
19.00
4,382
president & ceo
2023-02-09
Steel Wade J
acquired
119,973
19.11
6,278
chief commercial officer
2023-02-08
Steel Wade J
acquired
79,996
19.17
4,173
chief commercial officer
2023-02-08
WELCH JAMES L
bought
37,900
18.95
2,000
-
2023-02-08
Woodward Eric
acquired
60,692
19.17
3,166
chief accounting officer
2023-02-08
Childs Russell A
acquired
84,137
19.17
4,389
president & ceo
2023-02-07
Steel Wade J
acquired
-
-
3,124
chief commercial officer
2023-02-07
Wooley Greg
acquired
-
-
859
exec vp operations

1–10 of 50

Which funds bought or sold SKYW recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-20
BARCLAYS PLC
reduced
-11.19
535,000
1,381,000
-%
2023-09-12
Farther Finance Advisors, LLC
unchanged
-
166
366
-%
2023-08-22
Asset Dedication, LLC
unchanged
-
6,000
13,000
-%
2023-08-21
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
5.89
316,000
650,000
0.01%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-9.59
434,329
1,091,820
-%
2023-08-21
OSAIC HOLDINGS, INC.
added
2,238
788,628
807,419
-%
2023-08-16
Nuveen Asset Management, LLC
added
282
18,148,600
21,162,600
0.01%
2023-08-15
Belpointe Asset Management LLC
sold off
-100
-9,977
-
-%
2023-08-15
Caxton Associates LP
sold off
-100
-391,167
-
-%
2023-08-15
WELLS FARGO & COMPANY/MN
added
113
890,191
1,195,090
-%

1–10 of 43

Latest Funds Activity

Are funds buying SKYW calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own SKYW
No. of Funds

Schedule 13G FIlings of SkyWest

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
kopernik global investors, llc
5.37%
2,716,022
SC 13G
Feb 14, 2023
alliancebernstein l.p.
0.2%
78,467
SC 13G/A
Feb 09, 2023
vanguard group inc
12.20%
6,171,853
SC 13G/A
Feb 08, 2023
etf series solutions
9293%
3,506,106
SC 13G
Jan 23, 2023
blackrock inc.
16.5%
8,361,249
SC 13G/A
Feb 14, 2022
alliancebernstein l.p.
6.8%
3,420,591
SC 13G/A
Feb 10, 2022
vanguard group inc
11.36%
5,724,478
SC 13G/A
Feb 08, 2022
dimensional fund advisors lp
6.6%
3,311,728
SC 13G/A
Jan 27, 2022
blackrock inc.
15.9%
7,987,322
SC 13G/A
Jan 25, 2022
blackrock inc.
15.9%
7,987,322
SC 13G/A

Recent SEC filings of SkyWest

View All Filings
Date Filed Form Type Document
Aug 03, 2023
10-Q
Quarterly Report
Jul 27, 2023
8-K
Current Report

Peers (Alternatives to SkyWest)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
59.7B
88.6B
1.59% 78.56%
17.9
0.63
-6.50% 16.33%
24.5B
55.7B
-14.96% 29.90%
298.7
0.53
33.38% 398.83%
16.2B
25.1B
-13.46% -10.91%
37.28
0.64
18.83% -71.05%
13.7B
50.9B
-16.29% 27.94%
5.12
0.27
42.85% 318.35%
8.3B
52.9B
-13.15% 5.90%
3.16
0.16
29.91% 237.04%
MID-CAP
4.7B
10.3B
-11.85% -5.93%
29.31
0.45
26.25% -23.08%
2.9B
4.5B
0.24% 22.01%
8.22
0.64
12.86% -27.86%
1.5B
9.9B
-21.75% -30.02%
57.23
0.16
24.14% 106.11%
SMALL-CAP
2.0B
5.5B
-0.55% -11.38%
-4.4
0.37
29.98% -29.36%
1.8B
2.9B
-7.08% 153.63%
-335.78
0.63
-5.50% -106.28%
1.5B
2.1B
-3.79% -13.66%
9.69
0.71
7.02% -29.07%
1.3B
2.5B
-15.37% 3.75%
8.83
0.53
20.09% 224.40%
298.9M
2.8B
-30.66% -55.97%
-1.76
0.11
28.49% 34.24%
65.5M
267.9M
7.39% 35.81%
-5.75
0.24
40.28% -223.76%
35.2M
509.3M
-38.36% -47.70%
-0.17
0.07
-5.00% -178.26%

SkyWest News

Nasdaq
Ryanair (RYAAY) September Traffic Increases From 2022 Levels.
Nasdaq,
5 hours ago

Returns for SKYW

Cumulative Returns on SKYW

11.9%


10-Year Cumulative Returns

6.3%


7-Year Cumulative Returns

-5.4%


5-Year Cumulative Returns

9.2%


3-Year Cumulative Returns

Risks for SKYW

What is the probability of a big loss on SKYW?

