NASDAQ$SKYW

SkyWest Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported a profit for the fourth quarter of 2019.

SkyWest reported a net income of $73 million, or $1.43 per diluted share, for Q4 2019, compared to a net income of $67 million, or $1.28 per diluted share, for Q4 2018. Revenue was $744 million in Q4 2019, down from $803 million in Q4 2018.

  • Net income for Q4 2019 was $73 million, or $1.43 per diluted share.
  • Revenue for Q4 2019 was $744 million.
  • Operating expenses for Q4 2019 were $618 million.
  • SkyWest added ten new E175 aircraft and seven new CRJ900 aircraft since Q4 2018.

Headline financials

Total Revenue

$744M

Previous: $803M-7.5%
EPS (adj)

$1.43

Previous: $1.28+11.7%
Capital Expenditures

$19.6M

Previous: -$1.47M+1428.2%
Free Cash Flow

$119M

Previous: $231M-48.5%
Net Income

$73M

Previous: $67.1M+8.8%
Operating Income

$126M

Previous: $122M+3.7%
Gross Profit

$184M

Previous: $188M-1.8%
Cash & Equivalents

$520M

Previous: $328M+58.4%
Total Assets

$0.00

Previous: $6.31B-100.0%
Stock-Based Comp

$10.3M

Previous: $13.1M-21.6%

Revenue & EPS history

SkyWest · Revenue · Quarterly

$744M

Q4 2019-7.5%vs Q4 2018
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

SkyWest · $766M total across 2 segments · Q3 2023

  • Flying agreements
    $742M-2.8%
  • Lease, airport services and other
    $24.3M-6.4%

Forward guidance

2020 represents the start of the next phase of our fleet transition as we increase new E175 aircraft and invest in our older CRJ fleet, driven by strong demand for both aircraft types. We expect this will make 2020 a pivot year to position us for a new trajectory in 2021 and 2022.

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 Q4 2019

Historical avgQ4 2019

+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

Earnings price reactions
QuarterReport dateReaction (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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