secwatch.observer — SEC 8-K summary
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Issuer:     SKYWEST INC (SKYW)
CIK:        0000793733
Form:       8-K
Filed at:   2021-07-29T23:59:59+00:00
Accession:  0001558370-21-009590
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SkyWest Q2 net income $62M ($1.22 EPS) vs loss; adds new fleet deals with Alaska and American
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- Net income of $62M ($1.22 diluted EPS) vs net loss of $26M in Q2 2020; revenue $657M, up 88% YoY.
- Agreed with Alaska Airlines for nine E175 aircraft; one added today beyond previously announced eight.
- Agreed with American Airlines for eleven additional used CRJ700s, bringing total under agreement to 101 by mid-2023.
- Repaid $60M secured loan with Treasury; cash and securities $956M at June 30, 2021.
- Operating expenses $542M, up 53% YoY, including $114M in payroll support grants as reduction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793733/000155837021009590/0001558370-21-009590-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793733/000155837021009590/skyw-20210729x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-009590

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