Filing Flows › Skywest (SKYW) › Q2 2026
Skywest (SKYW) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 24, 2026
Skywest (SKYW) reported revenue of $1.1B for the second quarter 2026 (Q2 2026), +7% from a year earlier and +9% from the quarter before. Operating margin was 14.1%, net earnings $101M (9.1% of revenue).
Skywest, Q2 2026: revenue $1.1B (+6% year over year), operating margin 14.1%, net earnings $101M, operating cash flow $292M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +9% | +7% |
| Operating profit | $156M | +26% | -8% |
| Net earnings | $101M | -1% | -16% |
| Operating cash flow | $292M | +102% | +14% |
| Free cash flow | $284M | 20× | +141% |
What changed
Revenue was $1.1B in Q2 2026, up 7% year over year and up 9% from the previous quarter. Capacity purchase agreements flight operations revenue (non-lease component) was the largest line at 61% of revenue. Prorate agreements and charter revenue added $0.06B year over year (up 38%), 82% of the total change. Lease, airport services and other declined 20%.
Operating profit was $0.16B, a 14.1% margin (down 2.3 points year over year). Operating profit fell $0.01B even though revenue rose $0.07B versus Q2 2025, so costs grew faster than sales. Total costs grew 9% against revenue growth of 7%. Net earnings were $0.10B, down 16% year over year. The effective tax rate was 27.5%.
Operating cash flow was $0.29B (up 14% year over year), 290% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items added $0.09B. Capital expenditures of $0.01B left free cash flow of $0.28B.
Questions
What was Skywest's revenue in the second quarter 2026?
Skywest (SKYW) reported revenue of $1.1B for the second quarter 2026 (Q2 2026), +7% from a year earlier and +9% from the quarter before.
Was Skywest profitable in the second quarter 2026?
Operating profit was $156M (14.1% of revenue) and net earnings $101M.
Source: Skywest 10-Q on SEC EDGAR.