SKYW - SkyWest Stock

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

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

Latest Insider Trading transactions for SKYW

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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

Which funds bought or sold SKYW recently?

View All Details

Datesorted ascending	Fund Name	Type	% 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	-%

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

SKYW Alerts

Big fall in earnings (Y/Y)

Schedule 13G FIlings of SkyWest

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form 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

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
FDX	59.7B	88.6B	1.59%	78.56%	17.9	0.63	-6.50%	16.33%
DAL	24.5B	55.7B	-14.96%	29.90%	298.7	0.53	33.38%	398.83%
LUV	16.2B	25.1B	-13.46%	-10.91%	37.28	0.64	18.83%	-71.05%
UAL	13.7B	50.9B	-16.29%	27.94%	5.12	0.27	42.85%	318.35%
AAL	8.3B	52.9B	-13.15%	5.90%	3.16	0.16	29.91%	237.04%
MID-CAP
ALK	4.7B	10.3B	-11.85%	-5.93%	29.31	0.45	26.25%	-23.08%
AAWW	2.9B	4.5B	0.24%	22.01%	8.22	0.64	12.86%	-27.86%
JBLU	1.5B	9.9B	-21.75%	-30.02%	57.23	0.16	24.14%	106.11%
SMALL-CAP
SAVE	2.0B	5.5B	-0.55%	-11.38%	-4.4	0.37	29.98%	-29.36%
SKYW	1.8B	2.9B	-7.08%	153.63%	-335.78	0.63	-5.50%	-106.28%
ATSG	1.5B	2.1B	-3.79%	-13.66%	9.69	0.71	7.02%	-29.07%
ALGT	1.3B	2.5B	-15.37%	3.75%	8.83	0.53	20.09%	224.40%
HA	298.9M	2.8B	-30.66%	-55.97%	-1.76	0.11	28.49%	34.24%
AIRT	65.5M	267.9M	7.39%	35.81%	-5.75	0.24	40.28%	-223.76%
MESA	35.2M	509.3M	-38.36%	-47.70%	-0.17	0.07	-5.00%	-178.26%

SkyWest News

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)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Revenue	-2.5%	2,888	2,962	3,005	3,101	3,056	2,914	2,713	2,526	2,239	1,932	2,127	2,281	2,584	2,978	2,972	3,032	3,101	3,162	3,222	3,189	3,173
Operating Expenses	-0.6%	2,820	2,837	2,824	2,852	2,836	2,667	2,438	2,311	1,996	1,939	2,018	1,532	-	-	2,460	-	-	-	-	-	-
EBITDA	-100.0%	-	560	614	689	654	679	714	652	697	601	591	732	777	886	942	-	-	-	-	-	-
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 Expenses	2.5%	135	132	127	121	117	120	123	126	127	124	123	122	124	125	128	131	131	127	120	113	108
Earnings Before Taxes	-132.1%	-13.40	42.00	93.00	159	117	125	151	86.00	118	4.00	-7.33	150	222	371	446	439	431	414	366	344	320
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%	-5.38	33.00	73.00	124	86.00	94.00	112	61.00	85.00	-2.60	-8.51	110	168	282	340	322	306	301	280	516	494
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%	-	589	467	469	529	605	814	758	627	582	621	658	818	804	640	-	-	-	-	-	-

Balance Sheet
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Assets	-1.6%	7,116	7,234	7,415	7,454	7,337	7,149	7,126	6,941	6,992	6,895	6,888	6,759	6,773	6,661	6,657	6,598	6,580	6,545	6,313	6,185	5,913
Current Assets	-5.5%	1,183	1,252	1,371	1,262	1,217	1,072	1,069	1,097	1,131	999	983	977	946	769	760	810	780	781	1,021	1,052	975
Cash Equivalents	53.6%	114	75.00	103	39.00	96.00	246	258	272	346	231	216	418	452	290	87.00	308	254	291	328	325	176
Net PPE	-1.3%	5,491	5,561	5,548	5,639	5,600	5,529	5,499	5,285	5,284	5,300	5,362	5,200	5,300	5,400	5,395	5,300	5,291	5,275	5,006	4,875	4,659
Current Liabilities	1.2%	1,166	1,152	1,173	1,160	1,198	1,142	1,195	1,138	1,109	950	942	860	986	1,020	925	962	927	945	925	913	879
LT Debt, Current	-0.3%	442	443	439	429	425	410	392	360	361	357	402	360	309	365	364	363	345	363	350	357	354
LT Debt, Non Current	-3.9%	2,744	2,856	2,942	2,982	2,864	2,791	2,717	2,605	2,652	2,749	2,802	2,708	2,664	2,538	2,629	2,622	2,719	2,734	2,810	2,752	2,616
Shareholder's Equity	-3.4%	2,157	2,232	2,348	2,396	2,345	2,290	2,268	2,262	2,249	2,182	2,140	2,185	2,143	2,163	2,175	2,116	2,052	2,001	1,964	1,929	1,861
Retained Earnings	0.7%	2,230	2,215	2,237	2,284	2,236	2,182	2,164	2,160	2,150	2,088	2,052	2,098	2,065	2,091	2,079	2,013	1,927	1,845	1,777	1,715	1,637
Accumulated Depreciation	2.8%	3,040	2,958	2,884	2,934	2,855	2,826	2,731	2,621	2,672	2,563	2,456	2,351	2,233	2,104	1,998	1,906	1,817	1,731	1,762	1,680	1,605
Shares Outstanding	-11.2%	44.00	49.00	-	51.00	51.00	50.00	-	50.00	50.00	50.00	50.00	50.00	50.00	50.00	50.00	51.00	51.00	51.00	52.00	52.00	52.00

