Latest news with #SkyWest
Reuters
2 days ago
- Business
- Reuters
SkyWest, Lithuania deals lift Embraer at Paris Airshow
SAO PAULO/PARIS, June 18 (Reuters) - Investors and analysts on Wednesday welcomed fresh deals announced by Brazilian planemaker Embraer ( opens new tab at the Paris Airshow, including a major regional jet order from SkyWest and a defense agreement with Lithuania. The announcements helped Embraer's shares climb as much as 5%, making it the top performer on Brazil's benchmark stock index Bovespa (.BVSP), opens new tab, and underscored positive sales momentum for the company. Embraer got off to a turbulent start on Monday at Le Bourget as Polish carrier LOT, a long-time E-Jet operator, chose Airbus' ( opens new tab A220 regional jet over the Brazilian firm's E2 family after a hard-fought contest for a landmark 40-airplane deal. But it recouped ground on Wednesday as U.S. airline SkyWest placed a firm order for 60 E175 jets valued at $3.6 billion at list price, with options for 50 more. The deal was described as a "mega order" by Embraer's commercial aviation head, Arjan Meijer, who added in a statement that the E175 was the "cornerstone of regional aviation in North America." Santander analysts praised it as a "strong positive development" for Embraer due to the meaningful boost to its backlog and indications of continued demand for the first-generation models in the key region. The Brazilian firm also revealed that South Africa-based Airlink plans to lease 10 second-generation E195-E2 jets from Azorra, a move which Itau BBA believes could lead to further orders from the U.S. lessor in the future. On the defense front, Lithuania said it had tapped Embraer's KC-390 airlifter for its fleet, paving the way for the acquisition of three aircraft. Financial details were not disclosed. Analysts say the move may fuel more orders from European and NATO countries, with nations such as Portugal, Hungary and the Netherlands having also selected the aircraft, which competes with Lockheed Martin's (LMT.N), opens new tab C-130. "We see potential for at least 50 new orders for the C-390 from NATO countries with the rise in defense investments in Europe," Bradesco BBI said in a note to clients. Embraer, the world's third-largest planemaker after Airbus and Boeing (BA.N), opens new tab, has been riding tailwinds on the back of strong demand for its jets. Its shares have surged 30% so far this year, building on gains of more than 150% in 2024.
Yahoo
2 days ago
- Business
- Yahoo
SkyWest, Lithuania deals lift Embraer at Paris Airshow
By Gabriel Araujo SAO PAULO/PARIS (Reuters) -Investors and analysts on Wednesday welcomed fresh deals announced by Brazilian planemaker Embraer at the Paris Airshow, including a major regional jet order from SkyWest and a defense agreement with Lithuania. The announcements helped Embraer's shares climb as much as 5%, making it the top performer on Brazil's benchmark stock index Bovespa, and underscored positive sales momentum for the company. Embraer got off to a turbulent start on Monday at Le Bourget as Polish carrier LOT, a long-time E-Jet operator, chose Airbus' A220 regional jet over the Brazilian firm's E2 family after a hard-fought contest for a landmark 40-airplane deal. But it recouped ground on Wednesday as U.S. airline SkyWest placed a firm order for 60 E175 jets valued at $3.6 billion at list price, with options for 50 more. The deal was described as a "mega order" by Embraer's commercial aviation head, Arjan Meijer, who added in a statement that the E175 was the "cornerstone of regional aviation in North America." Santander analysts praised it as a "strong positive development" for Embraer due to the meaningful boost to its backlog and indications of continued demand for the first-generation models in the key region. The Brazilian firm also revealed that South Africa-based Airlink plans to lease 10 second-generation E195-E2 jets from Azorra, a move which Itau BBA believes could lead to further orders from the U.S. lessor in the future. NATO BOOST On the defense front, Lithuania said it had tapped Embraer's KC-390 airlifter for its fleet, paving the way for the acquisition of three aircraft. Financial details were not disclosed. Analysts say the move may fuel more orders from European and NATO countries, with nations such as Portugal, Hungary and the Netherlands having also selected the aircraft, which competes with Lockheed Martin's C-130. "We see potential for at least 50 new orders for the C-390 from NATO countries with the rise in defense investments in Europe," Bradesco BBI said in a note to clients. Embraer, the world's third-largest planemaker after Airbus and Boeing, has been riding tailwinds on the back of strong demand for its jets. Its shares have surged 30% so far this year, building on gains of more than 150% in 2024. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Travel Weekly
2 days ago
- Business
- Travel Weekly
SkyWest orders 60 Embraer E175 planes
Regional carrier SkyWest has ordered 60 Embraer E175 aircraft and has options on 50 more. The airline operates flights for Delta Connection, American Eagle, United Express and Alaska Airlines. Sixteen of the ordered planes will be operated under contract with Delta, with deliveries beginning in 2027. They will be used as replacements for older Bombardier CRJ 700 and 900 planes. The remaining 44 aircraft, slated for delivery between 2028 and 2032, will ready SkyWest for additional opportunities in contract flying. U.S. carriers, including Delta, typically configure E175s with 70 or 76 seats, split between first class and coach cabins. SkyWest is world's largest E175 operator with 263 aircraft. The list price for the 60-plane order is $3.6 billion, though airlines typically negotiate significantly discounted deals for bulk purchases.
