Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.3%, FCF Yield is 7.6%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%

Low stock price volatility
Vol 12M is 34%

Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech.

Key risks
SKYW key risks include [1] significant financial leverage combined with a weakening liquidity position, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.3%, FCF Yield is 7.6%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%
3 Low stock price volatility
Vol 12M is 34%
4 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech.
5 Key risks
SKYW key risks include [1] significant financial leverage combined with a weakening liquidity position, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

SkyWest (SKYW) stock has lost about 5% since 12/31/2025 because of the following key factors:

1. Mixed Q4 2025 Financial Results and Cautious Q1 2026 Earnings Outlook. SkyWest reported fourth-quarter 2025 earnings per share (EPS) of $2.21, missing the consensus estimate of $2.25 by $0.04, although revenue of $1.02 billion surpassed expectations. Operating expenses rose 11% year-over-year to $890 million due to increased production and maintenance costs, leading to a net income decline compared to Q4 2024. For the upcoming first quarter of 2026, analysts anticipate a year-over-year decline in EPS, with estimates revised downward by approximately 9.5% in recent months, suggesting softness in near-term expectations and contributing to investor hesitancy.

2. Balancing Positive Contract Extensions with Persistent Operating Cost Pressures. In January 2026, SkyWest secured significant multi-year contract extensions with major airline partners, including United Airlines for 40 E175 aircraft and Delta Air Lines for 13 E175 aircraft, providing revenue stability. However, these positive developments are counteracted by consistently elevated operating expenses, driven by higher production and maintenance costs, which are projected to persist throughout 2026 and continue to pressure profit margins.

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Stock Movement Drivers

Fundamental Drivers

The -6.1% change in SKYW stock from 12/31/2025 to 4/21/2026 was primarily driven by a -5.4% change in the company's P/E Multiple.
(LTM values as of)123120254212026Change
Stock Price ($)100.4194.33-6.1%
Change Contribution By: 
Total Revenues ($ Mil)3,9784,0582.0%
Net Income Margin (%)10.9%10.6%-3.4%
P/E Multiple9.38.8-5.4%
Shares Outstanding (Mil)40400.7%
Cumulative Contribution-6.1%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/21/2026
ReturnCorrelation
SKYW-6.1% 
Market (SPY)-5.4%51.9%
Sector (XLI)10.5%62.3%

Fundamental Drivers

The -6.3% change in SKYW stock from 9/30/2025 to 4/21/2026 was primarily driven by a -11.6% change in the company's P/E Multiple.
(LTM values as of)93020254212026Change
Stock Price ($)100.6294.33-6.3%
Change Contribution By: 
Total Revenues ($ Mil)3,8414,0585.7%
Net Income Margin (%)10.6%10.6%-0.6%
P/E Multiple10.08.8-11.6%
Shares Outstanding (Mil)40401.0%
Cumulative Contribution-6.3%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/21/2026
ReturnCorrelation
SKYW-6.3% 
Market (SPY)-2.9%52.4%
Sector (XLI)11.5%60.3%

Fundamental Drivers

The 8.0% change in SKYW stock from 3/31/2025 to 4/21/2026 was primarily driven by a 15.3% change in the company's Net Income Margin (%).
(LTM values as of)33120254212026Change
Stock Price ($)87.3794.338.0%
Change Contribution By: 
Total Revenues ($ Mil)3,5284,05815.0%
Net Income Margin (%)9.2%10.6%15.3%
P/E Multiple10.98.8-19.2%
Shares Outstanding (Mil)40400.7%
Cumulative Contribution8.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/21/2026
ReturnCorrelation
SKYW8.0% 
Market (SPY)16.3%64.9%
Sector (XLI)32.2%67.1%

Fundamental Drivers

The 325.5% change in SKYW stock from 3/31/2023 to 4/21/2026 was primarily driven by a 334.7% change in the company's Net Income Margin (%).
(LTM values as of)33120234212026Change
Stock Price ($)22.1794.33325.5%
Change Contribution By: 
Total Revenues ($ Mil)3,0054,05835.1%
Net Income Margin (%)2.4%10.6%334.7%
P/E Multiple15.48.8-42.7%
Shares Outstanding (Mil)514026.4%
Cumulative Contribution325.5%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/21/2026
ReturnCorrelation
SKYW325.5% 
Market (SPY)63.3%54.1%
Sector (XLI)76.7%55.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SKYW Return-3%-58%216%92%0%-5%138%
Peers Return-1%-24%7%62%2%8%45%
S&P 500 Return27%-19%24%23%16%4%89%

