Filing Flows › Skywest (SKYW) › Q3 2026 › vs Q3 2025
Skywest (SKYW) Q3 2026 vs Q3 2025 (year over year)
Skywest's revenue rose $67.3M (+6%) from $1.1B in Q3 2025 to $1.1B in Q3 2026. The biggest changes: Flying agreements +$72.8M (+7%); Lease, airport services and other −$5.5M (-14%). Operating margin 15.8% against 16.6% (-0.8 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 15.8% | 16.6% | -0.8 pts |
| Net margin | 10.7% | 11.1% | -0.4 pts |
| Free cash flow margin | 11.2% | 21.5% | -10.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Capacity purchase agreements flight operations revenue (non-lease component) | $676M | $673M | $3.3M | +0.5% |
| Prorate agreements and charter revenue | $218M | $167M | $50.8M | +30% |
| Capacity purchase agreements fixed aircraft lease revenue | $112M | $91.0M | $21.1M | +23% |
| Capacity purchase agreements variable aircraft lease revenue | $78.3M | $80.6M | −$2.3M | -3% |
| Flying agreements | $1.1B | $1.0B | $72.8M | +7% |
| Lease, airport services and other | $33.2M | $38.7M | −$5.5M | -14% |
| Revenue | $1.1B | $1.1B | $67.3M | +6% |
| Operating profit | $176M | $174M | $1.9M | +1% |
| Costs & expenses | $941M | $876M | $65.4M | +7% |
| Pre-tax earnings | $159M | $157M | $2.3M | +1% |
| Other expense, net | $16.5M | $17.0M | −$432K | -3% |
| Net earnings | $120M | $116M | $3.2M | +3% |
| Income tax | $40.0M | $40.8M | −$847K | -2% |
| Depreciation & amortization | $76.3M | $92.5M | −$16.2M | -18% |
| Share-based compensation | $3.8M | $4.6M | −$800K | -17% |
| Working capital & other | $68.3M | −$67.3M | $136M | — |
| Operating cash flow | $131M | $281M | −$150M | -53% |
| Free cash flow (OCF − capex) | $125M | $225M | −$101M | -45% |
| Capital expenditures | $6.5M | $55.4M | −$48.9M | -88% |
Questions
How much did Skywest's revenue grow year over year in Q3 2026?
Skywest's revenue rose $67.3M (+6%) from $1.1B in Q3 2025 to $1.1B in Q3 2026.
What drove Skywest's revenue change in Q3 2026?
Flying agreements +$72.8M (+7%); Lease, airport services and other −$5.5M (-14%).