Capacity Purchase Agreements Flight Operations Revenue (Non-Lease Component) was the largest of Skywest Inc’s 6 reported lines in fiscal 2025, at $2.59B — 63% of $4.13B.
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Capacity Purchase Agreements Flight Operations Revenue (Non-Lease Component) | $2.03B | $1.98B | $2.42B | $2.59B | ||||||
| Flight Operations | — | — | — | — | ||||||
| Aircraft Lease & Fixed Revenue | — | — | — | — | ||||||
| Aircraft Lease | — | — | — | — | ||||||
| Prorate Agreements & Swc Revenue | $349.34M | $381.39M | $457.39M | $610.41M | ||||||
| Prorate Agreements Revenue | — | — | — | — | ||||||
| Prorate Agreements | — | — | — | — | ||||||
| Capacity Purchase Agreements Fixed Aircraft Lease Revenue | $504.53M | $296.05M | $303.13M | $441.26M | ||||||
| Capacity Purchase Agreements Variable Aircraft Lease Revenue | $17.66M | $180.22M | $236.68M | $242.74M | ||||||
| Airport Customer Service & Other | — | — | — | — | ||||||
| Lease, Airport Services & Other | $105.09M | $101.04M | $115.12M | $173.05M | ||||||
| Airport Customer Service Revenue | — | — | — | — | ||||||
| Airport Customer Service & Other Revenue | $39.32M | $35.06M | $30.18M | $74.18M | ||||||
| Flying Agreements | — | — | — | — | ||||||
| Total | $3.04B | $2.97B | $3.56B | $4.13B |
In fiscal 2025, which ended December 31, 2025, the 6 revenue lines Skywest Inc reported in this breakdown added up to $4.13B. That was up 16.1% from $3.56B in fiscal 2024. Capacity Purchase Agreements Flight Operations Revenue (Non-Lease Component) was the largest revenue line, at $2.59B or 62.7% of the total, followed by Prorate Agreements & Swc Revenue ($610.41M, 14.8%) and Capacity Purchase Agreements Fixed Aircraft Lease Revenue ($441.26M, 10.7%). Together, the two largest revenue lines made up 77.5% of this total.
Compared with fiscal 2024, Lease, Airport Services & Other grew the fastest, rising 50.3% to $173.05M. Every sizeable revenue line reported in both years grew. Over fiscal 2022 to 2025, revenue across these revenue lines went from $3.04B to $4.13B, a compound annual growth rate of 10.7%. Capacity Purchase Agreements Flight Operations Revenue (Non-Lease Component)'s share of the total fell from 66.6% to 62.7% over the same years.
The table also keeps 8 revenue lines that Skywest Inc no longer reports, so earlier years can still be read on their original basis; use "Show 8 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2016 to 2025, as reported in Skywest Inc's annual filings.
Skywest Airlines was the largest of Skywest Inc’s 2 reported lines in fiscal 2025, at $3.42B — 84% of $4.06B.
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Skywest Airlines | $2.49B | $2.39B | $2.91B | $3.42B | |||||||||||||
| Total Operating Revenues | — | — | — | — | |||||||||||||
| Revenues | — | — | — | — | |||||||||||||
| Express Jet Airlines Inc | — | — | — | — | |||||||||||||
| Expressjet Airlines Inc | — | — | — | — | |||||||||||||
| Skywest Leasing | $512.61M | $543.26M | $622.58M | $643.14M | |||||||||||||
| Other Segments | — | — | — | — | |||||||||||||
| Total | $3.00B | $2.94B | $3.53B | $4.06B |
In fiscal 2025, which ended December 31, 2025, the 2 segments Skywest Inc reported in this breakdown added up to $4.06B. That was up 15.0% from $3.53B in fiscal 2024. Skywest Airlines was the largest segment, at $3.42B or 84.2% of the total, followed by Skywest Leasing ($643.14M, 15.8%).
Compared with fiscal 2024, Skywest Airlines grew the fastest, rising 17.5% to $3.42B. Over fiscal 2022 to 2025, revenue across these segments went from $3.00B to $4.06B, a compound annual growth rate of 10.5%. Skywest Airlines' share of the total rose from 82.9% to 84.2% over the same years.
The table also keeps 5 segments that Skywest Inc no longer reports, so earlier years can still be read on their original basis; use "Show 5 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2009 to 2025, as reported in Skywest Inc's annual filings.
Previously Reported was the largest of Skywest Inc’s 2 reported lines in fiscal 2016, at $3.05B — 101% of $3.03B.
| Initial Application Period Cumulative Effect Transition (2) | FY 2016 |
|---|---|
| Previously Reported | $3.05B |
| Adjustments | -$16.83M |
| Total | $3.03B |
In fiscal 2016, which ended December 31, 2016, the 2 revenue lines Skywest Inc reported in this breakdown added up to $3.03B. Previously Reported was the largest revenue line, at $3.05B or 100.6% of the total.
Figures are shown as reported, so the total is net of Adjustments, which was -$16.83M in fiscal 2016. This breakdown covers every fiscal year from 2016 to 2016, as reported in Skywest Inc's annual filings.
Skywest Inc (SKYW) breaks its revenue down by revenue line and segment. In fiscal 2025, its largest revenue line was Capacity Purchase Agreements Flight Operations Revenue (Non-Lease Component), with $2.59B or 62.7% of the total, followed by Prorate Agreements & Swc Revenue at $610.41M (14.8%).
Capacity Purchase Agreements Flight Operations Revenue (Non-Lease Component) was Skywest Inc's largest revenue line in fiscal 2025, with $2.59B in revenue, 62.7% of the $4.13B reported across its 6 revenue lines.
Skywest Airlines was Skywest Inc's largest segment in fiscal 2025, with $3.42B in revenue, 84.2% of the $4.06B reported across its 2 segments.
Of the Skywest Inc revenue lines reported in both fiscal 2024 and fiscal 2025, and making up at least 2% of the total, Lease, Airport Services & Other grew the fastest, rising 50.3% from $115.12M to $173.05M.
Every figure is taken from Skywest Inc's annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by revenue line covers fiscal 2016 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.