SkyWest, Inc. (SKYW) SEC Filings & Earnings Calls

Fuel cost volatility

“Aircraft fuel. The $33.1 million, or 120.6%, increase in fuel cost for the three months ended June 30, 2026, compared to the three months ended June 30, 2025, was primarily due to an increase in the number of flights we operated under our prorate agreements and charter operations and the corresponding increase in gallons of fuel we purchased and an increase ” · word for word

Pilot attrition and training costs

“Salaries, wages and benefits. The $36.6 million, or 9.4%, increase in salaries, wages and benefits for the three months ended June 30, 2026, compared to the three months ended June 30, 2025, was primarily due to an increase in direct labor costs supporting the higher number of flights we operated during the three months ended June 30, 2026, compared to the t”

Dependence on major airline partners

“As of June 30, 2026, approximately 46.2% of our aircraft in scheduled service or under contract were operated for United, approximately 26.9% were operated for Delta, approximately 18.6% were operated for American and approximately 8.3% were operated for Alaska.” · word for word

Higher fuel costs negatively impacting profitability in prorate business.

“The Q2 2026 financial results were negatively impacted by higher fuel cost per gallon in SkyWest’s prorate business compared to Q2 2025.” · word for word

Fuel cost exposure on prorate routes

“Aircraft fuel $38,904 $24,488 58.9%”

Pilot attrition and training cost pressure

“increase in pilot training costs associated with higher attrition rates since March 31, 2025” · word for word

Pilot training costs pressuring operating expenses.

“Operating expenses +10% driven by higher pilot training costs.”

Cash decreased from year-end 2025.

“Cash and marketable securities $627M vs $707M at Dec 31, 2025.”

Labor litigation risk

“The Association of Flight Attendants-CWA has filed a federal lawsuit alleging that SkyWest funds an internal employee association, the SkyWest Inflight Association (SIA), intended to replace independent unionization.” · word for word

Shareholder proposal on labor policy

“Shareholders request that the Board commission an independent third party to prepare a report...assessing whether the company’s policies and practices align with the rights to freedom of association and collective bargaining” · word for word

FAA-mandated flight cancellations due to government shutdown reduced pre-tax income by $7M in Q4.

“The Federal Aviation Administration’s mandated flight cancellations in connection with the U.S. government shutdown in October and November 2025 contributed to a reduction in SkyWest’s pre-tax income in Q4 2025 by $7 million” · word for word

Aircraft maintenance cost escalation

“Aircraft maintenance, materials and repairs. The $66.3 million, or 36.5%, increase in aircraft maintenance expense was primarily due to incremental maintenance costs incurred on our CRJ fleet.” · word for word

Fuel cost exposure on prorate routes

“Aircraft fuel. The $11.5 million, or 50.6%, increase in fuel cost was primarily due to an increase in the number of flights we operated under our prorate agreements.” · word for word

High debt level ($2.4B); dependence on major airline partners; fleet delivery timing risks.

“Total debt at September 30, 2025 was $2.4 billion; SkyWest is coordinating with its major airline partners regarding the timing of upcoming announced fleet deliveries.” · word for word