Monthly Win Rates [3]
SKYW Win Rate33%42%83%75%58%50% 
Peers Win Rate50%44%46%56%47%65% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
SKYW Max Drawdown-8%-62%-0%-6%-21%-12% 
Peers Max Drawdown-14%-36%-18%-10%-34%-12% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: AL, JBLU, RJET, DAL, UAL. See SKYW Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/21/2026 (YTD)

How Low Can It Go

Unique KeyEventSKYWS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-75.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven309.3%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven421 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-81.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven448.5%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven1,448 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-34.3%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven52.3%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven364 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-71.7%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven254.0%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven2,696 days1,480 days

Compare to AL, JBLU, RJET, DAL, UAL

In The Past

SkyWest's stock fell -75.6% during the 2022 Inflation Shock from a high on 3/15/2021. A -75.6% loss requires a 309.3% gain to breakeven.

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About SkyWest (SKYW)

SkyWest, Inc., through its subsidiaries, operates a regional airline in the United States. The company operates through two segment, SkyWest Airlines and SkyWest Leasing. It also leases regional jet aircraft and spare engines to third parties. As of December 31, 2021, the company's fleet consisted of 629 aircraft; and provided scheduled passenger and air freight services with approximately 2,080 total daily departures to various destinations in the United States, Canada, Mexico, and the Caribbean. In addition, it offers airport customer and ground handling services for other airlines. SkyWest, Inc. was incorporated in 1972 and is headquartered in St. George, Utah.

AI Analysis | Feedback

  • Think of SkyWest as the 'Uber for regional airlines.' They own the planes and employ the pilots, but operate flights primarily under the branding and scheduling of major airlines like Delta, United, and American.
  • They're like the 'FedEx Ground' for the skies. Instead of packages, SkyWest moves passengers for major airlines on regional routes, often operating under the major airline's brand (e.g., 'United Express').

AI Analysis | Feedback

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  • Regional Airline Services: Operates scheduled passenger and air freight services to various destinations.
  • Aircraft and Engine Leasing: Leases regional jet aircraft and spare engines to other third-party airlines.
  • Airport Customer and Ground Handling Services: Provides customer and ground handling support for other airlines at airports.
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AI Analysis | Feedback

SkyWest (SKYW) primarily sells to other companies. Its major customers are the large network airlines for which it operates flights under capacity purchase agreements (CPAs), as well as other airlines to which it leases aircraft and provides ground handling services. The major customer companies for SkyWest include:
  • American Airlines Group (AAL)
  • Delta Air Lines (DAL)
  • United Airlines (UAL)
  • Alaska Air Group (ALK)

AI Analysis | Feedback

The major suppliers for SkyWest (SKYW) are:

  • Embraer S.A. (NYSE: ERJ)
  • General Electric Company (NYSE: GE)

AI Analysis | Feedback

Russell "Chip" Childs, Chief Executive Officer, President & Director

Mr. Russell A. "Chip" Childs joined SkyWest in 2001 as Vice President – Controller and served as President and COO of SkyWest Airlines from 2007 to 2014. He was named CEO and nominated to the SkyWest, Inc. Board of Directors in January 2016, and has served as President of the entity since 2014. Prior to his employment with SkyWest, he worked in public accounting for five and a half years as an audit manager. He holds a bachelor's degree in Economics and a master's degree in Accounting from Brigham Young University. He also serves as Chairman of the Regional Airline Association and a Director on the Salt Lake City Branch of the Federal Reserve Bank of San Francisco.

Robert J. Simmons, Chief Financial Officer

Mr. Robert J. Simmons was appointed Chief Financial Officer of SkyWest, Inc. in March 2015, overseeing IT, HR, risk/benefits, finance, accounting, treasury, and investor relations. He founded RJS Healthcare, Inc. in 1990, where he serves as President. Previously, he was a Partner at Bendigo Partners LLC from 2009 to 2015, a firm that invests in technology-enabled financial services. He also held the position of CFO & Head of Investor Relations at E*TRADE Financial Corp. from 2003 to 2008 and CFO at ExpressJet Airlines LLC. He has served as Chairman and a board member of the Association for Financial Professionals. Mr. Simmons holds an MBA in finance from Northwestern University's Kellogg School of Management and a bachelor's degree in international business from Brigham Young University.

