secwatch.observer — SEC 8-K summary
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Issuer:     SKYWEST INC (SKYW)
CIK:        0000793733
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0001558370-22-006267
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SkyWest Q1 net income falls 50% to $18M ($0.35 EPS); revenue up 38% to $735M
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- Net income $18M, diluted EPS $0.35, vs $36M ($0.71) in Q1 2021; pre-tax income $25M.
- Revenue $735M, up 38% YoY; operating expenses $683M, up 51% reflecting absence of payroll grants.
- Cash & marketable securities $856M; total debt $3.2B; CapEx $114M for four E175s for Alaska.
- 47 E175 aircraft to enter service by early 2023 under agreements with American (20), Delta (16), Alaska (11).
- CEO notes pilot imbalance constrains monetizing strong demand; named Forbes Best Large Employer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793733/000155837022006267/0001558370-22-006267-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793733/000155837022006267/skyw-20220428x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-006267

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