SKYW

• Pre-tax income was $139 million, a 29% increase from Q1 2026.
• Board approved a $250 million increase to the stock repurchase program, authorizing up to approximately $313 million total.
• SkyWest secured an agreement to purchase and operate 11 new E175 aircraft for American Airlines.
• Cash and marketable securities were $601 million at June 30, 2026, down from $707 million at December 31, 2025.

2.02 Results of Operations and Financial Condition · 8.01 Other Events · 9.01 Financial Statements and Exhibits

• Advisory vote on named executive officer compensation passed with 34,740,787 votes for and 622,058 against.
• Shareholders ratified Ernst & Young LLP as independent auditor for fiscal year 2026 with 36,623,631 votes for.
• A shareholder proposal was not approved, with 9,473,101 votes for and 25,775,259 against.
• The report was filed under Item 5.07 to disclose the voting results of the annual meeting.

5.07 Submission of Matters to a Vote of Security Holders

• Q1 2026 pre-tax income was $108 million, and net income was $102 million, or $2.50 per diluted share.
• Q1 2026 net income included a discrete income tax benefit of $12 million, or $0.29 per diluted share.
• SkyWest expects to convert its CRJ200 aircraft to a new 41-seat, dual-class CRJ450 configuration, with first service expected in Fall 2026.
• SkyWest had $627 million in cash and marketable securities at March 31, 2026, and repurchased 783,000 shares for $75 million during Q1 2026.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Full year 2025 net income was $428 million, or $10.35 per diluted share, up 33% from 2024.
• Q4 2025 pre-tax income was reduced by $7 million due to FAA-mandated flight cancellations from the U.S. government shutdown.
• SkyWest took delivery of five new E175 aircraft in Q4 2025 and announced contract extensions with United and Delta in January 2026.
• Cash and marketable securities were $707 million at December 31, 2025, down from $802 million a year earlier.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Q3 2025 operating income was $174 million, up 33% from Q3 2024.
• SkyWest reached a multi-year contract extension with United Airlines for up to 40 CRJ200 aircraft.
• Cash and marketable securities were $753 million at September 30, 2025, down from $802 million at December 31, 2024.
• SkyWest repurchased 244,000 shares for $26.6 million during Q3 2025.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Q2 2025 pre-tax income was $163 million, and operating income was $170 million.
• Block hour production increased 19% year-over-year in Q2 2025.
• SkyWest secured an agreement to purchase and operate 16 new E175 aircraft for Delta Air Lines, with deliveries in 2027 and 2028.
• Cash and marketable securities were $727 million at June 30, 2025, down from $802 million at December 31, 2024.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• At the May 6, 2025 annual meeting, shareholders elected seven director nominees, each to serve until the next annual meeting.
• Shareholders approved, on an advisory basis, the compensation of named executive officers with 33,416,415 votes for and 856,035 against.
• Shareholders ratified the appointment of Ernst & Young LLP as independent auditor for fiscal year 2025 with 35,841,929 votes for.
• A shareholder proposal described in the proxy statement was not approved, with 9,856,009 votes for and 24,340,598 against.

5.07 Submission of Matters to a Vote of Security Holders

• On May 6, 2025, SkyWest's Board of Directors approved a $250 million increase to its existing share repurchase plan.
• Following the increase, SkyWest is authorized to repurchase up to approximately $272 million of its common stock.
• Repurchases may occur in the open market or privately negotiated transactions, with no expiration date, and management may suspend or commence repurchases at any time.
• A press release announcing the plan was issued on May 7, 2025, and filed as Exhibit 99.1.

8.01 Other Events · 9.01 Financial Statements and Exhibits