secwatch.observer — SEC 8-K summary
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Issuer:     SKYWEST INC (SKYW)
CIK:        0000793733
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001558370-23-012401
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793733/000155837023012401/0001558370-23-012401-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793733/000155837023012401/skyw-20230727x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-012401

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