By the end of 2026, SkyWest is scheduled to operate a total of 278 E175 aircraft, with approximately 300 E175 aircraft anticipated by end of 2028. The company's reliance on a limited number of partners for approximately 70.3% of revenue from Delta and United combined exposes it to significant counterparty risk, though this also provides operational stability.
Cyborg Score Rationale
SkyWest operates a substantial fleet and generates significant passenger volume across major U.S. carriers. However, high debt levels ($2.4B) and concentrated revenue dependency create vulnerability. Fleet modernization with E175 aircraft and Maeve Aerospace partnership show strategic positioning for growth.
Top Insights
Total long-term debt of $2.4 billion as of December 31, 2025, with significant portions allocated to aircraft and engine financing.
SkyWest has entered into a strategic agreement as an equity investor in Maeve Aerospace with exclusive launch customer rights for the MAEVE Jet.
Fleet consisted of 624 aircraft as of December 31, 2024, with approximately 2,190 total daily departures.
Debt obligations include a notable increase in interest rate on unsecured debt payable to Treasury scheduled for first half of 2026.
Named Competitors
Endeavor Air — Delta's regional airline subsidiary