Skywest Inc income statement
In fiscal 2025, Skywest Inc reported revenue of $4.06bn, up 15.0% on the year before, operating income of $618m (a 15.2% margin) and net income of $428m, or $10.35 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,614 | 2,765 | 3,655 | 3,534 | 3,298 | 3,237 | 3,096 | 3,064 | 3,123 | 3,222 | 2,972 | 2,127 | 2,713 | 3,005 | 2,935 | 3,528 | 4,058 | 4,258 |
| Cost of revenue | — | — | — | — | — | — | — | 3,236 | 2,734 | 2,747 | 2,460 | 2,018 | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | −173 | 388 | 474 | 512 | 109 | — | — | — | — | — | — |
| Operating income | 212 | 202 | 41 | 166 | 153 | 25 | 235 | −173 | 388 | 474 | 512 | 109 | 276 | 181 | 104 | 495 | 618 | 590 |
| Interest expense | 86 | 87 | 80 | 77 | 69 | 66 | 76 | 78 | 105 | 120 | 128 | 123 | 123 | 127 | 131 | 114 | 104 | 99 |
| Provision for credit losses | — | — | — | — | — | — | — | — | — | — | — | 17 | −4 | −5 | −0 | −4 | 8 | — |
| Income before tax | 132 | 115 | −39 | 89 | 84 | −16 | 194 | −249 | 288 | 366 | 446 | −7 | 151 | 93 | 40 | 432 | 566 | 531 |
| Income tax | 48 | 50 | −23 | 35 | 40 | 8 | 77 | −87 | −141 | 86 | 106 | 1 | 39 | 20 | 6 | 109 | 137 | 118 |
| Net income | 84 | 96 | −27 | 51 | 59 | −24 | 118 | −162 | 429 | 280 | 340 | −9 | 112 | 73 | 34 | 323 | 428 | 413 |
| Diluted EPS | $1.47 | $1.70 | −$0.52 | $0.99 | $1.12 | −$0.47 | $2.27 | −$3.14 | $8.08 | $5.30 | $6.62 | −$0.17 | $2.20 | $1.44 | $0.77 | $7.77 | $10.35 | $10.30 |
| Diluted shares (average) | 57m | 57m | 52m | 52m | 52m | 51m | 52m | 52m | 53m | 53m | 51m | 50m | 51m | 51m | 45m | 42m | 41m | 40m |
| EBITDA | 434 | 438 | 295 | 418 | 398 | 284 | 499 | 112 | 681 | 809 | 880 | 584 | 716 | 576 | 487 | 879 | 982 | 941 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 944 | 948 | 1,035 | 1,050 | 1,024 | 1,013 | 1,103 | 1,117 |
| Operating income | 144 | 139 | 170 | 174 | 134 | 124 | 156 | 176 |
| Interest expense | 28 | 27 | 27 | 26 | 25 | 24 | 25 | 25 |
| Income before tax | 134 | 121 | 163 | 157 | 125 | 108 | 139 | 159 |
| Income tax | 36 | 20 | 43 | 41 | 33 | 6 | 38 | 40 |
| Net income | 97 | 101 | 120 | 116 | 91 | 102 | 101 | 120 |
| Diluted EPS | $2.33 | $2.42 | $2.91 | $2.81 | $2.21 | $2.50 | $2.54 | $3.08 |
| EBITDA | 239 | 229 | 260 | 267 | 227 | 214 | 248 | 252 |
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