secwatch.observer — SEC 8-K summary
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Issuer:     SKYWEST INC (SKYW)
CIK:        0000793733
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001558370-24-000690
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/793733/000155837024000690/0001558370-24-000690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/793733/000155837024000690/skyw-20240201x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-000690

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