secwatch.observer — SEC 8-K summary
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Issuer:     SKYWEST INC (SKYW)
CIK:        0000793733
Form:       8-K
Filed at:   2022-02-03T23:59:59+00:00
Accession:  0001558370-22-000760
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SkyWest Q4 net income $4M, full-year adjusted EPS $3.46; expects 2022 block hours down 10-15%
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- Q4 net income $4M ($0.09 diluted EPS) vs net loss $46M ($0.93 loss) in Q4 2020.
- FY2021 net income $112M ($2.20 EPS); adjusted net income $176M ($3.46 EPS) ex $84M impairment.
- Revenue $777M (+32% YoY); block hours up 30% from Q4 2020.
- Cash & marketable securities $860M; total debt $3.1B; capex $304M in Q4 for aircraft.
- Expects 2022 block hours down ~10-15% due to staffing; plans to add 47 E175s in 2022-23.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793733/000155837022000760/0001558370-22-000760-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793733/000155837022000760/skyw-20220203x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-000760

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