Wade Steel, Chief Commercial Officer

Mr. Wade Steel assumed the role of Chief Commercial Officer in March 2015. In this position, he is responsible for overseeing contract development and management, identifying business opportunities with network airlines, and managing fleet and purchasing activities. He previously served as Executive Vice President.

Greg Wooley, Executive Vice President of Operations

Mr. Greg Wooley serves as the Executive Vice President of Operations for SkyWest Airlines, a subsidiary of SkyWest, Inc.

Eric Woodward, Chief Accounting Officer

Mr. Eric Woodward holds the position of Chief Accounting Officer at SkyWest, Inc.

AI Analysis | Feedback

Here are the key risks to SkyWest (SKYW) in order of significance:

  1. Reliance on Major Airline Partners: SkyWest Inc. is heavily dependent on a concentrated group of major airline partners, including Delta, United, American, and Alaska Airlines, for nearly all of its revenue through long-term Capacity Purchase Agreements (CPAs). Any loss or unfavorable renegotiation of these critical contracts could significantly impact SkyWest's revenue and profit margins.

  2. Labor Availability and Costs: The availability and cost of qualified labor, particularly regional airline pilots, pose a significant risk to SkyWest's operations. While pilot attrition has shown some signs of easing, competition for experienced pilots and the ongoing need to maintain competitive labor costs can constrain flight schedules and impact financial results.

  3. High Debt Load and Financial Obligations: SkyWest carries a substantial amount of long-term debt, totaling approximately $2.7 billion as of December 31, 2024, which primarily finances aircraft and spare engines. This significant level of fixed obligations necessitates steady cash flow and could potentially limit the company's ability to secure additional financing for future expansion or divert cash flows from operations. Additionally, the company's Altman Z-Score, a measure of financial distress, has been identified as a concern.

AI Analysis | Feedback

The severe and worsening pilot shortage for regional airlines.

AI Analysis | Feedback

Addressable Markets for SkyWest, Inc.

SkyWest, Inc. operates primarily in the North American aviation market, focusing on regional airline services, aircraft leasing, and airport customer and ground handling services.

Regional Airline Services (Scheduled Passenger and Air Freight)

The addressable market for SkyWest's regional airline services is primarily within North America, encompassing the United States, Canada, Mexico, and the Caribbean. The broader North America aviation market, which includes commercial aviation (passenger and freight), was estimated at approximately USD 84.14 billion in 2025 and is projected to reach USD 97.07 billion by 2030. The U.S. aviation market alone is expected to be around USD 85.50 billion in 2025, growing to USD 107.78 billion by 2031. SkyWest plays a significant role as the largest regional airline in North America. Regional aircraft constitute about 9% of the commercial fleet in the U.S. Globally, regional routes account for 56% of flight frequency.

Aircraft Leasing (Regional Jets and Spare Engines)

SkyWest's aircraft leasing activities target the regional jet and spare engine leasing market. The global regional jet market was valued at USD 5.7 billion in 2022 and is projected to grow to USD 10.6 billion by 2032. North America was the dominant region in this market in 2022. More specifically, the regional jet market in North America had a size of USD 5 billion in 2025, with the U.S. market projected to reach USD 3.74 billion by 2026. The global aircraft leasing market, encompassing all aircraft types, was valued at USD 194.40 billion in 2025 and is projected to increase to USD 377.90 billion by 2034. Regional aircraft contribute approximately 9% to the total leasing activity in the U.S. Another estimate puts the global regional aircraft market at USD 26.3 billion in 2024, with a projected growth to USD 35 billion by 2035.

Airport Customer and Ground Handling Services

The market for airport customer and ground handling services is a significant addressable market for SkyWest. The global Ground Handling Services Market was valued at USD 34,693.8 million in 2024 and is projected to reach USD 37,850.94 million by 2025, with an expected growth to over USD 83,192.67 million by 2034. North America held the largest share of the airport ground and cargo handling services market in 2025, valued at USD 17.87 billion. The U.S. airport ground and cargo handling services market is projected to reach USD 16.68 billion by 2026. North America also dominated the global Airport Ground Handling industry in 2023.

