secwatch.observer — SEC 8-K summary
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Issuer:     SKYWEST INC (SKYW)
CIK:        0000793733
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001558370-22-011250
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 $54M ($1.07 EPS); revenue up 22% to $799M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793733/000155837022011250/0001558370-22-011250-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793733/000155837022011250/skyw-20220728x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-011250

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