SkyWest Q2 net income $54M ($1.07 EPS); revenue up 22% to $799M

SKYWEST INC

2022-Q2 EPS reported $1.42 revenue$1,534,237,000

Net income $54M ($1.07 diluted EPS) vs $62M ($1.22) in Q2 2021.
Revenue $799M, up 22% YoY from $657M, driven by 43 additional aircraft and prior-year COVID concessions.
Operating expenses $710M, up 31% YoY, largely due to $114M payroll support grants in Q2 2021.
Cash and securities $975M at June 30, 2022 (up from $860M at Dec 31, 2021); total debt $3.3B.
Delivered eight E175s in Q2; 47 E175s expected under American, Delta, Alaska contracts by early 2023.

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