SkyWest (SKYW) Q3 2026 Earnings Call Transcript

SkyWest reported third-quarter 2026 results on its earnings call led by CEO Chip Childs and CFO Robert Simmons. Net income rose to $120 million, up 3% from $116 million in Q3 2025. Diluted EPS increased to $3.08 versus $2.81 a year earlier. Total operating revenue reached $1.1 billion, a 6% year-over-year gain driven by higher block hour demand from partners. Contract revenue climbed to $866 million, while prorate and charter revenue rose to $218 million from $167 million. Block hours totaled 401,727, up 4.5%, supported by E175 and CRJ550 activity. Fuel expenses for prorate increased to $66 million, and the prorate fuel price averaged $4.56 per gallon. The company delivered four new E175 aircraft, raising the total in service or under contract to 276, and revised 2026 full-year EPS guidance to about $10.60 due to fuel volatility and crew training costs.