AI Analysis | Feedback

SkyWest, Inc. (SKYW) is expected to drive future revenue growth over the next two to three years through several key strategies:

  1. Fleet Modernization and Expansion with Embraer E175 Aircraft and Associated Long-Term Contracts: SkyWest plans to expand its Embraer E175 fleet to nearly 300 jets by the end of 2028, with deliveries scheduled through 2026, 2027, and 2028. This expansion is supported by multi-year contract extensions with major airline partners, including United Airlines and Delta Air Lines, which provide stable, fee-based revenue streams and clear visibility on fleet use and capacity through at least late 2028.
  2. Expansion into Small and Mid-Sized Communities: The company is focused on expanding service to small and mid-sized communities to meet regional travel demand. This initiative includes the redeployment of approximately 20 parked dual-class CRJ aircraft to these underserved markets.
  3. Increased Aircraft Utilization and Block Hours: Management anticipates mid-single-digit percentage growth in block hours for 2026 over 2025. This increase in production and utilization, driven by strong demand and operational efficiency, directly contributes to higher contract revenue.
  4. Sustained Strong Demand for Pro-rate Product: SkyWest continues to experience solid demand for its pro-rate product, which contributes to its overall revenue growth.

AI Analysis | Feedback

Share Repurchases

  • In May 2023, SkyWest's Board of Directors authorized a share repurchase program of up to $250 million.
  • During the nine months ended September 30, 2023, SkyWest repurchased 9.6 million shares of common stock for $244 million.
  • For the full year 2025, SkyWest used $85 million for share repurchases, acquiring nearly 850,000 shares. As of December 31, 2025, $213 million remained available under the current share repurchase authorization.

Share Issuance

  • In Q1 2021, SkyWest issued warrants to the U.S. Treasury to purchase 98,815 shares of common stock at a strike price of $40.41 in exchange for payroll support program funding.

Inbound Investments

  • During Q1 2021, SkyWest received $233 million in payroll support program grants from the U.S. Treasury, of which approximately $40 million was a ten-year, low-interest unsecured term loan.
  • In April 2021, the company received an additional $35 million under PSP2, including about $10.5 million as a ten-year, low-interest unsecured term loan.

Outbound Investments

  • In September 2025, SkyWest made a strategic investment in Maeve Aerospace, which included securing exclusive launch customer rights for the hybrid-electric MAEVE Jet.

Capital Expenditures

  • SkyWest's capital expenditures were $549 million in 2021, $629 million in 2022, and $235 million in 2023.
  • For the full year 2024, capital expenditures were approximately $306 million.
  • Total capital expenditures for 2025 were approximately $580 million, primarily funding growth initiatives such as the purchase of seven new E175s, CRJ900 airframes, and aircraft and engines for the CRJ550 opportunity. SkyWest anticipates capital expenditures of approximately $600 million to $625 million in 2026, including the acquisition of nine new E175s.

Better Bets vs. SkyWest (SKYW)

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Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
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TNC_3312026_Insider_Buying_45D_2Buy_200K03312026TNCTennantInsiderInsider Buys 45DStrong Insider Buying
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ADP_3272026_Dip_Buyer_FCFYield03272026ADPAutomatic Data ProcessingDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
1.0%1.0%0.0%
HURN_3272026_Dip_Buyer_FCFYield03272026HURNHuron ConsultingDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
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TRU_3272026_Dip_Buyer_FCFYield03272026TRUTransUnionDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
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5.2%5.2%0.0%
SKYW_2282022_Dip_Buyer_High_CFO_Margins_ExInd_DE02282022SKYWSkyWestDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
-23.3%-32.2%-47.1%
SKYW_3312020_Dip_Buyer_High_CFO_Margins_ExInd_DE03312020SKYWSkyWestDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
13.9%108.0%-23.7%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

SKYWALJBLURJETDALUALMedian
NameSkyWest Air LeaseJetBlue .Republic.Delta Ai.United A. 
Mkt Price94.33-5.4620.4370.2297.1370.22
Mkt Cap3.8-2.00.845.831.43.8
Rev LTM4,058-9,0621,35365,17859,0699,062
Op Inc LTM618--3382585,7544,971618
FCF LTM287--1,2161383,9212,557287
FCF 3Y Avg357--1,166-1232,6222,042357
CFO LTM940--942228,3968,431940
CFO 3Y Avg790-1502457,6768,262790

