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SKYW Skywest

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
CEO
Jerry Atkin
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
870292166

SKYW stock data

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Calendar

6 May 21
13 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Skywest earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 231.01M 231.01M 231.01M 231.01M 231.01M 231.01M
Cash burn (monthly) (positive/no burn) 4.88M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 11.86M n/a n/a n/a n/a
Cash remaining n/a 219.15M n/a n/a n/a n/a
Runway (months of cash) n/a 44.9 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
12 Mar 21 Childs Russell A Common Stock Sell Dispose S No No 59.6735 17,000 1.01M 155,857
8 Mar 21 Childs Russell A Common Stock Sell Dispose S No No 58.6337 10,159 595.66K 172,857
8 Mar 21 Childs Russell A Common Stock Sell Dispose S No No 58.0652 30,861 1.79M 183,016
8 Mar 21 Childs Russell A Common Stock Option exercise Aquire M No No 14.78 41,020 606.28K 213,877
8 Mar 21 Childs Russell A Stock Option Common Stock Option exercise Aquire M No No 14.78 41,020 606.28K 0
25 Feb 21 Henry J Eyring Common Stock Sell Dispose S No No 57.0143 2,300 131.13K 2,600
25 Feb 21 Henry J Eyring Common Stock Sell Dispose S No No 56.0604 2,682 150.35K 4,900
25 Feb 21 Henry J Eyring Common Stock Sell Dispose S No No 55.217 15,270 843.16K 7,582
24 Feb 21 Henry J Eyring Common Stock Sell Dispose S No No 60.2954 10,000 602.95K 22,852
23 Feb 21 Eric Woodward Common Stock Sell Dispose S No No 60.374 3,000 181.12K 25,513

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

87.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 227 215 +5.6%
Opened positions 36 40 -10.0%
Closed positions 24 26 -7.7%
Increased positions 63 58 +8.6%
Reduced positions 92 80 +15.0%
13F shares
Current Prev Q Change
Total value 2.39B 1.78B +34.7%
Total shares 43.93M 44.06M -0.3%
Total puts 69.7K 30.5K +128.5%
Total calls 545.2K 349.1K +56.2%
Total put/call ratio 0.1 0.1 +46.3%
Largest owners
Shares Value Change
BLK Blackrock 7.94M $432.76M +6.4%
Vanguard 5.36M $291.77M +6.4%
Dimensional Fund Advisors 3.5M $190.49M -1.1%
Alliancebernstein 2.95M $160.48M -1.9%
GROW U.S. Global Investors 2.06M $112.25M -0.3%
BK Bank Of New York Mellon 2.06M $112.07M -1.1%
STT State Street 1.88M $102.58M +2.8%
AMP Ameriprise Financial 896.89K $48.86M -1.5%
MCQEF Macquarie 857.62K $46.72M -2.1%
Geode Capital Management 848.07K $46.2M +7.5%
Largest transactions
Shares Bought/sold Change
BLK Blackrock 7.94M +475.22K +6.4%
FMR 815.32K +437.9K +116.0%
LSV Asset Management 580.04K -386.77K -40.0%
Vanguard 5.36M +323.89K +6.4%
JPM JPMorgan Chase & Co. 543.7K +295.87K +119.4%
PFG Principal Financial Group Inc - Registered Shares 599.39K -269.19K -31.0%
Voya Investment Management 100.03K -253.17K -71.7%
Victory Capital Management 796.87K +228.06K +40.1%
GS Goldman Sachs 812.98K -216.79K -21.1%
Norges Bank 0 -184.01K EXIT

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 decrease in “Capacity purchase agreements revenue: flight operations” of $593.1 million was due to a reduction in flights we were scheduled to operate by our major airline partners in 2020 as a result of decreased passenger demand in response to the COVID-19 pandemic. Our completed departures decreased 30.5% and completed block hours decreased 33.5% during 2020 compared to 2019.
  • The increase in “Capacity purchase agreements revenue: aircraft lease and fixed revenue” of $16.7 million was due to the incremental lease revenue generated from six new E175 aircraft that we acquired through debt added to capacity purchase agreements and increases to the fixed monthly rates made to certain existing capacity purchase agreements that were extended since December 31, 2019. For clarity, we added a total of 37 new E175 to our capacity purchase agreements during 2020, however our major airline partners acquired 31 of these E175s and we have no aircraft ownership lease revenue associated with these 31 E175s.
Content analysis
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Positive
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Constraining
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Readability
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