SKYW · SkyWest, Inc. Q2 FY2026 earnings call record财报电话会记录

“Similar to our major partners, that strong demand enabled us to offset about 60% of the fuel impact in the fair portion of our pro-rate business.”

“The free cash flow that we continue to generate is still directed toward fleet growth opportunities, debt reduction, and share repurchase.”

“Today we reported a Q2 GAAP net income of $101 million, or $2.54 earnings per share.”

“Total Q2 revenue of $1.1 billion is up nine percent from $1 billion in Q1 2026 on strong block hour demand from our partners during a volatile quarter, and is up seven percent from $1 billion in Q2 2025.”

“The year-over-year increase of $33 million was due to both a higher price per gallon, a $21 million negative impact, and incremental prorate production, a $12 million impact.”

“As of June 30th, we had $63 million remaining under our current share repurchase authorization, as announced today, the board has authorized an additional $250 million of share repurchase on top of the $63 million.”

“Since the end of 2025, we reduced our total debt balance by approximately $100 million, invested over $240 million in CapEx for fleet and related assets, and repurchased $150 million of our shares.”

“We expect to continue to deploy in a balanced way our ongoing generation of free cash flow by investing in our fleet, including financing the addition of 34 new E175s by the end of 2028, reducing our debt, and executing opportunistically our share repurchase program.”

“In terms of how to think of quarterly EPS modeling for the back half of 2026, on a GAAP basis, we anticipate directionally that Q3, we expect to be down seasonally, or we expect to be seasonally the strongest quarter of the year, and Q4 should be down modestly from Q3.”

“This year, we expect to take delivery of 13 new E175s, place 23 CRJ550s into service, and capitalize on pro-rate demand.”

“We are committed to collaborating with our major partners to deliver innovative solutions that meet the continued demand for our products.”

“Can you guys just give a little further insight into demand trends you've been seeing in the pro-rate business and on forward bookings fare later into the summer and fall, and how consumers have been reacting to fare increases that have been issued?”