8-K
filed February 2, 2023, 6:59 PM ET
ticker SKYW
CIK 0000793733
earnings
confidence high
sentiment negative
materiality 0.80
SkyWest Q4 net loss $47M ($0.93/share); full year net income $73M
SKYWEST INC
2022-FY EPS reported
$1.44
revenue$3,004,925,000
- Q4 net loss $47M ($0.93 loss per diluted share) vs Q4 2021 net income $4M ($0.09 EPS).
- Full year 2022 net income $73M ($1.44 EPS) down from $112M ($2.20 EPS) in 2021.
- Q4 results included $69M deferred revenue from amended flying contracts, $36M non-cash impairment on CRJ700s, and $11M accelerated lease expense for stored CRJ aircraft.
- Secured amendments under majority of flying contracts to increase compensation for current pilot pay scales.
- Took delivery of four E175 aircraft for Delta Air Lines in Q4.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.85
SKYWEST INC reported the three months ended December 31, 2022 results: net income net loss of $47 million, EPS $0.93 loss per share.
- Period
- the three months ended December 31, 2022
- Net income
- net loss of $47 million
- EPS
- $0.93 loss per share
- Result
- reported results
Exact text from the filing
Q4 2022 pre-tax loss of $62 million, net loss of $47 million, or $0.93 loss per share
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.85
SKYWEST INC reported the year ended December 31, 2022 results: net income net income of $73 million, EPS $1.44 per diluted share.
- Period
- the year ended December 31, 2022
- Net income
- net income of $73 million
- EPS
- $1.44 per diluted share
- Result
- reported results
Exact text from the filing
Full year 2022 pre-tax income of $93 million, net income of $73 million, or $1.44 per diluted share
View on SEC.gov
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