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Skywest (SKYW) guidance and outlook
Skywest (SKYW) raised its guidance on Oct 29, 2026: Operating expenses $941M for Q3 2026; Operating expenses +7% for Q3 2026. Skywest's 10-Q filed Oct 30, 2026 makes 11 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Operating expenses | Q3 2026 | $941M | raised |
| Operating expenses | Q3 2026 | +7% | new |
From the earnings release filed Oct 29, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Oct 30, 2026
- We anticipate our fleet will continue to evolve, as we are scheduled to add a total of three new E175 aircraft with United in 2026, 11 new E175 aircraft with American between 2026 and 2027 (which are expected to replace 11
- CRJ700s we are currently flying under contract with American) and 16 new E175 aircraft with Delta between 2027 and 2028 (which are expected to replace 16 CRJs we are currently flying under contract with Delta).
- As of September 30, 2026, we operated 16 CRJ900s owned by Delta, and we anticipate returning these 16 aircraft to Delta over the next year.
- We anticipate operating the first CRJ450 in scheduled service by the end of 2026.
- We anticipate completing the conversion of approximately 50 CRJ200s to the CRJ450 configuration by 2028.
- As of September 30, 2026, we had a firm purchase commitment for 63 new E175 aircraft from Embraer with delivery dates anticipated into 2031.
- At present, we intend to fund our aircraft purchase commitments through a combination of cash on hand and debt financing.
- Based on current market conditions and discussions with prospective leasing organizations and financial institutions, we currently believe that we will be able to obtain financing for our committed acquisitions, as well as additional aircraft.
- We intend to finance the firm purchase commitment for 63 E175 aircraft with approximately 75-85% debt and the remaining balance with cash.
- Assuming a 6.3% discount rate, which is the average incremental borrowing rate we anticipate we would have incurred on debt obtained over a similar term to acquire these assets, the present value of these lease obligations would have been equal to approximately $84.1 million at September 30, 2026.
- The consideration for aircraft ownership costs we receive varies by agreement but is intended to compensate us for our ownership of the aircraft while the aircraft is under contract.
Skywest's latest quarter
Skywest, Q3 2026: revenue $1.1B (+6% year over year), operating margin 15.8%, net earnings $120M, operating cash flow $131M. The chart follows the revenue to costs, profit and cash.
Questions
Did Skywest raise or lower its guidance?
Skywest (SKYW) raised its guidance on Oct 29, 2026: Operating expenses $941M for Q3 2026; Operating expenses +7% for Q3 2026.
What does Skywest expect?
We anticipate our fleet will continue to evolve, as we are scheduled to add a total of three new E175 aircraft with United in 2026, 11 new E175 aircraft with American between 2026 and 2027 (which are expected to replace 11 CRJ700s we are currently flying under contract with American) and 16 new E175 aircraft with Delta between 2027 and 2028 (which are expected to replace 16 CRJs we are currently flying under contract with Delta). As of September 30, 2026, we operated 16 CRJ900s owned by Delta, and we anticipate returning these 16 aircraft to Delta over the next year.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.