SkyWest, Inc. (SKYW) Stock Analysis
Recovery setup
Industrials · Airlines
Sell if holding. At $92.02, A.R:R 1.0:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: United and Delta; Weak growth.
SkyWest, Inc. operates the largest regional airline operations in the United States through SkyWest Airlines, conducting approximately 2,260 daily departures under United Express, Delta Connection, American Eagle, and Alaska Airlines code-share agreements. Revenue is earned... Read more
Sell if holding. At $92.02, A.R:R 1.0:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: United and Delta; Weak growth. Chart setup: Death cross but MACD improving, RSI 62. Score 5.3/10, moderate confidence.
Passes 7/9 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 37d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About SkyWest, Inc.
About SkyWest, Inc.
SkyWest, Inc. completed 863,513 departures and 1,481,723 block hours in fiscal 2025 — up from 766,742 departures in 2024 as captain availability normalized after elevated attrition in 2022 and 2023. The company deployed 487 aircraft in scheduled service under United, Delta, American, and Alaska code-share agreements as of December 31, 2025, operating at hubs including Chicago, Dallas, Denver, Detroit, Houston, Minneapolis, Phoenix, Salt Lake City, San Francisco, and Seattle. SkyWest employed 15,775 people, with 89.6% represented by in-house labor associations.
Approximately 84% of SkyWest's flying agreements revenue in 2025 came from capacity purchase agreements under which United, Delta, American, and Alaska pay fixed rates per departure, flight hour, and block hour while bearing fuel price risk and controlling scheduling, ticketing, and seat inventories. The remaining ~16% derived from prorate agreements and SWC charter operations, where SkyWest retained scheduling control and bore fuel costs directly. United accounted for 216 of the 487 aircraft in scheduled service, Delta for 137, American for 92, and Alaska for 42, with 353 of the 487 total aircraft flying under United or Delta agreements. SkyWest Leasing contributed revenue by financing E175 aircraft and leasing 40 CRJ700s and 5 CRJ900s to third parties. SWC, the on-demand charter subsidiary operating since 2023, received DOT commuter air carrier authorization in September 2025. Eight new E175s for United and one for Alaska are scheduled for delivery in 2026, with 16 more for Delta in 2027 and 2028.
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The filing's most specific risk quantification concerns United and Delta: SkyWest disclosed that 353 of its 487 scheduled-service aircraft operated under United or Delta agreements as of December 31, 2025, and warned that termination of either relationship would likely have a material adverse effect on financial condition, operating revenues, and net income without an immediate replacement revenue source. Scope limitations embedded in each major airline's own labor agreements cap the seat count and aircraft type eligible for code-share use, constraining SkyWest's ability to grow outside the four-partner system or reallocate aircraft to alternative arrangements if one agreement were terminated.
See also: Industrials · Airlines
From SkyWest, Inc.'s most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-06-17Recent Developments — SkyWest, Inc.
Latest news
- NEWS Ruffer LLP Purchases New Shares in SkyWest, Inc. $SKYW - MarketBeat — MarketBeat positive
- NEWS SkyWest (SKYW) is a top-ranked growth stock: Should you buy? - MSN — MSN positive
- NEWS SkyWest (SKYW) Stock Slides as Market Rises: Facts to Know Before You Trade - Yahoo Finance — Yahoo Finance negative
- NEWS SkyWest Going Into Q1: Buy Thesis Still Looks Strong - Seeking Alpha — Seeking Alpha positive
- NEWS SkyWest (SKYW) Q3 2025 Earnings Call Transcript - The Globe and Mail — The Globe and Mail neutral
Generated 2026-06-17T08:41:50Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomerUnited and Delta10-K Item 1A: '353 out of our total 487 aircraft in scheduled service were operating under a capacity purchase agreement or a prorate agreement with either United or Delta'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
2 floor-breakers
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. At $92.02, A.R:R 1.0:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: United and Delta; Weak growth. Chart setup: Death cross but MACD improving, RSI 62. Prior stop was $86.20. Score 5.3/10, moderate confidence.
Take-profit target: $105.70 (+14.9% upside). Prior stop was $86.20. Stop-loss: $86.20.
Concentration risk — Customer: United and Delta; Weak growth; Below 200-MA, MA slope -4.4%/30d (confirmed downtrend).
SkyWest, Inc. trades at a P/E of 8.8 (forward 7.7). TrendMatrix value score: 7.6/10. Verdict: Sell.
12 analysts cover SKYW with a consensus score of 4.1/5. Average price target: $122.
What does SkyWest, Inc. do?SkyWest, Inc. operates the largest regional airline operations in the United States through SkyWest Airlines,...
SkyWest, Inc. operates the largest regional airline operations in the United States through SkyWest Airlines, conducting approximately 2,260 daily departures under United Express, Delta Connection, American Eagle, and Alaska Airlines code-share agreements. Revenue is earned primarily under fixed-fee capacity purchase agreements (approximately 84% of flying agreements revenue in 2025), covering a 487-aircraft in-service fleet with partners bearing fuel price risk.