SkyWest, Inc. is a leading regional airline operator in North America, providing scheduled passenger services to over 240 destinations across the United States, Canada, and Mexico. The company operates primarily through its subsidiary, SkyWest Airlines, and generates the vast majority of its revenue through long-term, fixed-fee capacity purchase agreements (CPAs) with major network carriers, including United Airlines (United Express), Delta Air Lines (Delta Connection), American Airlines (American Eagle), and Alaska Airlines. Under these agreements, the major airlines control scheduling, ticketing, and pricing, while SkyWest is compensated based on completed flights, block hours, and the number of aircraft under contract. This model insulates SkyWest from direct ticket sales volatility and fuel price fluctuations, as fuel costs are typically covered or reimbursed by the major airline partners.
In addition to its core passenger airline operations, SkyWest operates a leasing segment, SkyWest Leasing, which finances new aircraft and leases regional jets and spare engines to third parties. The company also operates SkyWest Charter (SWC) to provide on-demand charter services. As of late 2025, SkyWest's fleet consisted of over 600 aircraft, predominantly Embraer E175s and Bombardier CRJ series jets. By focusing on underserved and smaller regional markets, SkyWest serves as a critical feeder network for its major airline partners' hubs, maintaining a strong competitive position in the regional aviation industry.
