secwatch.observer — SEC 8-K summary
======================================

Issuer:     SKYWEST INC (SKYW)
CIK:        0000793733
Form:       8-K
Filed at:   2026-04-23T23:59:59+00:00
Accession:  0001104659-26-047674
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SkyWest Q1 net income $102M ($2.50 EPS); revenue +7% to $1.0B; CRJ450 conversion
--------------------------------------------------------------------------------

- Net income of $102M ($2.50 diluted EPS) vs. $101M ($2.42) in Q1 2025; includes $0.29 discrete tax benefit.
- Revenue $1.0B, up 7% YoY; block hours +3%; operating expenses +10% to $889M on higher production and pilot training.
- Cash & marketable securities $627M (down from $707M at Dec 2025); debt flat at $2.4B; repurchased 783K shares for $75M in Q1.
- Plans to convert 50-seat CRJ200 to 41-seat dual-class CRJ450 for United; first service Fall 2026, full conversion by 2028.
- E175 deliveries: 9 in 2026, 10 in 2027, 10 in 2028, 40 thereafter; purchase rights secured for 50 additional E175s.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793733/000110465926047674/0001104659-26-047674-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793733/000110465926047674/skyw-20260423x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-047674

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer