---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-000690"
form_type: "8-K"
ticker: "SKYW"
cik: "0000793733"
company_name: "SKYWEST INC"
filed_at: "2024-02-01T23:59:59+00:00"
generated_at: "2026-06-06T12:17:21.543192+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SkyWest Q4 net income $18M ($0.42/sh) vs year-ago loss; revenue up 10%; acquires 25% of Contour Airlines

## Summary
- Q4 2023 net income $18M ($0.42 diluted EPS) vs net loss of $47M ($0.93 loss) in Q4 2022.
- Revenue $752M (+10% YoY); operating expenses $724M (incl. $36M non-cash impairment in Q4 2022).
- Full year 2023 net income $34M ($0.77/sh) vs $73M ($1.44/sh) in 2022.
- Repurchased 1.0M shares for $45M in Q4; full year 10.6M shares for $289M (21% of outstanding).
- Acquired 25% ownership stake in Contour Airlines plus asset provisioning agreement for CRJ parts.

## SEC filing metadata
- accession: 0001558370-24-000690
- form_type: 8-K
- ticker: SKYW
- cik: 0000793733
- company_name: SKYWEST INC
- filed_at: 2024-02-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/793733/000155837024000690/0001558370-24-000690-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/793733/000155837024000690/skyw-20240201x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-000690
- JSON: https://secwatch.observer/filing/0001558370-24-000690.json
- Plain text: https://secwatch.observer/filing/0001558370-24-000690.txt

## Key facts
- Earnings Releases
  SKYWEST INC reported the year ended December 31, 2023 results: net income $34 million, EPS $0.77 per diluted share.
  - Period: the year ended December 31, 2023
  - Net income: $34 million
  - EPS: $0.77 per diluted share
  - Result: reported results
  source text: SkyWest also reported net income of $34 million, or $0.77 per diluted share, for the 2023 year, compared to net income of $73 million, or $1.44 per diluted share, for the 2022 year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/793733/000155837024000690/0001558370-24-000690-index.htm
- Earnings Releases
  SKYWEST INC reported the three months ended December 31, 2023 results: revenue $752 million, net income $18 million, EPS $0.42 per diluted share.
  - Period: the three months ended December 31, 2023
  - Revenue: $752 million
  - Net income: $18 million
  - EPS: $0.42 per diluted share
  - Result: reported results
  source text: as of December 31, 2022. As of December 31, 2023, SkyWest had $91 million of remaining availability under its current share repurchase program. 1 ​ Financial Results Revenue was $752 million in Q4 2023, up $71 million, or 10%, from $681 million in Q4 2022, primarily due to flying contract rate increases combined with 2% higher production in Q4 2023, compared to Q4
  evidence_url: https://www.sec.gov/Archives/edgar/data/793733/000155837024000690/0001558370-24-000690-index.htm

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