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ST. GEORGE, Utah - SkyWest, Inc. (NASDAQ: SKYW), the parent company of SkyWest Airlines, has increased its share repurchase authorization by $250 million, the company announced on Tuesday. This move expands the total available repurchase amount to approximately $272 million, considering the remaining $22 million from the previous plan. According to InvestingPro data, SkyWest demonstrates a high shareholder yield, with the stock currently trading below its Fair Value.
The board’s decision authorizes the company to buy back shares from the open market, through private transactions, or other methods as allowed by federal securities laws. The timing and volume of repurchases will be at the discretion of SkyWest’s management and will depend on market conditions and other factors, with no set expiration date for the completion of the buyback.
This announcement follows the repurchase of approximately $12 million of its common stock in April 2025. The repurchase plan is part of SkyWest’s strategy to manage capital and return value to shareholders. It should be noted that the plan may be altered or halted at any time by the management.
SkyWest, Inc. operates SkyWest Airlines, one of the leading regional airlines in North America, which flew over 42 million passengers in 2024. With an EBITDA of $908 million and a market capitalization of $3.8 billion, the airline maintains a fleet of roughly 500 aircraft and connects passengers to more than 240 destinations through partnerships with major carriers such as United Airlines, Delta Air Lines, American Airlines, and Alaska Airlines. InvestingPro analysis reveals multiple growth indicators and financial metrics that suggest strong operational performance. Subscribers can access the comprehensive Pro Research Report for deeper insights into SkyWest’s business model and growth prospects.
Investors are advised that this press release includes forward-looking statements subject to risks and uncertainties. The actual results may differ from those projected due to various factors, including changes in market conditions or the company’s financial situation. Further details on these risks can be found in SkyWest’s filings with the Securities and Exchange Commission.
The information contained in this article is based on a press release statement from SkyWest, Inc.
In other recent news, SkyWest Inc. reported impressive financial results for the first quarter of 2025, exceeding analysts’ predictions. The company achieved an earnings per share (EPS) of $2.42, surpassing the anticipated $2.06, while revenue reached $948 million, slightly above the forecasted $947.06 million. This marks an 18% year-over-year increase in revenue. SkyWest also received tentative approval from the Department of Transportation for its charter service, signaling potential growth in this area. The company is actively expanding its fleet with new aircraft orders, including 16 new E175s expected by the end of 2026. Additionally, SkyWest has entered into agreements to extend contracts for dual-class CRJ aircraft with Delta, enhancing its operational capacity. Analysts from firms like Goldman Sachs and Raymond James have noted the company’s strong demand and strategic fleet utilization. SkyWest’s effective financial management is further demonstrated by its debt repayment of $114 million in the first quarter, maintaining a robust cash position of $751 million.
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