Business Wire
2 days ago
- Business
- Business Wire
SkyWest Orders 60 New Embraer E175 Aircraft
ST. GEORGE, Utah--(BUSINESS WIRE)--SkyWest, Inc. (NASDAQ: SKYW) ('SkyWest') today announced an agreement to purchase and operate 16 new E175 aircraft under a multi-year contract for Delta Air Lines ('Delta'). The 16 new E175 aircraft are expected to replace 11 CRJ900s and 5 CRJ700s currently under contract with Delta. The aircraft will be purchased by SkyWest from Embraer, with deliveries expected to begin in 2027. SkyWest also secured firm delivery positions with Embraer for 44 additional E175s from 2028 to 2032. SkyWest intends to take delivery of the 44 additional E175s, subject to SkyWest entering into flying agreements with one of its major airline partners in respect of such aircraft. The firm delivery positions and purchase rights on 50 additional E175 aircraft announced today would provide SkyWest with ongoing fleet flexibility over the next decade. Commenting on the agreement, Chip Childs, President and CEO of SkyWest, said, 'We're pleased to strengthen our Delta partnership and to continue to grow our E175 fleet. This aircraft order enables us to advance our long-term fleet strategy, enhance our dual-class footprint, and continue to lead the industry in delivering an exceptional product for Delta and each of our flying partners.' About SkyWest SkyWest, Inc. is the holding company for SkyWest Airlines, SWC, and SkyWest Leasing, an aircraft leasing company. SkyWest Airlines has a fleet of nearly 500 aircraft connecting passengers to over 265 destinations throughout North America. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines carrying 42 million passengers in 2024. Forward-Looking-Statements In addition to historical information, this release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements regarding SkyWest's plans with respect to future aircraft orders, the timing of scheduled aircraft deliveries, including with respect to aircraft for which SkyWest holds firm delivery positions or purchase rights, the transition of the new E175s to replace existing aircraft in SkyWest's fleet and the timing thereof, changes to SkyWest's flying contracts, ongoing fleet flexibility for SkyWest, advancement of SkyWest's long-term fleet strategy and enhancement of SkyWest's dual-class footprint, and other statements that are not historical facts. All forward-looking statements included in this release are made as of the date hereof and are based on information available to SkyWest as of such date. SkyWest assumes no obligation to update any forward-looking statements for any reason. Readers should note that many factors could cause actual results to vary materially from those expressed in forward-looking statements set forth in this release. These factors include, but are not limited to uncertainty regarding timing of future aircraft deliveries, which is subject to change for various reasons; developments associated with fluctuations in the economy and the demand for air travel, including related to inflationary pressures, and related decreases in customer demand and spending; the prospects of entering into agreements with existing or other carriers to fly new aircraft; uncertainties regarding operation of new aircraft; and other unanticipated factors. Additional information concerning these and other risk factors affecting SkyWest can be found in SkyWest's public periodic filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, available at
Yahoo
5 days ago
- Business
- Yahoo
Can SkyWest, Inc. (NASDAQ:SKYW) Maintain Its Strong Returns?
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. We'll use ROE to examine SkyWest, Inc. (NASDAQ:SKYW), by way of a worked example. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for SkyWest is: 15% = US$363m ÷ US$2.5b (Based on the trailing twelve months to March 2025). The 'return' refers to a company's earnings over the last year. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.15. Check out our latest analysis for SkyWest By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. As you can see in the graphic below, SkyWest has a higher ROE than the average (12%) in the Airlines industry. That's clearly a positive. With that said, a high ROE doesn't always indicate high profitability. Especially when a firm uses high levels of debt to finance its debt which may boost its ROE but the high leverage puts the company at risk. To know the 2 risks we have identified for SkyWest visit our risks dashboard for free. Companies usually need to invest money to grow their profits. That cash can come from issuing shares, retained earnings, or debt. In the first two cases, the ROE will capture this use of capital to grow. In the latter case, the debt required for growth will boost returns, but will not impact the shareholders' equity. In this manner the use of debt will boost ROE, even though the core economics of the business stay the same. It's worth noting the high use of debt by SkyWest, leading to its debt to equity ratio of 1.03. While its ROE is pretty respectable, the amount of debt the company is carrying currently is not ideal. Investors should think carefully about how a company might perform if it was unable to borrow so easily, because credit markets do change over time. Return on equity is a useful indicator of the ability of a business to generate profits and return them to shareholders. A company that can achieve a high return on equity without debt could be considered a high quality business. All else being equal, a higher ROE is better. Having said that, while ROE is a useful indicator of business quality, you'll have to look at a whole range of factors to determine the right price to buy a stock. The rate at which profits are likely to grow, relative to the expectations of profit growth reflected in the current price, must be considered, too. So I think it may be worth checking this free report on analyst forecasts for the company. If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
