A Look At SkyWest (SKYW) Valuation After Updated 2026 Earnings Guidance And 2025 Results

Simply Wall St

Tue, February 10, 2026 at 4:07 PM GMT+9 3 min read

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SkyWest (SKYW) is back in focus after updating its 2026 earnings outlook to the mid $11 per share range, alongside reporting full year 2025 results and progress on its multi year share repurchase program.

See our latest analysis for SkyWest.

The earnings guidance and full year 2025 results appear to have coincided with building momentum, with a 90 day share price return of 8.69% and a very large 3 year total shareholder return of 440.83%, even though the 1 year total shareholder return is a 6.84% decline.

If SkyWest’s recent move has you looking beyond a single airline, it could be a good time to widen your search and check out our 22 top founder-led companies.

With SkyWest guiding to mid $11 earnings per share for 2026 and trading at $105.57, the stock appears inexpensive on a simple P/E check. The key question is whether this represents a genuine opportunity or whether the market has already incorporated those expectations into the price.

Most Popular Narrative: 17.7% Undervalued

With SkyWest shares at $105.57 and the widely followed fair value sitting at about $128.33, the current price sits well below what the narrative model suggests, using a 9.44% discount rate to translate future expectations into today’s terms.

Fleet modernization through significant orders of new, fuel-efficient E175 aircraft under long-term, flexible contracts is expected to improve cost structure, enhance asset utilization, and boost net margins as newer planes replace older, less efficient models and support new multiyear agreements with major carriers.

Read the complete narrative. Read the complete narrative.

Want to see what is baked into that fair value gap? The narrative leans heavily on measured revenue growth, firmer margins, and a future earnings multiple that assumes investors stay willing to pay up for steadier profits.

Result: Fair Value of $128.33 (UNDERVALUED)

Have a read of the narrative in full and understand what’s behind the forecasts.

However, that story can change quickly if pilot shortages tighten further or if major airline partners alter key capacity purchase agreements in ways that affect revenue or margins.

Find out about the key risks to this SkyWest narrative.

Build Your Own SkyWest Narrative

If you see the numbers differently or simply prefer to test your own assumptions, you can build a personalized SkyWest narrative in just a few minutes: Do it your way

A great starting point for your SkyWest research is our analysis highlighting 5 key rewards and 2 important warning signs that could impact your investment decision.

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_ This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._

Companies discussed in this article include SKYW.

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