secwatch.observer — SEC 8-K summary
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Issuer:     SKYWEST INC (SKYW)
CIK:        0000793733
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001558370-23-007048
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793733/000155837023007048/0001558370-23-007048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793733/000155837023007048/skyw-20230427x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-007048

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