SkyWest Boosts Share Buyback Plan by $250 Million

SkyWest Airlines has expanded its share repurchase program by an additional $250 million, bringing the total remaining authorized amount available for buybacks to approximately $272 million. The decision was approved by the airline’s board of directors and disclosed in a market filing.

The Utah-based regional carrier said it may conduct repurchases through open market transactions, privately negotiated agreements, or other methods, all in accordance with federal securities regulations.

This new authorization builds on a previous $250 million buyback plan initiated in May 2023. As of April 2025, SkyWest had already used or committed $228 million from that prior allocation. About $12 million worth of shares were repurchased in April alone, leaving just $22 million remaining before the latest increase.

Unlike some repurchase programs with expiration timelines, the new $250 million addition has no set end date. Management retains full discretion over the timing, size, and pricing of the repurchases and may suspend or resume buybacks without advance notice.

Share buyback programs are typically used to return capital to shareholders, reduce share count, and potentially enhance earnings per share. SkyWest’s move signals continued confidence in its financial performance and market valuation.

SkyWest Airlines, which operates flights under major codeshare agreements with United Airlines, Delta Air Lines, American Airlines, and Alaska Airlines, remains a key player in the U.S. regional aviation sector. The airline continues to navigate the post-pandemic recovery with a focus on fleet management, labor strategy, and operational efficiency.

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Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com