Filing Flows › Skywest (SKYW) › Q3 2026 › vs Q2 2026
Skywest (SKYW) Q3 2026 vs Q2 2026 (quarter over quarter)
Skywest's revenue rose $14.6M (+1%) from $1.1B in Q2 2026 to $1.1B in Q3 2026. The biggest changes: Flying agreements +$19.6M (+2%); Lease, airport services and other −$5.0M (-13%). Operating margin 15.8% against 14.1% (+1.6 pts).
Skywest, Q3 2026: revenue $1.1B (+6% year over year), operating margin 15.8%, net earnings $120M, operating cash flow $131M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 15.8% | 14.1% | +1.6 pts |
| Net margin | 10.7% | 9.1% | +1.6 pts |
| Free cash flow margin | 11.2% | 25.7% | -14.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Capacity purchase agreements flight operations revenue (non-lease component) | $676M | $677M | −$1.4M | -0.2% |
| Prorate agreements and charter revenue | $218M | $201M | $17.0M | +8% |
| Capacity purchase agreements fixed aircraft lease revenue | $112M | $108M | $4.6M | +4% |
| Capacity purchase agreements variable aircraft lease revenue | $78.3M | $78.9M | −$610K | -0.8% |
| Flying agreements | $1.1B | $1.1B | $19.6M | +2% |
| Lease, airport services and other | $33.2M | $38.2M | −$5.0M | -13% |
| Revenue | $1.1B | $1.1B | $14.6M | +1% |
| Operating profit | $176M | $156M | $20.2M | +13% |
| Costs & expenses | $941M | $947M | −$5.6M | -0.6% |
| Pre-tax earnings | $159M | $139M | $20.6M | +15% |
| Other expense, net | $16.5M | $17.0M | −$434K | -3% |
| Net earnings | $120M | $101M | $18.8M | +19% |
| Income tax | $40.0M | $38.2M | $1.8M | +5% |
| Depreciation & amortization | $76.3M | $92.5M | −$16.2M | -18% |
| Share-based compensation | $3.8M | $3.9M | −$100K | -3% |
| Working capital & other | $68.3M | −$94.8M | $163M | — |
| Operating cash flow | $131M | $292M | −$161M | -55% |
| Free cash flow (OCF − capex) | $125M | $284M | −$159M | -56% |
| Capital expenditures | $6.5M | $8.0M | −$1.6M | -19% |
Questions
How much did Skywest's revenue grow quarter over quarter in Q3 2026?
Skywest's revenue rose $14.6M (+1%) from $1.1B in Q2 2026 to $1.1B in Q3 2026.
What drove Skywest's revenue change in Q3 2026?
Flying agreements +$19.6M (+2%); Lease, airport services and other −$5.0M (-13%).