92.3%


Probability that SkyWest stock will be more than 20% underwater in next one year

81.2%


Probability that SkyWest stock will be more than 30% underwater in next one year.

46.1%


Probability that SkyWest stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does SKYW drawdown profile look like?

Y-axis is the maximum loss one would have experienced if SkyWest was unfortunately bought at previous high price.

Drawdowns

Financials for SkyWest

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue-2.5%2,8882,9623,0053,1013,0562,9142,7132,5262,2391,9322,1272,2812,5842,9782,9723,0323,1013,1623,2223,1893,173
Operating Expenses-0.6%2,8202,8372,8242,8522,8362,6672,4382,3111,9961,9392,0181,532--2,460------
EBITDA-100.0%-560614689654679714652697601591732777886942------
EBITDA Margin-100.0%-0.19*0.20*0.22*0.21*0.23*0.26*0.26*0.31*0.31*0.28*0.32*0.30*0.30*0.32*------
Interest Expenses2.5%135132127121117120123126127124123122124125128131131127120113108
Earnings Before Taxes-132.1%-13.4042.0093.0015911712515186.001184.00-7.33150222371446439431414366344320
EBT Margin-100.0%-0.01*0.03*0.05*0.04*0.04*0.06*0.03*0.05*0.00*0.00*0.07*0.09*0.12*0.15*------
Net Income-116.2%-5.3833.0073.0012486.0094.0011261.0085.00-2.60-8.51110168282340322306301280516494
Net Income Margin-100.0%-0.01*0.02*0.04*0.03*0.03*0.04*0.02*0.04*0.00*0.00*0.05*0.07*0.09*0.11*------
Free Cashflow-100.0%-589467469529605814758627582621658818804640------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-1.6%7,1167,2347,4157,4547,3377,1497,1266,9416,9926,8956,8886,7596,7736,6616,6576,5986,5806,5456,3136,1855,913
  Current Assets-5.5%1,1831,2521,3711,2621,2171,0721,0691,0971,1319999839779467697608107807811,0211,052975
    Cash Equivalents53.6%11475.0010339.0096.0024625827234623121641845229087.00308254291328325176
  Net PPE-1.3%5,4915,5615,5485,6395,6005,5295,4995,2855,2845,3005,3625,2005,3005,4005,3955,3005,2915,2755,0064,8754,659
  Current Liabilities1.2%1,1661,1521,1731,1601,1981,1421,1951,1381,1099509428609861,020925962927945925913879
    LT Debt, Current-0.3%442443439429425410392360361357402360309365364363345363350357354
    LT Debt, Non Current-3.9%2,7442,8562,9422,9822,8642,7912,7172,6052,6522,7492,8022,7082,6642,5382,6292,6222,7192,7342,8102,7522,616
Shareholder's Equity-3.4%2,1572,2322,3482,3962,3452,2902,2682,2622,2492,1822,1402,1852,1432,1632,1752,1162,0522,0011,9641,9291,861
  Retained Earnings0.7%2,2302,2152,2372,2842,2362,1822,1642,1602,1502,0882,0522,0982,0652,0912,0792,0131,9271,8451,7771,7151,637
Accumulated Depreciation2.8%3,0402,9582,8842,9342,8552,8262,7312,6212,6722,5632,4562,3512,2332,1041,9981,9061,8171,7311,7621,6801,605
Shares Outstanding-11.2%44.0049.00-51.0051.0050.00-50.0050.0050.0050.0050.0050.0050.0050.0051.0051.0051.0052.0052.0052.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-2.0%598610480488548621832772640596634687851836721812814792803725703
  Share Based Compensation---9.00---9.00---7.00---10.00---13.00--
Cashflow From Investing64.2%-278-777-904-1,166-1,072-701-698-818-795-859-683-613-478-525-657-546-684-960-983-798-770
Cashflow From Financing-6825.0%-301-4.3526944527596.00-90.60-99.4049.0020617836.00-174-311-305-282-51.18208327300100
  Dividend Payments-----------13.0019.0025.0024.0023.0023.0022.0021.0020.0019.0018.00
  Buy Backs-2.0%392400--------20.005.0030.0046.0078.0091.0081.0065.0054.0044.0030.00

