SkyWest, Inc. (SKYW) Finalizes New Engine Deal, Reducing Carbon Footprint

With a low P/E multiple and potential upside for investors, SkyWest, Inc. (NASDAQ:SKYW) is among the 14 Cheap Transportation Stocks to Buy According to Analysts.

On July 9, 2025, SkyWest, Inc. (NASDAQ:SKYW) penned a deal with GE Aerospace for CF34-8E engines, including spares, complementing its order of 60 new Embraer 175 regional jets in June 2025. The deal highlights the long-standing partnership of the two parties, with CF34 engines powering the airline’s fleet of 600 aircraft since 1994.

Currently, SkyWest, Inc. (NASDAQ:SKYW) is the largest beneficiary of CF34 engines globally, with more than 1,200 in service. Meanwhile, GE Aerospace is known for the durability and high dispatch reliability rate of CF34 engines, 11,000 of which it has delivered globally. These engines possess the capability to operate on approved sustainable aviation fuel (SAF) blends, helping SkyWest, Inc. (NASDAQ:SKYW) reduce its carbon footprint.

SkyWest, Inc. (NASDAQ:SKYW) is a regional airline in the U.S., operating through SkyWest Airlines and SWC, and SkyWest Leasing. It is on the list of cheap transportation stocks.

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