---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-007048"
form_type: "8-K"
ticker: "SKYW"
cik: "0000793733"
company_name: "SKYWEST INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T10:19:56.892164+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SkyWest Q1 2023 net loss of $22M ($0.45 loss per share) on revenue of $692M, down 6% YoY

## Summary
- Net loss $22M vs net income $18M in Q1 2022; EPS -$0.45 vs +$0.35.
- Revenue $692M, down $43M (6%) YoY; deferred $63M revenue under flying contracts.
- Repurchased 5.1M shares for $100M (10% of outstanding) during Q1.
- Acquired 24 CRJ700s and 8 CRJ200s under early lease buyout for $125M.
- Secured rate amendment with one major partner; all four partners now offset higher crew costs.

## SEC filing metadata
- accession: 0001558370-23-007048
- form_type: 8-K
- ticker: SKYW
- cik: 0000793733
- company_name: SKYWEST INC
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/793733/000155837023007048/0001558370-23-007048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/793733/000155837023007048/skyw-20230427x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-007048
- JSON: https://secwatch.observer/filing/0001558370-23-007048.json
- Plain text: https://secwatch.observer/filing/0001558370-23-007048.txt

## Key facts
- Earnings Releases
  SKYWEST INC reported Q1 2023 results: revenue $692 million, net income $22 million, EPS $0.45 loss per share.
  - Period: Q1 2023
  - Revenue: $692 million
  - Net income: $22 million
  - EPS: $0.45 loss per share
  - Result: reported results
  source text: avoids 1 ​ making future lease and lease return cash payments of approximately $90 million, and SkyWest now owns these aircraft and engines. Financial Results Revenue was $692 million in Q1 2023, down $43 million, or 6%, from $735 million in Q1 2022. SkyWest deferred recognizing $63 million of revenue during Q1 2023 compared to recognizing previously deferred
  evidence_url: https://www.sec.gov/Archives/edgar/data/793733/000155837023007048/0001558370-23-007048-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.