Growth & Margins

SKYWALJBLURJETDALUALMedian
NameSkyWest Air LeaseJetBlue .Republic.Delta Ai.United A. 
Rev Chg LTM15.0%--2.3%3.7%5.2%3.5%3.7%
Rev Chg 3Y Avg11.0%--0.3%-0.1%6.5%9.7%6.5%
Rev Chg Q8.5%--1.4%30.9%12.9%4.8%8.5%
QoQ Delta Rev Chg LTM2.0%--0.4%7.4%2.9%1.2%2.0%
Op Inc Chg LTM24.9%--263.4%1,704.2%-3.3%-4.5%-3.3%
Op Inc Chg 3Y Avg119.2%--123.8%544.6%14.4%34.9%34.9%
Op Mgn LTM15.2%--3.7%19.1%8.8%8.4%8.8%
Op Mgn 3Y Avg10.9%--1.7%12.2%9.8%9.0%9.8%
QoQ Delta Op Mgn LTM-0.6%--1.3%2.1%-0.4%-0.4%-0.4%
CFO/Rev LTM23.2%--1.0%16.4%12.9%14.3%14.3%
CFO/Rev 3Y Avg22.6%-1.6%18.1%12.3%14.6%14.6%
FCF/Rev LTM7.1%--13.4%10.2%6.0%4.3%6.0%
FCF/Rev 3Y Avg10.6%--12.6%-9.2%4.2%3.5%3.5%

Valuation

SKYWALJBLURJETDALUALMedian
NameSkyWest Air LeaseJetBlue .Republic.Delta Ai.United A. 
Mkt Cap3.8-2.00.845.831.43.8
P/S0.9-0.20.60.70.50.6
P/Op Inc6.1--6.03.18.06.36.1
P/EBIT5.6--10.3-107.97.35.75.6
P/E8.8--3.3-1.710.29.48.8
P/CFO4.0--21.53.65.53.73.7
Total Yield11.3%--29.9%-57.6%10.0%10.7%10.0%
Dividend Yield0.0%-0.0%0.0%0.3%0.0%0.0%
FCF Yield 3Y Avg12.0%--56.2%-7.6%5.7%6.7%
D/E0.7-4.71.40.41.01.0
Net D/E0.5-3.61.00.30.60.6

Returns

SKYWALJBLURJETDALUALMedian
NameSkyWest Air LeaseJetBlue .Republic.Delta Ai.United A. 
1M Rtn7.3%-35.5%22.1%10.7%8.0%10.7%
3M Rtn-3.5%-5.8%17.4%4.4%-10.5%4.4%
6M Rtn-7.2%-17.2%-2.5%13.0%-3.0%-2.5%
12M Rtn13.0%-52.1%-2.5%80.1%48.7%48.7%
3Y Rtn289.6%--21.1%-2.5%110.8%118.5%110.8%
1M Excs Rtn-1.2%-26.9%13.5%2.1%-0.6%2.1%
3M Excs Rtn-7.4%-1.9%13.5%0.4%-14.5%0.4%
6M Excs Rtn-10.8%-11.2%-8.5%12.1%-8.0%-8.0%
12M Excs Rtn-23.2%-15.1%-36.2%40.3%12.8%12.8%
3Y Excs Rtn228.1%--90.3%-73.2%43.6%62.4%43.6%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
SkyWest Airlines and SkyWest Charter (SWC)2,9052,3922,4922,1921,637
SkyWest Leasing623543513521490
Total3,5282,9353,0052,7132,127


Assets by Segment
$ Mil20252024202320222021
SkyWest Leasing4,3294,4884,4374,1684,083
SkyWest Airlines and SkyWest Charter (SWC)2,8112,5382,9782,9582,804
Total7,1407,0267,4157,1266,888


Price Behavior

Price Behavior
Market Price$94.33 
Market Cap ($ Bil)3.8 
First Trading Date03/26/1990 
Distance from 52W High-23.8% 
   50 Days200 Days
DMA Price$96.72$102.92
DMA Trenddowndown
Distance from DMA-2.5%-8.3%
 3M1YR
Volatility39.9%34.5%
Downside Capture0.650.82
Upside Capture183.57137.18
Correlation (SPY)45.5%50.6%
SKYW Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta1.471.551.521.421.291.37
Up Beta3.422.152.851.511.361.55
Down Beta0.650.130.610.921.051.27
Up Capture175%240%197%178%153%369%
Bmk +ve Days7162765139424
Stock +ve Days9202961119382
Down Capture163%165%151%148%126%103%
Bmk -ve Days12233358110323
Stock -ve Days13223465132365

