SkyWest (SKYW) Earnings: Q3 2026 Results and Next Report Date

The quarter ended September 30, 2026 and SkyWest published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Effective July 1, 2026, SkyWest extended the estimated useful life of its E175 aircraft from 22 years to 30 years. That cut Q3 2026 depreciation by about $18.5 million and added about $0.36 to diluted EPS.
• SkyWest reports in thousands; figures here are rounded to the nearest $0.1 million.

Source: SkyWest Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How SkyWest splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• SkyWest's SkyWest Airlines and SWC revenue was $961 million in Q3 2026, up 8% from $893 million in Q3 2025, 86% of total revenue.
• SkyWest's SkyWest Leasing revenue was $156 million in Q3 2026, down 1% from $157 million in Q3 2025, 14% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

SkyWest's release gives no revenue or earnings outlook. Its table of anticipated E175 deliveries shows 13 in 2026, 18 in 2027, 10 in 2028 and 28 thereafter.

In its Q3 2026 release, SkyWest said:

“By the end of 2027, SkyWest anticipates having over 300 E175 aircraft in its fleet.”

Source: SkyWest Q3 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the SKYW forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total operating revenues and diluted EPS, each as first reported in that quarter's release.

SkyWest's next report is expected around January 28, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

SkyWest flies regional jets for United, Delta, American and Alaska, and almost all of its revenue comes from those flying agreements: $1,084.1 million of $1,117.4 million in Q3 2026. Lease, airport services and other revenue was the remaining $33.2 million, down 14.2% on lower maintenance services revenue. (SkyWest Q3 2026 release, Oct 29, 2026; SkyWest Form 10-Q, Q3 2026, Oct 30, 2026)

Most SkyWest flying is under capacity purchase agreements, where the major airline controls scheduling, ticketing and pricing and pays SkyWest contracted rates based on block hours, departures and aircraft under contract. Capacity purchase flight operations revenue was $675.8 million and aircraft lease revenue under those agreements $190.4 million; together they rose 2.6% on a 4.5% increase in block hours. (SkyWest Form 10-Q, Q3 2026, Oct 30, 2026)

On SkyWest's prorate routes it shares passenger fares with its partners under prorate formulas and pays the operating costs, including fuel and airport costs. That business grew faster. Prorate agreements and charter revenue rose 30.4% to $217.8 million on more prorate departures, passengers and passenger revenue. For the first nine months of 2026 capacity purchase revenue was about 81.2% of flying agreements revenue and prorate and charter about 18.8%. (SkyWest Form 10-Q, Q3 2026, Oct 30, 2026)

SkyWest's partner mix at September 30, 2026: about 46.6% of its aircraft in scheduled service or under contract flew for United, 26.4% for Delta, 18.8% for American and 8.2% for Alaska. It had 522 aircraft in service or under contract, including 276 E175s, and carried 11,993,721 passengers in the quarter, down 3.6%. (SkyWest Form 10-Q, Q3 2026, Oct 30, 2026; SkyWest Q3 2026 release, Oct 29, 2026)

SkyWest reports one EPS figure, GAAP diluted EPS, which rose to $3.08 from $2.81. An accounting change helped: from July 1, 2026 SkyWest extended the estimated useful life of its E175 fleet from 22 years to 30 years, which reduced depreciation by approximately $18.5 million and increased diluted EPS by approximately $0.36 in the quarter. Depreciation and amortization fell to $76.3 million from $92.5 million. (SkyWest Q3 2026 release, Oct 29, 2026; SkyWest Form 10-Q, Q3 2026, Oct 30, 2026)

Higher fuel costs offset part of that. SkyWest pays for fuel on its prorate and charter flights, and its average cost per gallon rose to $4.56 from $3.04 while gallons purchased rose 29.0%, so fuel expense climbed 93.8% to $66.3 million. Income before income taxes was $159.5 million, against $157.2 million. (SkyWest Form 10-Q, Q3 2026, Oct 30, 2026; SkyWest Q3 2026 release, Oct 29, 2026)

Buybacks cut SkyWest's diluted share count to 38,824 thousand from 41,392 thousand a year earlier. It repurchased 738,000 shares for approximately $75 million in Q3 2026 and had approximately $238 million left under its program. Its effective tax rate for the first nine months of 2026 was 20.7%. (SkyWest Q3 2026 release, Oct 29, 2026; SkyWest Form 10-Q, Q3 2026, Oct 30, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

SkyWest does not publish a revenue or earnings outlook in its release. It gives a fleet outlook instead: anticipated E175 deliveries of 13 in 2026, 18 in 2027 and 10 in 2028, with 28 more thereafter, and over 300 E175 aircraft in its fleet by the end of 2027. Of the 69 scheduled deliveries, 16 are for Delta, 11 for American, 8 for United, 1 for Alaska and 33 unassigned. (SkyWest Q3 2026 release, Oct 29, 2026)

The 33 unassigned E175s come from a purchase agreement with Embraer securing delivery positions from 2028 through 2031, plus purchase rights for 50 additional E175s. SkyWest also plans to convert approximately 50 CRJ200s to a CRJ450 configuration by 2028, with the first in scheduled service by the end of 2026. (SkyWest Q3 2026 release, Oct 29, 2026; SkyWest Form 10-Q, Q3 2026, Oct 30, 2026)

A consensus figure is the average of the models published by the analysts who cover SkyWest, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones SkyWest's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning SKYW is on is SKYW a buy or a sell?, what analysts expect next is on the SKYW forecast, and what the company does is on the SkyWest (SKYW) stock page.

Every number on this page can be traced to a document SkyWest published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.