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Skywest (SKYW)

SkyWest, Inc. is the holding company for SkyWest Airlines and SkyWest Leasing, an aircraft leasing company. SkyWest Airlines has a fleet of nearly 450 aircraft connecting passengers to 227 destinations throughout North America. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines carrying more than 43 million passengers in 2019. Based in St. George, Utah, SkyWest continues to set the standard for excellence across the regional industry with exceptional value for customers, shareholders and more than 13,000 employees.

Company profile

Ticker
SKYW
Exchange
Website
CEO
Jerry Atkin
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
SkyWest Airlines, Inc. • SkyWest Leasing, Inc. ...
IRS number
870292166

SKYW stock data

Analyst ratings and price targets

Last 3 months

Calendar

5 May 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 246M 246M 246M 246M 246M 246M
Cash burn (monthly) 4.14M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 11.9M n/a n/a n/a n/a n/a
Cash remaining 234.1M n/a n/a n/a n/a n/a
Runway (months of cash) 56.5 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Mar 22 Atkin Jerry C Common Stock Buy Acquire P Yes No 25.33 55,000 1.39M 270,903
11 Mar 22 Atkin Jerry C Common Stock Buy Acquire P No No 25.33 55,000 1.39M 311,184
11 Mar 22 Atkin Jerry C Common Stock Buy Acquire P Yes No 25.33 71,821 1.82M 287,724
11 Mar 22 Atkin Jerry C Common Stock Buy Acquire P No No 25.33 71,821 1.82M 328,005
10 Feb 22 Ronald J Mittelstaedt Common Stock Grant Acquire A No No 0 3,053 0 28,289
10 Feb 22 Keith Smith Common Stock Grant Acquire A No No 0 3,053 0 28,289
10 Feb 22 Meredith R. Siegfried Common Stock Grant Acquire A No No 0 3,053 0 20,838
84.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 212 222 -4.5%
Opened positions 36 31 +16.1%
Closed positions 46 24 +91.7%
Increased positions 85 61 +39.3%
Reduced positions 66 94 -29.8%
13F shares Current Prev Q Change
Total value 1.23B 1.73B -28.8%
Total shares 42.78M 44.1M -3.0%
Total puts 196.6K 227K -13.4%
Total calls 192.2K 176.5K +8.9%
Total put/call ratio 1.0 1.3 -20.5%
Largest owners Shares Value Change
BLK Blackrock 8.05M $232.27M +0.8%
Vanguard 5.64M $162.72M -1.5%
Dimensional Fund Advisors 3.38M $97.39M +1.9%
GROW U.S. Global Investors 3.34M $96.32M +42.1%
Alliancebernstein 3.34M $96.3M -2.4%
STT State Street 2.44M $70.47M +14.4%
BK Bank Of New York Mellon 1.59M $45.8M -36.4%
Geode Capital Management 924.61K $26.68M +0.7%
LSV Asset Management 596.34K $17.2M +28.8%
NTRS Northern Trust 543.19K $15.67M -30.5%
Largest transactions Shares Bought/sold Change
GROW U.S. Global Investors 3.34M +989.75K +42.1%
BK Bank Of New York Mellon 1.59M -909.45K -36.4%
MCQEF Macquarie 39.4K -841.37K -95.5%
Victory Capital Management 171.03K -822.05K -82.8%
IVZ Invesco 247.6K -757.23K -75.4%
AMP Ameriprise Financial 251.52K -548.43K -68.6%
Granite Investment Partners 0 -501.81K EXIT
Marshall Wace 426.8K +426.8K NEW
Renaissance Technologies 422.2K +394.23K +1409.6%
D. E. Shaw & Co. 343.54K +333.76K +3411.6%

Financial report summary

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Competition
Mesa AirHarbor Diversified
Management Discussion
  • Flying agreements revenue primarily consists of revenue earned on flights we operate under our capacity purchase agreements and prorate agreements with our major airline partners. Lease, airport services and other revenues consist of revenue earned from leasing aircraft and spare engines to third parties separate from our capacity purchase agreements and providing airport counter, gate and ramp services.
  • The increase in “Capacity purchase agreements revenue: flight operations” of $201.4 million was primarily due to an increase in scheduled flights we operated under our contracts with our major airline partners as a result of the ongoing COVID-19 demand recovery. Our completed departures increased 28.1% and completed block hours increased 35.6% for the year ended December 31, 2021, compared to year ended December 31, 2020.
  • The increase in “Capacity purchase agreements revenue: aircraft lease and fixed revenue” of $212.1 million was primarily due to recognizing previously deferred revenue and unbilled revenue during the year ended December 31, 2021, compared to the year ended December 31, 2020, combined with aircraft lease and fixed rate revenue generated from 18 E175 aircraft added to our fleet since December 31, 2020. Under our capacity purchase agreements, we are paid a fixed amount per month per aircraft over the contract term. We recognize the fixed amount per aircraft as revenue

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