SkyWest posts Q1 net income $60M, EPS $1.45 vs loss $0.45 YoY; revenue up 16%

SKYWEST INC

2024-Q1 EPS reported $1.45 revenue$803,614,000

Q1 2024 net income of $60M ($1.45 diluted EPS) vs net loss of $22M ($0.45 loss) in Q1 2023.
Revenue of $804M, up $112M (16%) YoY; block hour production +5%.
Repurchased 136,000 shares for $8.7M at avg $64.21; $82M remaining under buyback program.
Took delivery of 3 of 20 E175 under United Airlines agreement; scheduled 38 E175 deliveries through 2026.
Cash and marketable securities $821M at March 31, 2024; total debt $2.9B, down from $3.0B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SKYWEST INC reported the three months ended March 31, 2024 results: revenue $804 million, net income $60 million, EPS $1.45 per diluted share.

Period: the three months ended March 31, 2024
Revenue: $804 million
Net income: $60 million
EPS: $1.45 per diluted share
Result: reported results

Exact text from the filing

captain availability has improved. We are also pleased with how our teams performed under challenging winter conditions during the first quarter.” Financial Results Revenue was $804 million in Q1 2024, up $112 million, or 16%, from $692 million in Q1 2023. SkyWest’s block hour production increased 5% in Q1 2024 compared to Q1 2023, which reflects improvements in

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Source: SEC EDGAR

accession 0001558370-24-005758

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