---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-012401"
form_type: "8-K"
ticker: "SKYW"
cik: "0000793733"
company_name: "SKYWEST INC"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T01:30:27.758097+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SkyWest Q2 net income falls to $15M from $54M; revenue down 9%, defers $60M revenue

## Summary
- Net income of $15M ($0.35 diluted) vs $54M ($1.07) in Q2 2022.
- Revenue $726M, down 9% YoY; $60M deferred under amended flying contracts.
- Repurchased 3.3M shares for $94M in Q2; H1 2023 repurchased 8.4M shares (17% of outstanding).
- Cash and securities $862M, total debt $3.2B; capex $31M in Q2.
- Expects to add E175 aircraft: 2 for Delta in Q4 2023, 1 in 2024; 1 for Alaska in 2025; total 239 by end 2025.

## SEC filing metadata
- accession: 0001558370-23-012401
- form_type: 8-K
- ticker: SKYW
- cik: 0000793733
- company_name: SKYWEST INC
- filed_at: 2023-07-27T23:59:59+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/793733/000155837023012401/0001558370-23-012401-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/793733/000155837023012401/skyw-20230727x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-012401
- JSON: https://secwatch.observer/filing/0001558370-23-012401.json
- Plain text: https://secwatch.observer/filing/0001558370-23-012401.txt

## Key facts
- Earnings Releases
  SKYWEST INC reported three months ended June 30, 2023 results: revenue $726 million, net income $15 million, EPS $0.35 per diluted share.
  - Period: three months ended June 30, 2023
  - Revenue: $726 million
  - Net income: $15 million
  - EPS: $0.35 per diluted share
  - Result: reported results
  source text: share repurchase program authorized by the SkyWest Board of Directors in May 2023 had $186 million of remaining availability as of June 30, 2023. Financial Results Revenue was $726 million in Q2 2023, down $73 million, or 9%, from $799 million in Q2 2022. SkyWest deferred recognizing $60 million of revenue during Q2 2023 compared to recognizing 1 ​ previously
  evidence_url: https://www.sec.gov/Archives/edgar/data/793733/000155837023012401/0001558370-23-012401-index.htm

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