SHARPE
Reported results
- Q3 2026 net income was $120 million, or $3.08 per diluted share, compared to net income of $116 million, or $2.81 per diluted share, in Q3 2025.
- Total operating revenues were $1.12 billion in Q3 2026, up 6% from $1.05 billion in Q3 2025.
- Q3 2026 pre-tax income was $159 million, up from $157 million in Q3 2025 and up sequentially from $139 million in Q2 2026.
- Operating expenses were $941 million in Q3 2026, up 7% from $876 million in Q3 2025.
- Operating income was $176,029 thousand in Q3 2026, compared to $174,143 thousand in Q3 2025.
Guidance
- By the end of 2027, SkyWest anticipates having over 300 E175 aircraft in its fleet.
- SkyWest anticipates E175 aircraft deliveries of 13 in 2026, 18 in 2027, 10 in 2028, and 28 thereafter, totaling 69 aircraft.
Notes
In Q3 2026, SkyWest revised the estimated useful life of its E175 fleet to 30 years, which reduced depreciation expense in Q3 2026 compared to Q3 2025 and Q2 2026.
Price and volatility reaction
The stock moved -14.7% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -5.7 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 96.54 | 2026-10-29 |
| Close after release | 82.33 | 2026-10-30 |
| Realised move | -14.7% | close to close |
| 30d ATM IV change | -5.7 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.