SkyWest Shares Rise on Strong Demand, Higher Fleet Utilization

Dow Jones
Oct 31
 

By Dean Seal

 

Shares of SkyWest gained after the company recorded higher revenue and earnings in the third quarter as demand held strong and its planes spent more time in the air.

The stock was up 5.9% at $100.70 after hours on Thursday. Shares are on track to open Friday close to where they started the year.

The regional airline, which operates flights for mainline carriers including Delta Air Lines and United Airlines, said quarterly revenue climbed 15% to $1.05 billion, ahead of analyst estimates for $1.03 billion, according to FactSet.

Block hour production, a measure of the total time its planes are in service from gate departure to arrival at a destination gate, was up 15% year-over-year. The gain was driven by strong demand and higher fleet utilization, SkyWest said.

The St. George, Utah, company posted a profit of $116.4 million, or $2.81 a share, compared with $89.7 million, or $2.16 a share, in the same quarter a year earlier. Analysts polled by FactSet had been expecting $2.50 a share.

 

Write to Dean Seal at dean.seal@wsj.com

 

(END) Dow Jones Newswires

October 30, 2025 17:38 ET (21:38 GMT)

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