SkyWest, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 04:01 pm EDT
Share
SkyWest, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 766.17 million compared to USD 789.44 million a year ago. Revenue was USD 766.17 million compared to USD 789.44 million a year ago. Net income was USD 23.48 million compared to USD 48.37 million a year ago. Basic earnings per share from continuing operations was USD 0.56 compared to USD 0.96 a year ago. Diluted earnings per share from continuing operations was USD 0.55 compared to USD 0.96 a year ago.
For the nine months, sales was USD 2,183.65 million compared to USD 2,323.68 million a year ago. Revenue was USD 2,183.65 million compared to USD 2,323.68 million a year ago. Net income was USD 16.83 million compared to USD 120.06 million a year ago. Basic earnings per share from continuing operations was USD 0.37 compared to USD 2.38 a year ago. Diluted earnings per share from continuing operations was USD 0.37 compared to USD 2.37 a year ago.
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.
SKYWEST, INC. 
