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SKYW Stock Surges 22.6% in Q2: Can the Momentum Last in 2025?
ZACKS· 2025-09-25 18:31
Core Insights - SkyWest (SKYW) stock has shown strong performance in 2024, with shares rising 22.6% year over year, significantly outperforming the Zacks Transportation sector, which declined by 11% [1][9] Growth Drivers - The investment in Maeve Aerospace in September 2025 enhances SkyWest's prospects by securing exclusive launch customer rights for the hybrid-electric MAEVE Jet, positioning the company at the forefront of sustainable regional aviation and reflecting a proactive fleet modernization strategy [3] - SkyWest plans to expand its fleet to nearly 300 E175 aircraft by the end of 2028, including 44 additional deliveries from 2028 to 2032, supported by partnerships with leading U.S. carriers, indicating a strong focus on the regional jet market [4] Operational Performance - In Q2 2025, SkyWest reported a 19% year-over-year increase in total block hours, with departures up by 17.7% and passengers carried increasing by 13.1%. The airline maintained a high adjusted flight completion rate of 99.9% and improved raw flight completion to 99.1%, showcasing operational excellence [5][9] Financial Estimates - The Zacks Consensus Estimate for the current quarter of 2025, full-year 2025, and full-year 2026 has increased by 5.35%, 1.02%, and 1.64%, respectively, over the past 60 days, reflecting positive sentiment around the company's performance [6]
SkyWest to Gain From Investment Deal With Maeve Aerospace: Here's How
ZACKS· 2025-09-17 18:55
Core Insights - SkyWest, Inc. (SKYW) is enhancing its position in the aviation sector by investing in Maeve Aerospace, focusing on economic regional aviation solutions [1][8] - The investment allows SkyWest to contribute its operational and design expertise to the development of Maeve's hybrid electric aircraft, MAEVE Jet [2][8] - The agreement grants SkyWest exclusive launch customer rights, aligning with its long-term fleet upgrade strategy [3][8] Fleet Modernization Efforts - SkyWest has ongoing fleet modernization initiatives, including agreements with major airlines such as United Airlines (UAL), Delta Air Lines (DAL), and Alaska Airlines (ALK) [3][6] - Under a prior agreement with UAL, SkyWest received two new E175 aircraft in Q2 2025, with additional deliveries scheduled [4] - Delta Air Lines has a multi-year contract with SkyWest for 16 new E175 aircraft, which will replace older CRJ900s and CRJ700s [5] Future Deliveries and Projections - SkyWest is set to purchase 16 E175s from Embraer, with deliveries planned for 2027 and 2028, aiming for a fleet of nearly 300 E175 aircraft by the end of 2028 [6] - The investment in Maeve Aerospace is seen as a strategic move to support long-term fleet renewal with more sustainable aircraft [6]