Evercore ISI Remains Bullish on SkyWest (SKYW)

Core Viewpoint - SkyWest, Inc. (NASDAQ:SKYW) is considered one of the most undervalued travel stocks, receiving a Buy rating from Evercore ISI with a price target of $130.00 [1] Financial Performance - For fiscal Q4 2025, SkyWest reported a net income of $91 million, or $2.21 per diluted share, down from $97 million, or $2.34 per diluted share in the same quarter of the previous year [2] - The full year 2025 net income was $428 million, or $10.35 per diluted share, representing a 33% increase from $323 million, or $7.77 per diluted share in 2024 [2] - Year-over-year block hour growth was reported at 15% [2] Operational Developments - SkyWest took delivery of five new E175 aircraft in Q4 2025 under an agreement with United Airlines and secured a multi-year contract extension for 40 E175 aircraft with United, effective January 2026 [3] - Additionally, a multi-year contract extension was reached with Delta Air Lines for 13 E175 aircraft, also effective January 2026 [3] Company Overview - SkyWest, Inc. provides scheduled passenger services across the United States, Mexico, Canada, and the Caribbean, with operations divided into SkyWest Airlines, SWC, and SkyWest Leasing segments [4]