NASDAQ$SKYW
SkyWest Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported a profit for the third quarter of 2021, with revenue increasing due to the recovery of flying demand.
SkyWest reported net income of $10 million, or $0.19 per diluted share, for Q3 2021. Adjusted net income was $74 million, up 119% from Q3 2020. Revenue for the quarter was $745 million, a 63% increase from Q3 2020.
- Pre-tax income was $14 million, with net income at $10 million, or $0.19 per diluted share.
- Adjusted net income reached $74 million, or $1.45 per diluted share.
- Q3 2021 adjusted net income excludes a non-cash impairment charge on SkyWest’s CRJ900 aircraft of $85 million (pre-tax).
- 45 new E175 aircraft are scheduled to be placed into service in 2022 and 2023.
Headline financials
Revenue & EPS history
SkyWest · Revenue · Quarterly
$745M
Revenue by segment
SkyWest · $745M total across 2 segments · Q3 2021
- Flying agreements$719M—96.5%
- Lease, airport services and other$25.7M—3.5%
Forward guidance
SkyWest anticipates the impact of the server outage may negatively impact Q4 2021 financial results from $15 million to $20 million (pre-tax).
Headwinds
- Anticipate impact of the outage may negatively impact Q4 2021 financial results from $15 million to $20 million (pre-tax).
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
+1.4%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+6.3%
Avg return
30 days after
52%
34 / 66 earnings
Positive
+22.7%
Q1 2020
Best reaction
-24.0%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -7.1% | -13.2% | -8.6% | |
| Q4 2025 | -5.0% | +1.6% | +2.5% | |
| Q3 2025 | +5.5% | +3.8% | +6.7% | |
| Q2 2025 | -0.1% | -2.8% | -7.7% | |
| Q1 2025 | -1.3% | +0.1% | +9.9% | |
| Q4 2024 | +3.6% | +1.3% | -15.3% | |
| Q3 2024 | +5.0% | +8.0% | +18.9% | |
| Q2 2024 | -7.7% | -6.6% | -8.2% | |
| Q1 2024 | +3.2% | +2.4% | +5.2% | |
| Q4 2023 | +9.9% | +11.8% | +21.5% | |
| Q3 2023 | +11.2% | +10.9% | +22.1% | |
| Q2 2023 | +10.8% | +10.3% | -0.1% | |
| Q1 2023 | +19.6% | +15.8% | +28.4% | |
| Q4 2022 | -9.2% | -8.6% | +2.1% | |
| Q3 2022 | -4.1% | -3.9% | -2.0% | |
| Q2 2022 | +9.1% | +8.6% | -1.6% | |
| Q1 2022 | +2.5% | +0.5% | -6.7% | |
| Q4 2021 | -24.0% | -15.5% | -34.1% | |
| Q3 2021 | -5.3% | -2.8% | -9.7% | |
| Q2 2021 | -0.9% | -2.5% | +18.7% | |
| Q1 2021 | -2.7% | -5.9% | -4.0% | |
| Q4 2020 | +3.2% | +7.9% | +32.7% | |
| Q3 2020 | +4.4% | +6.0% | +55.7% | |
| Q2 2020 | -8.6% | -4.4% | +21.1% | |
| Q1 2020 | +22.7% | +7.9% | +77.5% | |
| Q4 2019 | -9.4% | -5.1% | -25.5% | |
| Q3 2019 | +0.8% | +4.1% | +6.1% | |
| Q2 2019 | -2.6% | -10.1% | -8.2% | |
| Q1 2019 | +1.1% | +3.1% | +0.4% | |
| Q4 2018 | +1.7% | +3.2% | +3.8% | |
| Q3 2018 | +13.1% | +10.3% | +9.6% | |
| Q2 2018 | +8.4% | +7.2% | +14.5% | |
| Q1 2018 | +5.2% | +6.1% | +6.2% | |
| Q4 2017 | -2.9% | -5.2% | -1.8% | |
| Q3 2017 | +1.9% | +2.8% | +10.6% | |
| Q2 2017 | -0.3% | -3.6% | -9.3% | |
| Q1 2017 | +3.8% | +3.6% | -1.4% | |
| Q4 2016 | -4.6% | -9.5% | -0.8% | |
| Q3 2016 | +0.5% | +0.2% | +27.2% | |
| Q2 2016 | -1.1% | -6.3% | -6.2% | |
| Q1 2016 | +14.2% | — | — | |
| Q4 2015 | +0.3% | — | — | |
| Q3 2015 | -8.9% | — | — | |
| Q2 2015 | +17.4% | — | — | |
| Q1 2015 | +17.2% | — | — | |
| Q4 2014 | +7.5% | — | — | |
| Q3 2014 | +11.9% | — | — | |
| Q2 2014 | -10.8% | — | — | |
| Q1 2014 | -0.9% | — | — | |
| Q4 2013 | +2.4% | — | — | |
| Q3 2013 | -5.2% | — | — | |
| Q2 2013 | +0.5% | — | — | |
| Q1 2013 | -7.7% | — | — | |
| Q4 2012 | -1.9% | — | — | |
| Q3 2012 | -2.2% | — | — | |
| Q2 2012 | +19.1% | — | — | |
| Q1 2012 | -2.2% | — | — | |
| Q1 2011 | +3.1% | — | — | |
| Q4 2009 | -3.3% | — | — | |
| Q1 2010 | -3.3% | — | — | |
| Q4 2011 | -3.3% | — | — | |
| Q3 2010 | +2.4% | — | — | |
| Q3 2011 | +2.4% | — | — | |
| Q4 2010 | -1.5% | — | — | |
| Q2 2010 | -1.5% | — | — | |
| Q2 2011 | -1.5% | — | — |
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