Filing Flows › Skywest (SKYW) › Q3 2025
Skywest (SKYW) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Skywest (SKYW) reported revenue of $1.1B for the third quarter 2025 (Q3 2025), +15% from a year earlier and +1% from the quarter before. Operating margin was 16.6%, net earnings $116M (11.1% of revenue).
Skywest, Q3 2025: revenue $1.1B (+15% year over year), operating margin 16.6%, net earnings $116M, operating cash flow $281M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +1% | +15% |
| Operating profit | $174M | +2% | +32% |
| Net earnings | $116M | -3% | +30% |
| Operating cash flow | $281M | +9% | +53% |
| Free cash flow | $225M | +92% | +127% |
What changed
Revenue was $1.1B in Q3 2025, up 15% year over year and up 1% from the previous quarter. Capacity purchase agreements flight operations revenue (non-lease component) was the largest line at 64% of revenue. Capacity purchase agreements flight operations revenue (non-lease component) added $0.05B year over year (up 8%), 35% of the total change.
Operating profit was $0.17B, a 16.6% margin (up 2.2 points year over year). Of the extra revenue versus a year earlier, 31% reached operating profit, above the 14% margin then. Total costs grew 12% against revenue growth of 15%. Net earnings were $0.12B, up 30% year over year. The effective tax rate was 26.0%.
Operating cash flow was $0.28B (up 53% year over year), 241% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $4.6M of share-based compensation. Working capital and other items added $0.07B. Capital expenditures of $0.06B left free cash flow of $0.23B.
Questions
What was Skywest's revenue in the third quarter 2025?
Skywest (SKYW) reported revenue of $1.1B for the third quarter 2025 (Q3 2025), +15% from a year earlier and +1% from the quarter before.
Was Skywest profitable in the third quarter 2025?
Operating profit was $174M (16.6% of revenue) and net earnings $116M.
Source: Skywest 10-Q on SEC EDGAR.