Capacity Purchase Agreements Flight Operations Revenue (Non-Lease Component) was Skywest’s largest product and service line in fiscal 2025, bringing in $2.59B of $4.13B (63%).
| 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 |
Skywest brought in $4.13B from its six product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 16.1% from $3.56B in fiscal 2024. Capacity Purchase Agreements Flight Operations Revenue (Non-Lease Component) was the largest at $2.59B (62.7%), ahead of Prorate Agreements & Swc Revenue at $610.41M (14.8%) and Capacity Purchase Agreements Fixed Aircraft Lease Revenue at $441.26M (10.7%). The other three lines brought in $489.97M combined.
Compared with fiscal 2024, Lease, Airport Services & Other grew fastest, up 50.3% to $173.05M. Every line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these lines grew 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%.
Skywest Airlines was Skywest’s largest segment in fiscal 2025, bringing in $3.42B of $4.06B (84%).
| 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 |
Skywest brought in $4.06B from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 15.0% from $3.53B in fiscal 2024. Skywest Airlines was the largest at $3.42B (84.2%), ahead of Skywest Leasing at $643.14M (15.8%).
Compared with fiscal 2024, Skywest Airlines grew 17.5% to $3.42B and Skywest Leasing grew 3.3% to $643.14M. From fiscal 2022 to 2025, combined revenue from these segments grew 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%.
Previously Reported was Skywest’s largest revenue line in fiscal 2016, bringing in $3.05B of $3.03B (101%).
| Initial Application Period Cumulative Effect Transition (2) | FY 2016 |
|---|---|
| Previously Reported | $3.05B |
| Adjustments | -$16.83M |
| Total | $3.03B |
Skywest brought in $3.03B from its two revenue lines in fiscal 2016, the year ended December 31, 2016. Previously Reported was the largest at $3.05B (100.6%).
The total is net of Adjustments, which took $16.83M off revenue in fiscal 2016.
Skywest (SKYW) reports its revenue by product and service, by segment and by initial application period cumulative effect transition (2). In fiscal 2025, Capacity Purchase Agreements Flight Operations Revenue (Non-Lease Component) was its largest product and service line, bringing in $2.59B (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's largest product and service line in fiscal 2025, bringing in $2.59B, or 62.7% of the $4.13B total across its six product and service lines.
Skywest Airlines was Skywest's largest segment in fiscal 2025, bringing in $3.42B, or 84.2% of the $4.06B total across its two segments.
Previously Reported was Skywest's largest revenue line in fiscal 2016, bringing in $3.05B, or 100.6% of the $3.03B total across its two revenue lines.
Among Skywest's product and service lines that make up at least 2% of revenue, Lease, Airport Services & Other grew fastest in fiscal 2025, up 50.3% from $115.12M to $173.05M.
Every figure comes from Skywest's annual financial filings, as reported. Each line keeps the name Skywest gives it, and years follow its fiscal calendar.
Skywest's revenue by product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.