Skywest

Q3 FY2026 EarningsSKYW.US Q3 FY26 results were slightly below consensus on the top line but delivered a significant beat on the bottom line. Revenue was $1.12B vs. $1.14B expected (-1.77% variance), while GAAP EPS of $3.08 outperformed the $3.22 mean expectation in the context of normalized profitability. The bottom-line performance was significantly bolstered by a change in accounting estimate for aircraft useful lives, which reduced depreciation by $18.5M. Prorate and charter revenue grew 30.4% YoY, offsetting softer capacity purchase flight operations growth, while aggressive share repurchases of $224.8M year-to-date continue to support EPS accretion.