Cashflow (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Cashflow From Operations	-2.0%	598	610	480	488	548	621	832	772	640	596	634	687	851	836	721	812	814	792	803	725	703
Share Based Compensation	-	-	-	9.00	-	-	-	9.00	-	-	-	7.00	-	-	-	10.00	-	-	-	13.00	-	-
Cashflow From Investing	64.2%	-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	-4.35	269	445	275	96.00	-90.60	-99.40	49.00	206	178	36.00	-174	-311	-305	-282	-51.18	208	327	300	100
Dividend Payments	-	-	-	-	-	-	-	-	-	-	-	13.00	19.00	25.00	24.00	23.00	23.00	22.00	21.00	20.00	19.00	18.00
Buy Backs	-2.0%	392	400	-	-	-	-	-	-	-	-	20.00	5.00	30.00	46.00	78.00	91.00	81.00	65.00	54.00	44.00	30.00

SKYW Income Statement

2023-06-30

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 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 benefits	322,441	288,562	657,642	588,620
Aircraft maintenance, materials and repairs	162,491	174,883	304,717	323,296
Depreciation and amortization	97,169	97,249	191,318	199,994
Aircraft fuel	18,279	31,820	39,243	56,910
Airport-related expenses	16,955	17,490	35,250	36,695
Aircraft rentals	2,428	16,024	21,956	32,020
Other operating expenses	74,020	84,455	140,192	156,052
Total operating expenses	693,783	710,483	1,390,318	1,393,587
OPERATING INCOME	31,860	88,602	27,156	140,650
OTHER INCOME (EXPENSE):
Interest income	10,494	2,559	20,527	2,984
Interest expense	(33,718)	(30,433)	(67,338)	(59,025)
Other income, net	9,001	12,019	11,175	12,899
Total other expense, net	(14,223)	(15,855)	(35,636)	(43,142)
INCOME (LOSS) BEFORE INCOME TAXES	17,637	72,747	(8,480)	97,508
PROVISION (BENEFIT) FOR INCOME TAXES	2,218	18,796	(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)	43,837	50,522	46,614	50,501
Diluted (in shares)	44,219	50,566	46,614	50,637
COMPREHENSIVE INCOME (LOSS):
Net income (loss)	$ 15,419	$ 53,951	$ (6,652)	$ 71,685
Net unrealized appreciation (depreciation) on marketable securities, net of taxes	1,514	(1,945)	2,994	(1,945)
TOTAL COMPREHENSIVE INCOME (LOSS)	16,933	52,006	(3,658)	69,740
Flying agreements
OPERATING REVENUES:
Total operating revenues	700,394	773,774	1,364,232	1,481,837
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 securities	747,916	944,231
Receivables, net	104,706	100,523
Inventories, net	123,572	123,209
Other current assets	92,506	100,334
Total current assets	1,183,133	1,371,281
PROPERTY AND EQUIPMENT:
Aircraft and rotable spares	8,233,312	8,143,614
Deposits on aircraft	23,931	23,931
Buildings and ground equipment	273,425	265,019
Total property and equipment, gross	8,530,668	8,432,564
Less-accumulated depreciation and amortization	(3,039,525)	(2,884,084)
Total property and equipment, net	5,491,143	5,548,480
OTHER ASSETS:
Operating lease right-of-use assets	92,803	151,928
Long-term receivables and other assets	348,695	342,864
Total other assets	441,498	494,792
Total assets	7,115,774	7,414,553
CURRENT LIABILITIES:
Current maturities of long-term debt	442,155	438,502
Accounts payable	457,310	422,001
Accrued salaries, wages and benefits	189,265	186,285
Current maturities of operating lease liabilities	18,715	71,726
Taxes other than income taxes	22,631	20,480
Other current liabilities	35,918	33,549
Total current liabilities	1,165,994	1,172,543
LONG-TERM DEBT, net of current maturities	2,743,804	2,941,772
DEFERRED INCOME TAXES PAYABLE	682,694	687,060
NONCURRENT OPERATING LEASE LIABILITIES	73,894	88,622
OTHER LONG-TERM LIABILITIES	292,149	176,925
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, respectively	744,276	734,426
Retained earnings	2,230,217	2,236,869
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' equity	2,157,239	2,347,631
Total liabilities and stockholders' equity	$ 7,115,774	$ 7,414,553

About SkyWest

Russell A. Childs

www.skywest.com

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.

Market Summary

SKYW Alerts

SKYW Stock Price

SKYW RSI Chart

SKYW Valuation

SKYW Price/Sales (Trailing)

SKYW Profitability

SKYW Fundamentals

SKYW Revenue

SKYW Earnings

Price Action

52 Week Range

SKYW Financial Health

SKYW Investor Care

Historical Charts for Stock Metrics

Latest Insider Trading transactions for SKYW

Which funds bought or sold SKYW recently?

Latest Funds Activity

SKYW Alerts

Schedule 13G FIlings of SkyWest

Recent SEC filings of SkyWest

Peers (Alternatives to SkyWest)

SkyWest News

Returns for SKYW

Cumulative Returns on SKYW

Risks for SKYW

What is the probability of a big loss on SKYW?

How does SKYW drawdown profile look like?

Financials for SkyWest

Income Statement (Last 12 Months).css-zgnqz2{margin:0;font-family:"Roboto","Helvetica","Arial",sans-serif;font-weight:400;font-size:0.75rem;line-height:1.66;letter-spacing:0.03333em;color:#595959;}(In Millions)

Balance Sheet(In Millions)

Cashflow (Last 12 Months)(In Millions)

SKYW Income Statement

SKYW Balance Sheet

About SkyWest

Income Statement (Last 12 Months)
(In Millions)

Balance Sheet
(In Millions)

Cashflow (Last 12 Months)
(In Millions)