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SKYW
SKYW8.7%34.5%0.29-
Sector ETF (XLI)38.5%15.4%1.9158.4%
Equity (SPY)23.7%12.7%1.5253.9%
Gold (GLD)41.4%27.5%1.251.7%
Commodities (DBC)22.4%16.2%1.25-7.5%
Real Estate (VNQ)14.2%13.8%0.7237.1%
Bitcoin (BTCUSD)-10.4%42.7%-0.1429.7%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SKYW
SKYW11.8%43.3%0.40-
Sector ETF (XLI)12.9%17.3%0.5955.6%
Equity (SPY)10.8%17.1%0.4951.7%
Gold (GLD)21.6%17.8%0.994.5%
Commodities (DBC)10.9%18.8%0.4711.8%
Real Estate (VNQ)4.1%18.8%0.1238.1%
Bitcoin (BTCUSD)3.8%56.4%0.2921.4%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SKYW
SKYW17.5%51.6%0.52-
Sector ETF (XLI)14.0%19.9%0.6258.7%
Equity (SPY)13.9%17.9%0.6751.2%
Gold (GLD)13.7%15.9%0.710.2%
Commodities (DBC)8.2%17.6%0.3919.1%
Real Estate (VNQ)5.4%20.7%0.2344.3%
Bitcoin (BTCUSD)68.0%66.9%1.0716.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date3312026
Short Interest: Shares Quantity1.4 Mil
Short Interest: % Change Since 31520265.7%
Average Daily Volume0.4 Mil
Days-to-Cover Short Interest3.2 days
Basic Shares Quantity40.0 Mil
Short % of Basic Shares3.5%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
1/29/2026-4.9%0.2%0.2%
10/30/20255.6%1.8%6.1%
7/24/20251.0%4.3%7.1%
4/24/2025-1.3%1.2%9.9%
1/30/20253.6%-0.5%-17.4%
10/31/20246.4%17.2%20.2%
7/25/2024-9.2%-9.8%-9.7%
4/25/20240.7%2.5%2.6%
...
SUMMARY STATS   
# Positive121415
# Negative12109
Median Positive6.8%5.8%20.2%
Median Negative-5.4%-4.1%-8.9%
Max Positive22.4%17.2%96.2%
Max Negative-22.4%-13.4%-39.5%

SEC Filings

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Report DateFiling DateFiling
12/31/202502/17/202610-K
09/30/202510/31/202510-Q
06/30/202507/25/202510-Q
03/31/202504/25/202510-Q
12/31/202402/13/202510-K
09/30/202411/01/202410-Q
06/30/202407/26/202410-Q
03/31/202404/26/202410-Q
12/31/202302/15/202410-K
09/30/202310/27/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/16/202310-K
09/30/202211/04/202210-Q
06/30/202208/04/202210-Q
03/31/202205/05/202210-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 1/29/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 E175 Aircraft Deliveries 9 -18.2% LoweredGuidance: 11 for 2026
2027 E175 Aircraft Deliveries 10 0 AffirmedGuidance: 10 for 2027
2028 E175 Aircraft Deliveries 10 0 AffirmedGuidance: 10 for 2028
2028 E175 Aircraft Fleet Size 300    

Prior: Q3 2025 Earnings Reported 10/30/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2025 E175 Aircraft Deliveries 3   Higher New
2026 E175 Aircraft Deliveries 11   Higher New
2027 E175 Aircraft Deliveries 10   Higher New
2028 E175 Aircraft Deliveries 10   Higher New

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Madden, Meredith SiegfriedDirectSell12152025106.544,725503,4142,702,133Form
2Wooley, GregEXEC VP OPERATIONSDirectSell8212025116.832,000233,6607,796,884Form
3Welch, James LDirectSell8142025116.0910,0001,160,8883,217,633Form
4Childs, Russell APRESIDENT & CEODirectSell8142025116.0626,0003,017,65146,992,138Form
5Simmons, Robert JCHIEF FINANCIAL OFFICERDirectSell8012025117.4617,1862,018,61613,392,097Form