SKYW Income Statement

2023-06-30
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
OPERATING REVENUES:    
Total operating revenues$ 725,643$ 799,085$ 1,417,474$ 1,534,237
OPERATING EXPENSES:    
Salaries, wages and benefits322,441288,562657,642588,620
Aircraft maintenance, materials and repairs162,491174,883304,717323,296
Depreciation and amortization97,16997,249191,318199,994
Aircraft fuel18,27931,82039,24356,910
Airport-related expenses16,95517,49035,25036,695
Aircraft rentals2,42816,02421,95632,020
Other operating expenses74,02084,455140,192156,052
Total operating expenses693,783710,4831,390,3181,393,587
OPERATING INCOME31,86088,60227,156140,650
OTHER INCOME (EXPENSE):    
Interest income10,4942,55920,5272,984
Interest expense(33,718)(30,433)(67,338)(59,025)
Other income, net9,00112,01911,17512,899
Total other expense, net(14,223)(15,855)(35,636)(43,142)
INCOME (LOSS) BEFORE INCOME TAXES17,63772,747(8,480)97,508
PROVISION (BENEFIT) FOR INCOME TAXES2,21818,796(1,828)25,823
NET INCOME (LOSS)$ 15,419$ 53,951$ (6,652)$ 71,685
BASIC EARNINGS (LOSS) PER SHARE (in dollars per share)$ 0.35$ 1.07$ (0.14)$ 1.42
DILUTED EARNINGS (LOSS) PER SHARE (in dollars per share)$ 0.35$ 1.07$ (0.14)$ 1.42
Weighted average common shares:    
Basic (in shares)43,83750,52246,61450,501
Diluted (in shares)44,21950,56646,61450,637
COMPREHENSIVE INCOME (LOSS):    
Net income (loss)$ 15,419$ 53,951$ (6,652)$ 71,685
Net unrealized appreciation (depreciation) on marketable securities, net of taxes1,514(1,945)2,994(1,945)
TOTAL COMPREHENSIVE INCOME (LOSS)16,93352,006(3,658)69,740
Flying agreements    
OPERATING REVENUES:    
Total operating revenues700,394773,7741,364,2321,481,837
Lease, airport services and other    
OPERATING REVENUES:    
Total operating revenues$ 25,249$ 25,311$ 53,242$ 52,400

SKYW Balance Sheet

2023-06-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:  
Cash and cash equivalents$ 114,433$ 102,984
Marketable securities747,916944,231
Receivables, net104,706100,523
Inventories, net123,572123,209
Other current assets92,506100,334
Total current assets1,183,1331,371,281
PROPERTY AND EQUIPMENT:  
Aircraft and rotable spares8,233,3128,143,614
Deposits on aircraft23,93123,931
Buildings and ground equipment273,425265,019
Total property and equipment, gross8,530,6688,432,564
Less-accumulated depreciation and amortization(3,039,525)(2,884,084)
Total property and equipment, net5,491,1435,548,480
OTHER ASSETS:  
Operating lease right-of-use assets92,803151,928
Long-term receivables and other assets348,695342,864
Total other assets441,498494,792
Total assets7,115,7747,414,553
CURRENT LIABILITIES:  
Current maturities of long-term debt442,155438,502
Accounts payable457,310422,001
Accrued salaries, wages and benefits189,265186,285
Current maturities of operating lease liabilities18,71571,726
Taxes other than income taxes22,63120,480
Other current liabilities35,91833,549
Total current liabilities1,165,9941,172,543
LONG-TERM DEBT, net of current maturities2,743,8042,941,772
DEFERRED INCOME TAXES PAYABLE682,694687,060
NONCURRENT OPERATING LEASE LIABILITIES73,89488,622
OTHER LONG-TERM LIABILITIES292,149176,925
COMMITMENTS AND CONTINGENCIES (Note 7)
STOCKHOLDERS' EQUITY:  
Preferred stock, 5,000,000 shares authorized; none issued
Common stock, no par value, 120,000,000 shares authorized; 82,800,633 and 82,592,830 shares issued as of June 30, 2023, and December 31, 2022, respectively744,276734,426
Retained earnings2,230,2172,236,869
Treasury stock, at cost, 40,427,758 and 31,994,416 shares as of June 30, 2023, and December 31, 2022, respectively(816,446)(619,862)
Accumulated other comprehensive loss(808)(3,802)
Total stockholders' equity2,157,2392,347,631
Total liabilities and stockholders' equity$ 7,115,774$ 7,414,553
Russell A. Childs
15200
SkyWest, Inc., through its subsidiaries, operates a regional airline in the United States. The company operates through two segment, SkyWest Airlines and SkyWest Leasing. It also leases regional jet aircraft and spare engines to third parties. As of December 31, 2021, the company's fleet consisted of 629 aircraft; and provided scheduled passenger and air freight services with approximately 2,080 total daily departures to various destinations in the United States, Canada, Mexico, and the Caribbean. In addition, it offers airport customer and ground handling services for other airlines. SkyWest, Inc. was incorporated in 1972 and is headquartered in St. George, Utah.