SkyWest, Inc. filed its quarterly report on Form 10-Q with the SEC for the period ended September 30, 2026, disclosing third-quarter net income of $119.5 million on total operating revenues of $1.12 billion.

Key Highlights

  • Total operating revenues: $1,117,355 thousand for the three months ended September 30, 2026, up from $1,050,029 thousand in the same period of 2025, according to the filing.
  • Net income: $119,523 thousand for Q3 2026, compared with $116,358 thousand in Q3 2025, as reported in the consolidated statements of comprehensive income.
  • Diluted earnings per share: $3.08 for the three months ended September 30, 2026, versus $2.81 in the prior-year quarter.
  • Nine-month net income: $321,915 thousand for the nine months ended September 30, 2026, compared with $337,178 thousand for the same period of 2025.
  • Total assets: $7,508,746 thousand as of September 30, 2026, versus $7,386,249 thousand at December 31, 2025.
  • Shares outstanding: 38,034,157 shares of common stock outstanding as of October 23, 2026.
  • Treasury stock: 47,183,273 shares held at cost totaling $1,346,790 thousand as of September 30, 2026.

SkyWest Q3 2026 Financial Results: Revenue Growth and Earnings Detail

According to the filing, SkyWest, Inc. (NASDAQ:SKYW) reported total operating revenues of $1,117,355 thousand for the three months ended September 30, 2026, composed of $1,084,115 thousand in flying agreements revenue and $33,240 thousand in lease, airport services and other revenue. Total operating expenses for the quarter were $941,326 thousand, yielding operating income of $176,029 thousand. After net other expense of $16,542 thousand and a provision for income taxes of $39,964 thousand, the company reported net income of $119,523 thousand.

For the nine months ended September 30, 2026, the filing disclosed total operating revenues of $3,233,283 thousand and total operating expenses of $2,777,738 thousand, producing operating income of $455,545 thousand. Net income for the nine-month period was $321,915 thousand, or $8.11 diluted earnings per share, compared with $337,178 thousand, or $8.14 diluted earnings per share, for the nine months ended September 30, 2025. The filing noted that aircraft fuel expense for the nine months rose to $165,770 thousand from $86,163 thousand in the year-earlier period, while salaries, wages and benefits increased to $1,278,677 thousand from $1,159,188 thousand.

On the balance sheet as of September 30, 2026, the filing reported total property and equipment, net, of $6,060,714 thousand, reflecting aircraft and rotable spares with a gross value of $9,750,084 thousand. Long-term debt, net of current maturities, stood at $1,718,949 thousand. Total stockholders' equity was $2,810,106 thousand, supported by retained earnings of $3,344,422 thousand, partially offset by treasury stock of $1,346,790 thousand at cost. The company disclosed that 85,395,863 shares were issued as of September 30, 2026, with 47,183,273 shares held as treasury stock, leaving 38,034,157 shares outstanding as of October 23, 2026.

What Was Disclosed

SkyWest, Inc. filed a Form 10-Q for the quarterly period ended September 30, 2026, reporting Q3 net income of $119,523 thousand, diluted EPS of $3.08, total assets of $7,508,746 thousand, and 38,034,157 common shares outstanding as of October 23, 2026.