secwatch.observer — SEC 8-K summary
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Issuer:     SKYWEST INC (SKYW)
CIK:        0000793733
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0001558370-23-000776
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SkyWest Q4 net loss $47M ($0.93/share); full year net income $73M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793733/000155837023000776/0001558370-23-000776-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793733/000155837023000776/skyw-20230202x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-000776

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