SkyWest shares reached a 52-week low of $77.85 after falling 14.6% in the past week. The stock is down 16.97% over the past year and trades at a price-to-earnings ratio of 7.64. InvestingPro’s analysis describes the shares as undervalued relative to its estimated fair value.
The stock decline comes amid mixed third-quarter 2026 results. SkyWest reported net income of $120 million, or $3.08 per share, slightly above the Wall Street estimate of $3.07. Revenue totaled $1.12 billion, missing the forecast of $1.14 billion.
SkyWest attributed the revenue shortfall to higher fuel costs in its prorate business, while strong operational performance provided some offset.
Sources: Investing.com News.